The encryption safety will always be the “Cat and Mouse” game – Exec wallet

The managers of the device portfolio say that encrypted service providers have become more sophisticated, but they are also bad actors – which means that the battle between security and threats is in an exit on a dead end.

Ian Rogers, chief experience officer in LEDger, told Cointelegraph when describing the continuous race between the encryption portfolio companies, adding new safety features and infiltrators to find more sophisticated ways to reach the governor of the victims.

Unfortunately, Rogers said that the most direct fraud works better because fraudsters depend on people who make simple mistakes.

He said: “People give their 24 words to people every day, as long as that happens, they will go to low -cost tax,” adding:

“Anyone who asks about 24 words is a criminal.”

Rogers highlighted a joint shared fraud where the victims are deceived by the “any post on Twitter about Crypto”, with messages like “DM Me, and I will help you.”

“You know that the fraudsters always ask you 24 words,” said Rogers. Jason Jiang, the chief business official, recently told Cointelegraph that the realization of social media attacks can significantly increase the user’s encrypted security.

Sometimes, fraudsters kidnapped the known industry numbers accounts to spread harmful links, making it difficult for users to discover the fraud.

In September 2023, the account of the co-founder of Ethereum Vitalik Buterin was hacked, which led to the fake NFT gift that deceived the clicks-only to drain more than $ 691,000 from their portfolios.

Rogers emphasized that this will always be the case, just as bad actors are not limited to encryption – fraud operations were like fake emails from “Nigerian President” for years.

“The cost of the attack always fits with the size of the award, right?” Rogers said. In 2024, Crypto Hacks jumped by 15 % of 2023, with more than 3 billion stolen dollars.

Related to: Pirates steal $ 8.4 million from RWA Restoring Protocol

Meanwhile, swine slaughter fraud has emerged as one of the most common threats to encryption investors, with losses on the ETHEREUM network, which costs the industry $ 5.5 billion in 200,000 specific cases in 2024.

Surgings of pigs is a type of hunting scheme that includes long and complex tactics of the trick of investors to send their assets well to the fraudulent encryption addresses.