Crypto Security Basics

Phishing is one of the biggest threats in crypto today. It does not rely on hacking blockchains or breaking encryption. It relies on tricking people (social engineering).

A compromised version of the Trust Wallet Chrome extension was released to users, containing malicious code that harvested sensitive wallet data. This version, identified as 2.68, was distributed through the Chrome Web Store and silently stole the seed phrases of users who unlocked or imported wallets. 

A crypto trader lost $50 million in an address poisoning attack recently. Address poisoning is one of the fastest-growing crypto scams, and it does not rely on hacking, malware, or broken blockchains.