When precious metals enter a strong upward trend, related on-chain assets also become new targets for attacks. ⚠️ Granting unlimited permissions to a malicious contract once caused an investor to lose over $3 million (XAUt + SLVon) 💸 Remember these three security habits: 🚫 Only authorize what you will use; never grant unlimited permissions. 🧹 Regularly check and clear your authorization history to avoid forgetting. 🛡️ Before signing, carefully check the recipient and the amount; use Keystone's offline screen for confirmation for added security.
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Cointelegraph
@Cointelegraph
01-21
A wallet-draining incident detected by @web3_antivirus resulted in the loss of over $3M from a single address.
The attack began after the wallet approved a malicious contract, which was immediately followed by multiple transactions executed across consecutive blocks, with XAUt
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