Today news
About the same in other media
What is a honeypot crypto scam and how to spot it?
Reading now: 174
Smart contracts programs across a decentralized network of nodes can be executed on modern blockchains like Ethereum. Smart contracts are becoming more popular and valuable, making them a more appealing target for attackers. Several smart contracts have been targeted by hackers in recent years.
However, a new trend appears to be gaining traction; namely, attackers are no longer looking for susceptible contracts but are adopting a more proactive strategy. Instead, they aim to trick their victims into falling into traps by sending out contracts that appear to be vulnerable but contain hidden traps. Honeypots are a term used to describe this unique sort of contract. But, what is a honeypot crypto trap?
Honeypots are smart contracts that appear
Read more on cointelegraph.comAbout this in other media
Top Cryptocurrency News Today: The biggest moves in NFTs, bitcoins, crypto rules and more moneycontrol.com /2 years ago
Comedian Stephen Colbert spoofs 'Colbert Coin' in response to rise in crypto scams cointelegraph.com /2 years ago
Crypto Listing and Delisting Announcements: Week 1 cryptonews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
