A mimicry attack involves an attacker imitating a legitimate user to gain unauthorized access to a cryptocurrency platform. This can occur through various means, such as phishing or social engineering, where the attacker tricks the user into revealing private keys, passwords, or sensitive information.Once the attacker successfully mimics the legitimate user, they can perform actions like transferring funds, accessing wallets, or altering account settings. This threatens the integrity and security of the user’s assets.To combat mimicry attacks, users are advised to employ strong, unique passwords, enable two-factor authentication, and remain vigilant against suspicious communications that request sensitive information. Awareness and proactive measures are essential in protecting against these types of attacks.
PostFinance Introduces Crypto Staking, Expanding Digital Asset Offerings
Swiss state-owned bank PostFinance has added cryptocurrency staking to its digital asset services, becoming the first systemically important bank to