HOW TO RECOVER STOLEN FUNDS

HOW TO RECOVER YOUR HACKED BINANCE WALLET

HOW TO RECOVER YOUR HACKED BINANCE WALLET

RECOVER YOUR HACKED BINANCE WALLET: Before we dive into the world of hackers, wallets and other crypto terminologies, firstly let briefly explain Cryptocurrency.

A cryptocurrency is a digital currency that can be exchanged online for goods and services. However, people don’t hold Crypto for transaction purposes alone, it might also be a form of investment for both individuals and firms alike. They are over 10,000 cryptocurrencies in the world, both individuals and companies launch their cryptocurrency for investment and transactional purpose.

Cryptocurrency works on a decentralized technology called blockchain. Blockchain is a decentralized technology spread across many computers that records and monitors transactions.

To be able to store your crypto online, you need a wallet. A cryptocurrency wallet stores the public and private keys required to buy Bitcoin or other cryptocurrencies and provides digital signatures authorizing each transaction. We have several forms of crypto Wallet, Blockchain Wallet, Trust Wallet, Exodus, Ledger Wallet, Binance Wallet and many more.

We will be talking more about Binance Wallet.

Binance wallet claims to have high standards of safety and security, also claims to be able to process around 1.4 million orders per second.  It supports trading in more than 500 coins, including bitcoin, ethereum, litecoin, and its own native BNB tokens.

However, just like anything on the internet, wallets are prone to hacks, this, unfortunately, include Binance wallet also. There are different ways a wallet can be hacked, a few of these are:

Phishing Emails

We receive tons of emails per day. Hackers are aware of this and they have the savviness to use this against you. Emails Phishing is when hackers send you an email claiming to be from a known source, asking you for personal data to complete an operation.

For instance, if you are using a Binance wallet, hackers will send you an email that looks exactly like the one the real Binance will send you asking you for your Private Key to rectify your account or whatever excuse the hacker might give you. While most people know that the real Binance will never ask for such information, some people still fall for it.

Remember, your Private key is like your bank PIN( Personal Identification Number), just like no real bank will ever ask for your PIN, any wallet provider won’t ask for your Private Key. If you get such an email, ignore it or report to the appropriate authority to flag such as a scam.

Installing Keyloggers

It’s all about the data. Hackers are constantly trying different methods to get PINs, Wallet Passwords, Private keys and other essential information that can aid their fraudulent activities. Keyloggers are malware that records all data introduced on your computer or mobile device and then transfer them to hackers.

If the malware gets into your device, then it becomes easy to access your Private Key and cart away with your cryptocurrency. Malware can get into your device through;

  • Emails, make sure your scan ll attachment in your email with an antivirus.
  • Running an infected software from a specific site or torrent.
  • Connecting a malware-infected USB to your PC  or devices.

To avoid being attacked with malware, make sure you have an antivirus connected to your devices.

Downloading Fake Wallet

Hackers will go to any length to steal your cryptocurrency, and fake wallets is an example of how far they are willing to go. There has been a report of several apps impersonating popular wallets on the Play Store.

The report concluded that the fake mobile apps impersonating the official wallet used similar names and included convincing marketing banners not to only trick users but also convince Google’s platform to avoid been barned.

A useful tip to avoid falling into this trap is downloading the app straight from the official website of the wallet service. The Crypterium Wallet, for instance, asks for your phone number to send you a safe link that takes you to the app store.

Attacking you with Trojan

Similar to Keyloggers, Trojan can enter and monitor your behaviour, stealing anything that resembles a Private Key.

Trojan is not a new thing, and most likely you know how to protect your device from being infected. Regular anti-virus check, downloading files from a secure link and other preventive measures.

If a hacker can gain access to your private key using a Trojan, the hacker will have access to your Cryptocurrency without you knowing. 

In case your Binance account gets hacked you can contact the Binance customer service to help you recover your account. The problem with this is the long queue of others wanting to rectify the same or other issues. It might take a while before you get attended to or sometimes your enquiry might not get to the customer service centre.

On the other hand, you can hire a hacker to help you trace and recover your wallet. This is like you hiring your investigator, here you have more control over the situation and you know your issue is the most prioritised to your employee (the hacker). If you want to hire a hacker for this kind of issue you can contact cybersploits or for any other related hacking issue.

HOW TO RECOVER YOUR HACKED BINANCE WALLET

3 thoughts on “HOW TO RECOVER YOUR HACKED BINANCE WALLET”
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