Wednesday, March 7, 2018

Dump the middleman

Some of the affected users are adamant that they have never used the Binance API, but the exchange’s CEO attributed this to previous phishing attacks. More sophisticated than a conventional phishing attack, this instance would steal a user’s login details via a virtually indistinguishable URL then redirect them to the real Binance site. The attacker would have been none the wiser that their account had been compromised until today.
Quite a phishing attack.  Why is the exchange using a web interface, a javascript browser, to collect keys?  Think. The end point will be direct message from secure element to secure element.

We need an intermediate  method, hmm. The trader needs a mechanism that checks URL before delivering any key.

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