Malicious Smart Contracts

  • Just like traditional software applications, a dApp may also contain vulnerabilities.
  • These may sometimes be accidentally introduced through inexperienced or careless developers or intentially by more malicious parties.
  • A malicious smart contract may attempt to trick you into paying an exorbitant amount of crypto to the contract/address or transfer your other assets/NFTs against your will.
  • Enabling 2 Factor and using a Hardware Wallet are critical steps to prevent being vulnerable to these exploits.
  • Use empty wallets for minting new projects to reduce the potential impact in case you do get compromised.
  • Always be safe and vigilant and share info with others when unsure as to how safe a particular action may be.

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