Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
SlowMist, a blockchain security firm in China, has uncovered a scam that has been affecting Centralized Exchange (CEX) platforms for years. Cybercriminals have been sending false deposit requests to exchange wallet addresses, and the exchange mistakenly credits digital assets into the attacker’s account without detecting the false data. This loophole has been exploited by many cybercriminals, and SlowMist has emphasized the need to address this vulnerability as the complex mechanism of the scam makes it difficult to detect for exchanges.
