Can real-time transaction simulations prevent scammers from stealing crypto assets?
A better insight into wallet permissions and transaction flow can protect crypto users from phishing scams. This year was a turbulent one for the whole crypto space. From NFTs to DeFi and exchanges, all areas of the industry felt the cold blows of crypto winter. Unfortunately, such an unfavorable climate is the perfect breeding ground for scammers to exploit distressed investors’ crypto wallets. The most recent examples of crypto Scams include hackers stealing NFTs through over 500 fake Phishing domains, while robocallers started targeting FTX customers in the aftermath of the exchange’s crash. Such malicious attacks have become an everyday occurrence in the space, and the crypto community is actively working on protective measures. On one hand, investors are becoming wearier when interacting with Web3 domains and signing off access to their crypto wallets. On the other hand, up-and-coming teams are developing tools to give investors more ways to protect themselves against malicious