FBI Warns Digital Currency Exchanges and Crypto Owners of Possible Threats

FBI Warns Digital Currency Exchanges and Crypto Owners of Possible Threats


The U.S. Federal Bureau of Investigation (FBI) issued an industry-wide warning about possible attacks on exchanges and crypto holders this week. The institution declared that there are threats actively tracking virtual asset platforms in order to take hold of these assets, causing financial losses in the process. Sim swapping, account theft and tech support staff are the means to accomplish these attacks.

FBI Anticipates Cryptocurrency Attacks

The FBI issued a warning against upcoming attacks on cryptocurrency exchanges and holders last week. The warning was distributed using the TLP protocol, designed to distribute the desired information with certain groups. It received the Green designation, meaning the FBI allows peers and partner organizations in the crypto community to share this information.

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The FBI states there are groups actively tracking vulnerabilities in these companies to take action. It explains these groups are using a group of techniques to achieve these means. These techniques include sim swapping, tech support fraud, and account stealing.

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