Chinese Hackers, Software Crashes, and User Lapses Spark Mobile Security Crisis with Crypto Event Risks, Kraken CSO Warns

Cybersecurity investigators have identified a mobile security crisis involving a series of unusual software crashes affecting smartphones used by individuals in government, politics, technology, and journalism. The issue, which began in late 2024, has been linked to Chinese hackers exploiting vulnerabilities alongside user security lapses. Experts have warned that these combined threats are compromising smartphone security, particularly in sensitive sectors. Additionally, concerns have been raised about poor security practices at cryptocurrency events, including unlocked phones, suspicious QR codes, and risky Wi-Fi usage. Kraken's Chief Security Officer Nick Percoco advised the use of burner wallets and heightened vigilance to mitigate risks.