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Here are the most common tactics scammers employ when targeting crypto users and their wallets. Crypto security is one of the hottest topics for investors and companies actively working on creating better security solutions for the Web3 industry. Web3 Antivirus was created in an effort to make wallet security more accessible to all users in the space. The company offers a browser extension that helps users monitor wallet interactions and spot potential scams and malicious activity before investors fall victim to them. Below are the most common crypto scams and malicious tactics, and how to protect against them below as found through the experience of developing Web3 Antivirus. Malicious transactions Hacker tactics: While on a malicious site, the user can sign a transaction that grants access to all of their assets instead of making an NFT purchase transaction. The scammer would then be able to empty the user’s wallet, stealing assets for which access permission has been granted. User...

Professionals working in the Web3 space shared various ways and tools that can help users prevent NFT theft. In this week’s newsletter, read about how Moonbirds founder Kevin Rose lost nonfungible tokens (NFTs) worth more than $1.1 million. Find out why an NFT collector is suing NFT marketplace OpenSea over locking his account for three months and how the Porsche NFT collection gained almost $5 million in sales volume , despite a failed launch. In other news, find out how NFT trademarks could potentially be a reliable signal for NFT traders. Lastly, professionals within the Web3 space shared various ways to combat NFT theft.  Moonbirds creator Kevin Rose loses $1.1M+ in NFTs after one wrong move Moonbirds co-founder Kevin Rose lost over $1.1 million in NFTs after falling victim to a phishing scam. According to various analysts, Rose approved a malicious signature that let the attacker transfer tokens from his wallet. An on-chain analyst named “Quit” on Twitter said that the malicious...

Dogecoin started off as a joke currency or meme coin in December 2013. Of late, however, it has been taking its development game seriously. Towards the end of 2022, the foundation launched a new development fund comprising 5M DOGE. Alongside, the project has also achieved several other noteworthy milestones. In this article, we will analyze coins over the time period since Doge was created, and identify the change in availability. Dogecoin Not Only Survives But Thrives The crypto space noted its first major boom in 2013. In fact, that was also the year when Bitcoin surged from $150 to $1,000. As Bitcoin started gaining traction, a bunch of other coins was launched. When the market conditions turned bearish, most coins did not survive the correction. A recent report from CoinKickoff revealed that 91% of cryptos from 2014’s crypto crash are now dead. Dogecoin , however, managed to stay afloat and remain relevant. The report noted, “The run on emerging cryptocurren...