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Users Hit by Google Plugin Scam, Lose Millions | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker

A series of devastating account breaches has left numerous Binance users in turmoil, shaking the cryptocurrency world to its core. Blockchain journalist Colin Wu first broke the troubling news, sending shivers down the spines of investors.

Millions of dollars have vanished into thin air, but how are these seemingly secure accounts being compromised? And what can be done to prevent a similar fate?

Read further to uncover the shocking details behind this brazen hack and the security vulnerabilities that threaten your crypto holdings.

The Aggr Plugin Scheme

At the core of the crisis lies a deceptive Google plugin called Aggr, endorsed by various influential figures within the crypto community. Tragically, on May 24th, a Chinese user fell prey to this scheme, losing a staggering $1 million.

Another user experienced a similar issue on March 1st. The hackers exploited hijacked cookies to bypass password and two-factor authentication (2FA), getting unauthorized access to victims’ Binance accounts.

Stories of Loss and Frustration

One affected user shared their experience on X. Their account was wiped out of $1 million, almost all of their savings. The hacker made a series of trades, causing massive price increases in various trading pairs such as QTUM/BTC, DASH/BTC, PYR/BTC, ENA/USDC, and NEO/USDC. 

Shockingly, the user only discovered the unauthorized transactions an hour and a half later. Despite swift action by contacting Binance customer service, the hacker continued to operate freely. Binance’s slow response allowed the hacker to withdraw funds without hindrance.

Binance Under Scrutiny: Backlash Increases!

Binance’s response was slow, and the hacker had safely withdrawn all funds when they reached back. The user says Binance’s risk control measures are lacking, as the hacker’s single account and obvious arbitrage transactions go unnoticed.

According to the user, it took Binance over a day to notify other exchanges like Kucoin and Gate to freeze the stolen funds, which was too late. This delay allowed the hacker to move the funds beyond reach, leaving the user with no recourse.

Challenges Persist

Unfortunately, this isn’t an isolated incident. Another Binance account fell victim to the Aggr plugin on March 1st. Despite assurances from Binance CEO Richard Teng, a lasting solution to these security concerns remains elusive.

Also Check Out : May Crypto Hack Report: $347 Million Wiped Out from Markets!

Stay vigilant! Always be cautious of third-party plugins and download extensions only from trusted sources.


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