The scam lures victims to download fake front-running bot software that swipes their assets once they try to initiate a transaction.
Category Archives: CertiK
The blockchain security firm has uncovered a new tactic used by crypto scammers as the industry continues to improve its fraud detection capabilities.
The level of security provided by SMS pales in comparison to authenticators or physical security keys, CertiK's Jesse Leclere says in an interview.
According to CertiK, investors should be highly skeptical of free NFT giveaways, as well as small peculiarities in sites they interact with.
The amount exploited this year so far surpasses the total amount stolen in all of 2020 and 2021 combined, with the month of March alone beating 2020 by over $200 million.
While projects cannot wholly prevent bad actors from infiltrating the DeFi realm, security specialists say there are ways to deter such practices.