BitPay Issues Coinbitclip Trojan Warning over Suspicious Bitcoin Transactions

Bitcoin users always need to be on their toes when accessing their wallet or completing payments. A recent statement by BitPay shows how some purchases have been affected by a Trojan Horse, called Coinbitclip.

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Coinbitclip can Alter Bitcoin Transaction Details

When dealing with Bitcoin transactions, most users tend to rely on the clipboard service of their device to fill in a recipient address. For computer users, Ctrl+c and Ctrl+V action is part of day-to-day usage, as there is nothing more convenient than copying and pasting text and information without much hassle.

But this is where users are also most vulnerable these days, as a new Trojan Horse is making the rounds. Coinbitclip, as this virus is called, will attack a computer’s clipboard. For example, when Bitcoin users copy and paste a Bitcoin address, the Trojan Horse will change this copied address to one belonging to the assailant. In most cases, these two addresses look incredibly similar, and most people won’t notice the difference until it is too late.

It is important to note this Trojan Horse has not infected any specific Bitcoin wallet or payment system

Read more ... source: TheBitcoinNews