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	<title>Domenic Iacovone &#8211; Crypto Market Insights: Dive In with CryptoUpdate.io</title>
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		<title>Rs 5 Crore of Crypto Wallet Wiped out Completely in Few Seconds</title>
		<link>https://cryptoupdate.io/2022/04/21/rs-5-crore-of-crypto-wallet-wiped-out-completely-in-few-seconds/</link>
					<comments>https://cryptoupdate.io/2022/04/21/rs-5-crore-of-crypto-wallet-wiped-out-completely-in-few-seconds/#respond</comments>
		
		<dc:creator><![CDATA[Chavy S.]]></dc:creator>
		<pubDate>Thu, 21 Apr 2022 06:20:40 +0000</pubDate>
				<category><![CDATA[Cryptocurrency Trading]]></category>
		<category><![CDATA[Crypto Security]]></category>
		<category><![CDATA[Crypto wallet]]></category>
		<category><![CDATA[Domenic Iacovone]]></category>
		<category><![CDATA[MetaMask]]></category>
		<guid isPermaLink="false">https://cryptoupdate.io/?p=4587</guid>

					<description><![CDATA[<p>The crypto trader has become the victim of this scam, this also resulted to lose $650,000 worth of the crypto currency &#038; NFT. This incident is shared through the trader. Domenic Iacovone get the complete crypto wallet to be stripped off by the scammers. Domenic also have store the digital assets on the crypto currency [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptoupdate.io/2022/04/21/rs-5-crore-of-crypto-wallet-wiped-out-completely-in-few-seconds/">Rs 5 Crore of Crypto Wallet Wiped out Completely in Few Seconds</a> appeared first on <a rel="nofollow" href="https://cryptoupdate.io">Crypto Market Insights: Dive In with CryptoUpdate.io</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>crypto</a> trader has become the victim of this scam, this also resulted to lose $650,000 worth of the <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>crypto</a> currency & NFT. This incident is shared through the trader. Domenic Iacovone get the complete <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>crypto</a> wallet to be stripped off by the scammers. Domenic also have store the digital assets on the <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>crypto</a> currency wallet known as MetaMask. Explaining such incident, they shared. Apparently, the Domenic receive a phone call which also led to such incident.</p>



<p>However, <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>crypto</a> trader receives the multiple messages to reset the Apple ID & his password. Brushing completely off as the scam attempts, Domenic do not pay the heed. Following it, he receives the call from the Apple Inc. This call is receiving on iPhone & the number is associate along Apple. This also made believe that call is quite genuine.</p>



<p>People get the phone call from Apple, factually from the Apple (on caller ID). Known as it is back as it was suspect fraud and it is apple number so it is believing. The person, mentions that Domenic that the account is also compromise this they need the OTP. It ensures the authenticity of the credentials. It also gave them OTP; his account is wipe off of various digital assets that store on MetaMask.</p>



<h2 class="wp-block-heading" id="h-crypto-security-is-crucial"><a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>Crypto</a> Security is crucial</h2>



<p>The advisor of <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>crypto</a> security took cognizance of matter and also share the additional details related to incident. This includes screenshots of various Domenic phone.</p>



<p>According to the Serpent, there is also some seed phrase, which is the 12-digit number. This should never be share with anyone. The seed phrase is single way to access the <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>crypto</a> wallet. Moreover, <a href="https://cryptoupdate.io/2022/04/18/metamask-warns-apple-users-over-icloud-phishing-attacks/">MetaMask </a>stores the seed phrase file from iCloud that scammers get access to the Domenic&rsquo;s wallet. Subsequently, all they require was the <a href="https://en.wikipedia.org/wiki/One-time_password" rel="nofollow noopener" target="_blank">OTP</a> that is on the phone. Before such incident, service of <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>crypto</a> wallet not reveal that they store file of seed phrase on iCloud</p>

<p>The post <a rel="nofollow" href="https://cryptoupdate.io/2022/04/21/rs-5-crore-of-crypto-wallet-wiped-out-completely-in-few-seconds/">Rs 5 Crore of Crypto Wallet Wiped out Completely in Few Seconds</a> appeared first on <a rel="nofollow" href="https://cryptoupdate.io">Crypto Market Insights: Dive In with CryptoUpdate.io</a>.</p>
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