Attacks that drain the crypto wallet require reconsideration of security

Attacks that drain the crypto wallet require reconsideration of security

HomeNews, Other ContentAttacks that drain the crypto wallet require reconsideration of security

Infosec researchers note increasing cryptocurrency attacks and have encouraged wallet security providers to up their collective game.

Top 6 Best Ways to Store your CRYPTO!! How to Stay Safe!!

Check Point specifically cites the growth of attacks abusing Ethereum's CREATE2 opcode, calling it a "critical issue in the blockchain community" that sees assets worth millions of dollars drained from victims' wallets.

Introduced in 2019, CREATE2 is seen as a significant advance for Ethereum, enabling more efficient implementations of smart contracts – the technology that validates transactions on the blockchain.

CREATE2 is also the function exploited by attackers to drain tokens from victims' wallets.

Tagged:
Attacks that drain the crypto wallet require reconsideration of security.
Want to go more in-depth? Ask a question to learn more about the event.