In the latest type of crypto-focused attacks, an attacker known as DEV-0139 has targeted wealthy cryptocurrency funds through the use of Telegram group chats, Microsoft's Security Intelligence team said in a report on Wednesday.

Fees levied by crypto exchanges on transactions are a big challenge for investment funds and wealthy traders. They represent a cost and must be optimized to minimize the impact on margins and profits. Like many other companies in this industry, the largest costs come from fees charged by exchanges.

The attacker or group of attackers capitalized on this specific problem to lure their crypto fund targets.

(By Shaurya Malwa)