Lost your crypto access code? Be wary, there‘s a scam for that too
Summary
Criminals have created fake programs that claim to help people recover lost cryptocurrency access codes, called seed phrases. These programs actually steal personal information and passwords when downloaded. Experts warn to be careful and use only trusted sources for help with cryptocurrency wallets.Key Facts
- Cryptocurrency wallets use seed phrases of 12 to 24 words to access digital currency.
- Some fake websites offer software to recover lost seed phrases but actually install malware.
- The malware collects passwords, photos, documents, and other personal data from the infected computer.
- Stolen data is sent to criminals who may use it for further fraud.
- HP Security Lab discovered and investigated one such fake software called “Lost crypto wallets finder – cryptocurrency recovery toolkit.”
- The fake software sites may appear in web searches for crypto recovery tools.
- Experts advise checking online reviews and using legitimate services for help.
- If infected, users should remove malware with reliable security software and change passwords, especially for banking.
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