By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: Crypto exec warns of ‘ELUSIVE COMET’ threat after losing 75% of assets
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Crypto > Crypto exec warns of ‘ELUSIVE COMET’ threat after losing 75% of assets
Crypto

Crypto exec warns of ‘ELUSIVE COMET’ threat after losing 75% of assets

By Viral Trending Content 4 Min Read
Share
SHARE

The chief executive of non-fungible token platform Emblem Vault is warning X users to be wary of the video meeting app Zoom after a nefarious threat actor known as “ELUSIVE COMET” recently stole over $100,000 of his personal assets. 

On April 11, Emblem Vault CEO, podcaster and NFT collector Jake Gallen said on X that he had been battling a “complete computer compromise” that ended up with a loss of Bitcoin (BTC) and Ether (ETH) assets from different wallets. “Unfortunately, this led to $100k+ in purchased digital assets being lost,” he said. 

Days later, Gallen said he had been working with cybersecurity firm The Security Alliance (SEAL) to track an ongoing campaign against crypto users by a threat actor identified as “ELUSIVE COMET.”

Gallen said the scam was facilitated by the video conference platform Zoom, which resulted in his crypto wallet being drained. 

“We were able to retrieve a malware file that was installed on my computer during a Zoom call with a YouTube personality of over 90k subs,” said Gallen on April 14. 

The malicious actor “employs sophisticated social engineering tactics with the goal of inducing victims into installing malware and ultimately stealing their crypto,” SEAL reported in late March.

<p><em>Source: </em><a data-ct-non-breakable="null" href="https://x.com/jakegallen_/status/1911834004690751955" rel="null" target="null" text="null" title="https://x.com/jakegallen_/status/1911834004690751955"><em>Jake Gallen</em></a></p>

Gallen said he’d arranged an interview after being contacted by “Tactical Investing,” a verified X account claiming to be the founder and CEO of Fraction Mining. However, during the interview, Tactical Investing left their screen switched off while Gallen’s was on, enabling the installation of malware called “GOOPDATE,” which stole credentials and accessed his crypto wallets. 

Cointelegraph reached out to the X account for comment.

Zoom remote access threat

“For this scam to take place, its said that the guest of the Zoom video call allows remote access to the host of the call, which is a requestable feature that is DEFAULT ON for every Zoom account,” said Gallen.

NFT collector Leonidas confirmed the default settings and advised those in the crypto industry to prevent remote access. 

“If you don’t do this, anybody who is on a Zoom call with your employees can take over their entire computer by default,” he said. 

<p><em>Source: </em><a data-ct-non-breakable="null" href="https://x.com/LeonidasNFT/status/1910763050518401128" rel="null" target="null" text="null" title="https://x.com/LeonidasNFT/status/1910763050518401128"><em>Leonidas</em></a></p>

SEAL security researcher Samczsun told Cointelegraph that Zoom, by default, allows meeting participants to request remote control access. “At this point in time we believe the victim still needs to be social engineered into granting access,” they said. 

Cointelegraph reached out to Zoom for comments but did not receive an immediate response. 

Related: Crypto founders report deluge of North Korean fake Zoom hacking attempts

Gallen also stated that the hackers accessed his Ledger wallet even though he had only logged in a few times over the three years and had never written the password down anywhere digitally. 

They also hacked his X account in an attempt to lure in other victims through private messages. 

SEAL reported that ELUSIVE COMET is known to operate Aureon Capital, which claims to be a legitimate venture capital firm. The threat actor is responsible for “millions of dollars in stolen funds” and poses a significant risk to users due to their “carefully engineered backstory,” the firm noted. 

Samczsun advised users who have interacted with Aureon Capital to contact SEAL’s emergency hotline on Telegram. 

Magazine: Bitcoin eyes $100K by June, Shaq to settle NFT lawsuit, and more: Hodler’s Digest

You Might Also Like

Polymarket Sees Record $153M Daily Volume After Chainlink Integration

Elon Musk’s xAI sues Colorado arguing its AI rules restrict speech

OKX Ventures, HashKey back VPBank-linked CAEX for Vietnam crypto pilot push

Bitcoin Figure Adam Back Denies Being Satoshi Nakamoto

CIA to integrate AI ‘co-workers’ to process intelligence, catch spies

TAGGED: Crypto, Crypto News, News
Share This Article
Facebook Twitter Copy Link
Previous Article Jury selected for Sarah Palin’s libel suit against The New York Times
Next Article EU explores legal options for ending Russian gas deals
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
Business
Apple AI Pin Specs Leak: Dual Cameras, No Screen & More
Tech News
A ‘glass-like’ battlefield: German Army chief on the future of warfare
World News
Polymarket Sees Record $153M Daily Volume After Chainlink Integration
Crypto
Natasha Lyonne Then & Now: See Before & After Photos of the Actress Here
Celebrity
Cult Hit Doki Doki Literature Club Fights Removal From Google Play Store Over ‘Depiction Of Sensitive Themes’
Gaming News
Dead as Disco Launches Into Early Access on May 5th, Groovy New Gameplay Released
Gaming News

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Investing £5 a day could help me build a second income of £329 a month!

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
April 10, 2026
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?