Threat actors could choose using BNB Smart Chain contracts over Ethereum since they are less expensive and are seen to have less security, according to cybersecurity experts from 0xScope and CertiK.
Cybersecurity experts have discovered that, despite going by the moniker “EtherHiding,” the new attack vector that conceals harmful code in blockchain smart contracts has nothing to do with Ethereum.
EtherHiding has been identified as a new method by which malevolent actors might conceal dangerous payloads inside smart contracts, with the ultimate objective of infecting gullible people with malware, as Cointelegraph reported on October 16.
It is known that these attackers often like utilising Binance’s BNB Smart Chain.
Why hackers could choose Binance’s BNB Smart Chain using EtherHiding,Why hackers could choose Binance’s BNB Smart Chain using EtherHiding
Joe Green, a security researcher at the blockchain security company CertiK, told Cointelegraph that the majority of this is because BNB Smart Chain is less expensive:
To avoid detection, the attackers regularly alter website domains and modify malware payloads. According to Green, this enables them to constantly provide victims with new malware downloads that are passed off as browser upgrades.
Due to technologies like Infura’s IP address tracking for MetaMask transactions, hackers may have a higher chance of being discovered if they inject their malicious code using Ethereum, they claimed.
The 0xScope team informed Cointelegraph that they have lately monitored the transfer of funds between Ethereum and BNB Smart Chain hacker accounts.
According to the research, key addresses were connected to Copper custody services and users of the NFT marketplace OpenSea.
Every day, payloads were updated across 18 hacker domains that were found. The company found that EtherHiding is difficult to identify and stop due to its intricacy.
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