Beware Of Crypto Drainer, Malware That Steals Singaporeans' Digital Assets

Cryptoware Mallware Drainer threatens the owner of a cryptocurrency from Singapore. (Photo; Doc. Block Publisher)

JAKARTA - Digital assets such as cryptocurrencies are increasingly in demand by many people, both as an investment and a means of payment. However, behind the huge potential of profits, there is also a risk of security lurking. Singapore Police and Singapore's Cyber Security Agency (CSA) recently issued a joint warning about the threat of malware called crypto-drainer.

Crypto drainage is a malware designed specifically to drain digital assets from victims' crypto wallets. This malware is usually distributed via phishing attacks, where victims are sent fake links or emails that direct them to fake websites. On the website, victims are required to enter personal information or allow transactions that actually harm them.

"Perpetrators of cyber crimes are increasingly using crypto-drainers to target crypto wallet owners as cryptocurrencies are increasingly popular with the use of cryptocurrencies and their dollar value increases," authorities said in their warning.

According to data from cybersecurity firm SentinelOne, crypto-drainer has managed to steal millions of US dollars from victims around the world. Several examples of famous crypto-drainers are Venom, Inferno, and Pink, each of which has drained assets worth USD 27.5 million (IDR 433.3 billion), USD 29 million (IDR 456.4 billion), and USD 3 million (IDR 47.2 billion).

To avoid becoming a victim of crypto-drainer, authorities advise crypto owners to take the following preventive measures:

By following the steps above, you are expected to protect your digital assets from the threat of crypto-drainer. Authorities also advise the public to always be vigilant and careful in transacting with cryptocurrencies.