8 hacker tactics to be aware of when protecting your crypto assets
Crypto security is one of the hottest topics for investors and companies actively working on creating better security solutions for the Web3 industry. Web3 Antivirus was created in an effort to make wallet security more accessible to all users in the space. The company offers a browser extension that helps users monitor wallet interactions and spot potential scams and malicious activity before investors fall victim to them.
Below are the most common crypto scams and malicious tactics, and how to protect against them below as found through the experience of developing Web3 Antivirus.
Hacker tactics: While on a malicious site, the user can sign a transaction that grants access to all of their assets instead of making an NFT purchase transaction. The scammer would then be able to empty the user’s wallet, stealing assets for which access permission has been granted.
User counter tactic: Users should keep a close eye on the transactions they make and the sites they interact with. They should clearly understand what the outcome of the transaction would be. Tools like Web3 Antivirus can simulate a transaction in a secure environment and clearly show what will happen if the user proceeds with it.
Hacker tactics: For example, a phishing site asks the user to sign a message (it can be disguised as a wallet connect) to list NFTs owned by the user for sale on OpenSea. Since this is not a transaction but just a message, the user can easily overlook what it says, sign the message, and lose their tokens as a result.
If the user has previously traded on OpenSea, the scammer only needs to get the user to sign a message to put their NFTs up for sale for almost zero value. If the user has not traded on OpenSea before or access to their NFTs is
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