Cryptocurrency Traders In India

If you are trading in cryptocurrency, then there’s a new botnet variant you need to be careful; about. Cybersecurity firm Check Point Research has reported a new botnet variant called Twizt that is said to have stolen nearly half a million dollars’ worth of cryptocurrency through a technique called “crypto clipping”. This scam is primarily targeting traders from India, Ethiopia and Nigeria.

Twizt is another variant from the Phorpiex botnet family that steals cryptocurrency during transactions by automatically substituting the intended wallet address with the attacker’s wallet address.

The cybersecurity firm warned cryptocurrency traders to beware of who they send funds to, as 969 transactions have been intercepted already. The new Twizt botnet can operate without active command and control servers and can evade security mechanisms.

As per the report by Check Point Research, in 12 months, 3.64 Bitcoin, 55.87 Ether, and $55,000 in ERC20 tokens were taken. In a single instance, 26 ETH got hijacked.