- May 4, 2023
- Posted by: [email protected]
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According to a recent report by Privacy Affairs, a data security provider, hacked and verified cryptocurrency accounts remain the most expensive type of hacked account being sold on the dark web, despite their prices dropping significantly. Cybercriminals are selling verified cryptocurrency accounts on the dark web for as little as $30. The data shows that the prices for hacked Kraken and Binance accounts in 2022 were $260 and $250, respectively, while in 2023, the prices increased to $1,170 and $410, respectively. The report highlighted that the rise in hacked cryptocurrency account prices demonstrates a growing interest from cybercriminals in evading know-your-customer (KYC) measures on cryptocurrency exchanges.
The research also indicated that other hacked accounts are being sold on the dark web, including account information for credit cards with balances up to $5,000, which are sold for just $110. Additionally, login credentials for online bank accounts with balances up to $2,000 are sold for $60. Social media accounts, such as hacked Facebook, Airbnb, and Gmail accounts, are also up for sale, with prices starting as low as $25.
Privacy Affairs security researcher Miklos Zoltan said that the prices paid for hacked accounts reflect how much personal information is worth to criminals. Zoltan added that people must be more cautious with their personal information than ever before.
Cyberattacks on popular cryptocurrency exchanges have become a growing problem in the industry. Recently, a Coinbase customer filed a lawsuit against the company after losing “90% of his life savings” following a SIM swap attack. In this type of scam, scammers trick the telecommunications provider into linking a victim’s phone number to their own SIM card, giving them control of the number and access to the victim’s accounts.
In summary, the prices of hacked, verified cryptocurrency accounts remain the highest among all types of hacked accounts being sold on the dark web, despite their prices dropping significantly. Hackers are taking advantage of the high demand for these accounts to evade KYC measures on popular cryptocurrency exchanges. It is important for people to be cautious with their personal information, as these accounts can be used for illicit activities that can result in significant financial losses.
