Binance CEO Shares Three Safety Tips for Navigating Web3
Binance CEO's Safety Tips for Web3 Users
As the Web3 ecosystem evolves, Binance CEO Richard Teng has outlined three essential safety tips for crypto investors to navigate potential risks.
- Always verify before trusting any decentralized application (dApp)
- Understand that dApps are third-party services, not endorsed by Binance Wallet
- Interact only with official project dApp websites to avoid phishing scams
In 2024, $3.6 billion was reported stolen through crypto scams, highlighting the need for caution. Users should cross-reference dApps with official documentation to ensure authenticity and protect their assets.
Emerging Threats: SparkKitty Malware
Kaspersky has identified a new malware named SparkKitty, which targets users via infected apps on iOS and Android. This malware seeks to steal crypto wallet seed phrases and sensitive information.
Additionally, Trezor Wallet has reported attempts by cybercriminals impersonating company representatives to steal user data.