ADVERTISEMENT
NewsLogical
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • Finance
  • XRP News
  • Price Analysis
  • Coin Guide
  • About Us
    • Contact Us
    • Team
    • Privacy Policy
    • Editorial Policy
    • Write for Us
No Result
View All Result
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • Finance
  • XRP News
  • Price Analysis
  • Coin Guide
  • About Us
    • Contact Us
    • Team
    • Privacy Policy
    • Editorial Policy
    • Write for Us
No Result
View All Result
NewsLogical
No Result
View All Result
Home Altcoins

Crypto User Loses $16,000 worth of ZEC Crypto to Chrome Extension

by Adeniyi Olowo
January 3, 2020
in Altcoins, Blockchain, Cryptocurrency, Finance, General News
0
Venture Capitalist Tim Draper Invests in Los Angeles Blockchain Platform Goren Holm
0
SHARES
304
VIEWS
Share on FacebookShare on Twitter

The negative elements of blockchain technology were seen this week as a Twitter user claimed that a malicious Google Chrome extension cost him $16,000 worth of ZEC.

According to the user, with a pseudonymous name ”Hackedzec” on Twitter, the extension Ledger Secure which claims to be a cryptocurrency wallet allegedly copied their details.

In @hackedzec's case, 600ZEC were taken from his Ledger Nano by the extension author.

That's around 2.3BTC /USD$16k – bigtime pain.@jeremyrwelch from @CasaHODL presented on precisely this risk at Baltic HoneyBadger 2019 in Riga – malign browser extensions.

What's to learn?👇

— WizardofAus 🇦🇺⚡🌮 [Jan3🔑] (@BTCSchellingPt) January 2, 2020

The app sends user’s seed phrase back to its creators, allowing them to have access the user’s cryptocurrency assets illegally.

French blockchain company Ledger came out to disclaim the extension, the firm warned in a corresponding tweet that Ledger Secure was in no way affiliated to them and urged users to report the extension to Google for removal.

⚠️PHISHING ALERT⚠️

A Chrome extension malware has been detected called "Ledger Secure". This is NOT a legitimate Ledger application

DO NOT use it and contact us if you've installed it:https://t.co/bRaDjYHZbY

You can help by reporting the extension:https://t.co/oltHbtA8RR

— Ledger Support (@Ledger_Support) January 2, 2020

The detail of how the extension got users’ seed details is a bit sketchy with the victim claiming that they only entered the seed phrase just once into their computer two years ago. They also confirmed that they photocopied the seed phrase using a Wifi connected printer once as well.

It could most likely be that the Ledger Secure extension is a phishing app that could get details of user’s activities when browsing.

The Victim revealed that they became suspicious about the extension after a file was found on their computer that was linked to the Twitter account of the fake Leger Secure extension. The Twitter account was a parody of the legitimate Ledger account.

Malicious Crypto Apps Have on the Rise In Recent Years

There have been several cases of malicious apps used by hackers to steal cryptocurrencies. Mining apps have also been surfacing with thousands of computers been affected by such malware that illegally mine cryptocurrencies on unsuspecting users PCs.

Google has been clamping hard on such apps and extensions on its play store and browser stores but appears to be hit or miss for the tech firm.

Just this week NewsLogical reported that MetaMask was removed and reinstated to Google Play Store after it was mistaken for a crypto mining app.

Tags: Blockchaincrypto newsCryptocurrencyGoogle ChromeGoogle Play
No Result
View All Result

Highlights

Elon Musk Loaded Up In Dogecoin before Pumping Bitcoin – Peter Schiff

Crypto Investor Explains Why Cardano will Soon Topple Ethereum

Cardano’s IOHK Rebrands, Enters Final Stages of a Large Government Contract

Analyst Explains why Bitcoin Price Could Crash to $6,400

Online Search for “Dogecoin” Surpasses “Bitcoin” in United States

PayPal Q4 Earnings Report Shows Users More Active after Buying Cryptocurrencies


NewsLogical Inc. is a U.S.-centric firm established in 2019 with the aim of providing resourceful and up-to-date cryptocurrency and blockchain information.

Email: info@newslogical.com

Read More.

Dislciamer


Contents on NewsLogical.com are only for informational purposes and should not be construed as financial or investment advice.

Trading cryptocurrency is considered a high-risk activity that requires technical knowhow because digital currencies are generally volatile.

Contact financial experts for guidance before making any cryptocurrency investment decision.

Read More.

About us

  • About
  • Contact Us
  • Disclaimer
  • Editorial Policy
  • Privacy Policy
  • Team
  • Write for Us
No Result
View All Result
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • XRP News
  • Price Analysis
  • Coin Guide
  • About
    • Team
    • Editorial Policy
    • Privacy Policy
    • Write for Us