• Latest
  • Trending
Telegram hacks target wealthy crypto funds

Telegram hacks target wealthy crypto funds

December 12, 2022
Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

September 5, 2025
Meta Brings Back Facebook Poke with Emojis and Streaks

Meta Brings Back Facebook Poke with Emojis and Streaks

September 5, 2025
Know why they’re calling: Truecaller launches AI-powered insights

Know why they’re calling: Truecaller launches AI-powered insights

September 5, 2025
Visa harnesses local partnerships to launch Visa Pay in DR Congo

Visa harnesses local partnerships to launch Visa Pay in DR Congo

September 5, 2025
Betika denies recent reports of security breach

Betika denies recent reports of security breach

September 5, 2025
10 things you can actually buy with crypto in Africa

10 things you can actually buy with crypto in Africa

September 5, 2025
CBE seals deal with Botim to enhance remittance services for Ethiopians living in UAE

CBE seals deal with Botim to enhance remittance services for Ethiopians living in UAE

September 5, 2025
Nigeria Senate, SIBAN push for crypto regulation to boost digital economy

Nigeria Senate, SIBAN push for crypto regulation to boost digital economy

September 5, 2025
Mamo Mihretu Resigns as Governor of Ethiopia’s Central Bank

Mamo Mihretu Resigns as Governor of Ethiopia’s Central Bank

September 5, 2025
Paratus Group introduces first private mobile network using LTE and 5G in Namibia

Paratus Group introduces first private mobile network using LTE and 5G in Namibia

September 5, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

Telegram hacks target wealthy crypto funds

Modupeoluwa Olalere by Modupeoluwa Olalere
December 12, 2022
141 9
0
Telegram hacks target wealthy crypto funds
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

The Microsoft (MSFT) Security Intelligence team has discovered that hacker DEV-0139 has been using Telegram group chats to target wealthy cryptocurrency funds.

Investment funds and rich traders find it very difficult to deal with cryptocurrencies due to exchange fees. They must be improved to lessen the impact on margins and profits as they are identified as a cost. The majority of costs are a result of fees that cryptocurrency exchanges impose on transactions.

Read also: Cybercrime Ravages Cryptocurrencies

Hackers target Telegram conversations

Hackers seek to exploit this issue to steal crypto-target money. DEV-0139 joined several Telegram channels with prominent investors and exchanges for communication. They targeted these group members. The Microsoft research assessed OKX, Huobi, and Binance exchanges.

DEV-0139, portraying themselves as exchange workers, invited the targets to a totally different chat group and pretended to solicit comments on the transaction fee models adopted by various cryptocurrency exchanges. They then began a debate to develop mutual solidarity and use their extensive industry expertise and swift zeal to entice victims progressively.

RelatedPosts

One year after arrest, Telegram founder Pavel Durov says French case remains baseless

Ethiopia suspends new crypto mining power deals to protect domestic supply

Kenya shuts down TV networks, blocks Telegram to quell anti-government protests

DEV-0139 then emailed a weaponized Excel file with legitimate bitcoin exchange fee information to boost their credibility.

The Excel file used a malicious program to retrieve data and drop another Excel sheet. In invisible mode, this sheet downloaded a picture file with three executables: a legitimate Windows file, a malicious DLL file, and an XOR-encoded back door.

DLLs contain code and data that multiple programs can use. XOR encryption, on the other hand, is hard to brute-force. Using the back door, the hacker accessed the infected system remotely. DEV-0139 may have run other campaigns using similar methods, according to Microsoft.

Microsoft stated: 

“To find the targets, the threat actor looked on Telegram for people who were in cryptocurrency investment groups. In this attack, DEV-0139 got in touch with their target on October 19, 2022, by creating a second Telegram group called NameOfTheTargetedCompany> > OKX Fee Adjustment and inviting three employees. 

“The threat actor used information from employees of the company OKX to make fake profiles. The report says, “The screenshot below shows the real accounts and malicious accounts for two of the users in the group.”

The Explosive Growth of Blockchain Funding and Cryptocurrency in Africa

Crypto Investors Need Caution

Investors in cryptocurrencies should take note of this strong warning as attackers are prowling the market in search of opportunities. The market has suffered greatly as a result of several catastrophic and unheard-of occurrences. The sector’s many turns have left traders bewildered and apprehensive.

The information that these attackers used Telegram conversations is a strong indicator and cautionary note for cryptocurrency traders who are careless and oblivious to suspicious activity. Investors in cryptocurrencies need to be vigilant and always prepared to scrutinize any offer or move in order to avoid incurring needless losses.

Tags: CryptohackerTelegram
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.