Darknet bad actors work together to steal your crypto, here’s how — Binance CSO
Lurking in the shadiest corners of the dark web is a “well-established” ecosystem of hackers that target cryptocurrency users with poor “security hygiene,” according to Binance’s chief security officer.
Speaking to Cointelegraph, Binance CSO Jimmy Su said in recent years, hackers have shifted their gaze toward crypto end-users.
Su noted when Binance first opened in July 2017, the team saw plenty of hacking attempts on its internal network. However, as crypto exchanges continued to beef up their security, the focus has shifted.
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“Hackers always choose the lowest bar to achieve their goals, because for them it’s a business as well. The hacker community is a well-established ecosystem.”
According to Su, this ecosystem comprises four distinct layers — intelligence gatherers, data refiners, hackers and money launderers.
The most upstream layer is what Su described as “threat intelligence.” Here, bad actors collect and collate ill-gotten intel about crypto users, creating entire spreadsheets filled with details about different users.
This could include crypto websites a user frequents, what emails they use, their name, and whether they’re on Telegram or social media.
“There is a market for this on the dark web where this information is sold [...] that describes the user,” explained Su in a May interview.
Su noted this information is usually gathered in bulk, such as previous customer information leaks or hacks targeting other vendors or platforms.
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