How browser wallet permissions were utilized in the latest LinkedIn job scams

Crypto investors lost a significant amount of digital assets after falling into a sophisticated phishing scam disguised as a LinkedIn job interview. While applying for work on LinkedIn, the victim is “Recruiter” It claims to represent the top three web companies. What began as a standard job application process quickly turned into a costly mistake.

After standard before and after, recruiters sent out a link to the test interview. The victim, pushed against a countdown timer and misled by a technical prompt, unconsciously enabled the permission to publish the browser wallet.

The outcome was a complete compromise. The attackers have exhausted several high-value NFTs, including investors Ethereum (ETH), Solana (SOL), and collectibles from the Azuki and Beans series.

Social Engineering Tactics are currently targeting wallet permissions

Unlike traditional hacking methods, attackers are increasingly exploiting trust through social engineering. In this case, it was not malware or brute force that allowed theft. It was a carefully crafted interaction.

This LinkedIn scam demonstrates the importance of separating employment hunting from financial activities. Changpeng Zhao, former CEO of Binance, warns users to use another device for wallet activity to allow high-risk permissions or avoid installing unsafe apps.

In April, $364 million was seen in crypto fraud. 1,163% spikes

Job interview fraud was just one of many attacks that plagued in April. In April alone, losses from fraud, hacking and exploits surged to $364 million, up 1,163% from $28.8 million in March, according to Certik.

One event was responsible for most of the damage. Older American investors were worth more than $330 million from 3,520 Bitcoin. However, even after excluding that case, April still had a 21% increase in malicious activity over the previous month.

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White hats collect over $18 million

Despite the surge in attacks, the White Hat Hackers and the security team were able to recover $18.2 million from the stolen funds. One major recovery included Kiloex, a decentralized exchange that was exploited through Oracle price manipulation. Binance’s security team and other teams responded quickly, tracking down the attacker and recovering 90% of the $7.5 million stolen.

Related: Check out the copy pasta: Kaspersky’s details Crypto Clipboard Hijacker

Zksync and loop scale successfully negotiated partial recovery with attackers who accepted the 10% White Hat Award.