Guarda wallet hacked
What you will discuss:
2021 kicks off with some pretty mixed news. On the one hand, cryptocurrencies are growing. On the other hand, hackers are becoming more active, who now and then strive to hack user accounts and get some digital savings. Such aspirations, it turned out, helped hackers to open the Guarda wallet and withdraw funds from its users right on New Year’s Eve. On December 30, a major attack took place, as a result of which ordinary account holders lost quite large sums. Next, we will tell you what exactly is known about the attack on Guarda and how this event will affect the wallet’s reputation. So let’s get started.
First of all, it is necessary to recall the basic provisions known about this wallet. The fact is that this site, despite its relatively high popularity, still for many users remains in the shadow of more well-known resources. Nevertheless, Guarda enjoys a reputation as a reputable resource, with a proven concept and a decent level of security. But, as practice shows, even a serious wallet can be hacked with the appropriate approach. A successful digital attack was carried out by unknown hackers who attacked the service on December 30 using a rather non-trivial approach. According to the most conservative estimates, the attackers managed to steal 26 Bitcoins, 400 Ethereum units, and a few other altcoins.
But don’t worry, users are promised a refund for any lost funds. To recover the stolen funds, the service has issued a separate recovery program. Which we will discuss in the sections below. For now, let’s analyze the details of the attack. After all, as representatives of the service say, a real criminal pact was concluded for its implementation.
How did hackers gain access to wallets?
DNS spoofing was used to carry out the attack. Recall that DNS records are information received from the provider and, if such data is replaced, theoretically, the site can be supplied with infected files. Which will lead to hacking of the platform. Something similar happened, according to the Guarda, due to the negligence of their business partners. In its work, the wallet uses the hosting services of GoDaddy, which, according to the representatives of the wallet, either intentionally collaborated with hackers, or admitted phenomenal incompetence. In any case, the details of what happened have yet to be clarified. However, the company insists on its innocence and blames Internet service providers for everything. It is noteworthy that the GoDaddy hosting has already been caught in links with cybercriminals.
The incident took place on November 21. But then there were no complaints about the service, since the hosting also suffered from a phishing attack. At the moment, the wallet intends to file a class action lawsuit against the hosting. The regional police are connected, the investigation is underway. The engineers say the main argument in favor of GoDaddy’s guilt is the refusal to block access to the hacked site. The provider allegedly deliberately did not turn off the resource, although the corresponding requests from the owner were received so that the hackers had time to withdraw their digital savings. By the way, how to recover the lost funds? Let’s figure it out.
Compensation program and the future of Guarda
It cannot be ruled out that the wallet has simply become a victim of unscrupulous partners. If the accusations of the resource representatives are confirmed, the project will not suffer serious damage to its reputation and will continue to work quietly. It is the matter of time. In the meantime, representatives of the resource have released an appeal. Which tells how clients’ funds will be restored. In short, the project guarantees full recovery of funds if up to 2 thousand dollars are stolen from you. If the amount of losses is from 2 to 10 thousand, the return of half of the lost assets in Bitcoins is guaranteed. With a loss of more than 10 thousand, the service will reimburse 20% of the lost funds. Payments will start as soon as possible.
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