#security

Hacks and phishing attacks prompted Coinbase Wallet devs to enhance user security. So now Coinbase Wallet features: 📌transaction preview to avoid unwanted token swaps. 📌malicious dApps alerts. 📌alerts in case of unauthorized access to your token balance. 📌push notifications about the upcoming token burn. Good job! But to reach full control, the wallet should also report price slippage. This will be the highest zen of trading.

Just 24 hours after FTX's new CEO, John Ray, announced that the platform could be revived, fraudsters created a fake FTX 2.0 token. The FTX2.0 scam token is being actively spread among the registered users' wallets, including Justin Sun, KuCoin, and Binance. Security firm PeckShield reported that the smart contract of FTX 2.0 has a backdoor that allows hackers to steal funds from users' accounts. To participate in the "new airdrop" the users are encouraged to click on a phishing link. But the worst part is that the token's code allows buying the coin, but prohibits it from being sold. That's why its price has quickly rocketed, causing a wave of FOMO among FTX customers.