Safary Hack, Paid Post Explains How to Avoid the Losses...
Safary Hack, Paid Post Explains How to Avoid the Losses...
Level 1 - NGMI
If you’re new to crypto, or even if you’re not, it’s time to dig up our evergreen content on inspecting any DeFi transactions before approving them with your hardware wallet.
We’re reminding you of this because of a series of frontend attacks which have compromised DeFi protocols including Trader Joe and Velodrome.
A frontend attack means that the website used by a protocol gets replaced with malicious code. This allows the attacker to submit an instruction to transfer your wallet balance to an address they control. This appears as a normal Metamask prompt when you interact with the website.
Unless you know how to read transactions and are diligent, you wouldn’t spot the difference and could easily approve a transaction which steals all your funds.
Even smart people and crypto natives like Nexus Mutual founder Hugh Karp have lost millions to this simple hack.
Learn How To Protect Your Money Now (Before You Touch Your Crypto!)
Our resident security expert warned about this attack in general, and alerted his suspicions about “Safary” in particular, a few weeks before funds were drained.
Trader Joe have officially confirmed that the November exploit was due to Safary.
We warn you before something important happens.
Avoid losing your computer coins to hacks or eat the bugs…
Disclaimer: None of this is to be deemed legal or financial advice of any kind. These are opinions from an anonymous group of cartoon animals with Wall Street and Software backgrounds.
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Would be interested in thoughts on the security of the Creso smart wallet for defi purposes, can't even tell if it's active yet, though their token is trading.