It’s never a good start to the day when I wake up and the first thing that hits my crypto feeds is about a large-scale attack. That’s already been downloaded in excess of a billion times and threatens all blockchains from Bitcoin to Ethereum to Solana and Tron.
A billion downloads.
Not exactly some minnow exchange getting hacked for a couple million dollars.
So, what is this all about?
Well, it appears that hackers phished their way into a popular developer’s account and slipped malicious code into everyday internet tools such as JavaScript used by thousands of apps.
There’s a full-blown report on it if you’re into the nitty-gritty technical nature of it, but for most people, the detail is irrelevant.
What’s key here is this malicious code now sits inside the invisible pipes behind wallets, exchanges and DeFi sites.
It’s called a crypto-clipper — malware designed to steal coins by covertly swapping wallet addresses or hijacking transactions.
Thankfully, reports are that the attack has only netted the attacker around five cents of ETH and $20 of a dead memecoin[1].
But there is a question that remains due to the size and scale of this attack…
This tech company grew 32,481%...
No, it's not Nvidia… It's Mode Mobile, 2023’s fastest-growing software company according to Deloitte.
Their disruptive tech, the EarnPhone and EarnOS, have helped users earn and save an eye-popping $325M+, driving $75M+ in revenue and a massive 50M+ consumer base. And having secured partnerships with Walmart and Best Buy, Mode’s not stopping there…
Like Uber turned vehicles into income-generating assets, Mode is turning smartphones into an easy passive income source.The difference is that you still have a chance to invest in Mode’s pre-IPO offering before the window closes.
They’ve just been granted the stock ticker $MODE by the Nasdaq and only a limited amount of space is left in the opportunity.
If you’re an ordinary crypto user holding funds on a reputable exchange, or you only interact through hardware wallets like Ledger or Trezor, you’re very unlikely to be directly hit. Those layers act as strong firewalls.
The highest risk is to developers or projects who unknowingly pulled in the compromised code into websites or Apps. That could expose users if they interact through browser wallets like MetaMask, Phantom, or Coinbase Wallet.
The Chief Technology Officer from Ledger, Charles Guillemet, had this to say on X.com about the attack[2],
‘If you use a hardware wallet, pay attention to every transaction before signing and you're safe. If you don’t use a hardware wallet, refrain from making any on-chain transactions for now.’
Not exactly reassuring, I know. But in general, if you apply several steps in your crypto transactions and dealings, you can ensure that even with this attack in play, you remain safe.
What You Need to Do
Don’t panic: Your funds aren’t automatically at risk. It doesn’t appear that funds are being stolen, and now it’s known, it will get fixed quickly.
Always verify addresses: Check every single character of every address you send to. Don’t just trust copy-and-paste. Furthermore, unless you desperately need to transfer funds, for the short term it won’t hurt just to pause until safety is guaranteed.
Use hardware wallets: Devices like Ledger and Trezor display the destination address on-screen before you approve. It enables you to closely check all addresses. That’s your final line of defence.
Update your wallets: MetaMask, Phantom and hardware wallet providers push fixes quickly. Run the latest version. Check for updates ongoing.
Keep funds separated: Store trading capital in hot wallets but move long-term holdings into cold storage.
Crypto is becoming financial infrastructure and as we know, it’s already a multi-trillion asset class.
That makes it a massive target. This hack shows the danger isn’t always a phishing link or dodgy Telegram DM. Sometimes it’s hidden in the code beneath the apps you already trust.
So, while you don’t need to panic, this is a reminder that attacks are real, sneaky, and aimed directly at compromising the entire crypto ecosystem.
Thankfully this was a huge attack, poorly executed, and has been picked up quickly.
That means while yes, it’s the biggest attack in history of its kind, it’s also done the least damage.
Disclaimers: Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. Mode Mobile has filed a Form C with the Securities and Exchange Commission in connection with its offering, a copy of which may be obtained here: https://www.sec.gov/Archives/edgar/data/1748441/000164117225025402/ex99.pdf
“threatens all blockchains from Bitcoin to Ethereum to Solana and Tron.” Why?
There’s only one way to get the masses on some form of CDBC / Digital Currency.
Collapse the markets masking money! This is where, $38 trillion dollars in debt, excluding unfunded liabilities, must go!
Any crisis is when the masses line-up and take the bait. One more step is needed before we’re all under the thumb of a Technocratic-Control “Surveillance-State!”
“threatens all blockchains from Bitcoin to Ethereum to Solana and Tron.” Why?
There’s only one way to get the masses on some form of CDBC / Digital Currency.
Collapse the markets masking money! This is where, $38 trillion dollars in debt, excluding unfunded liabilities, must go!
Any crisis is when the masses line-up and take the bait. One more step is needed before we’re all under the thumb of a Technocratic-Control “Surveillance-State!”
Welcome to America, 1984 style which will be:
“game, set, match!”