BlocksInform
US-based crypto exchange COINBASE has become the last crypto portfolio provider to deploy transaction and blocklist previews in the midst of an increase in crypto theft.
On Jan. 30, the crypto exchange announced it had integrated a new suite of safety features to its wallet app to make it easier for users to spot and take action on potential foul play from scammers.
On the thirty of January, the crypto exchange announced it had integrated a new suite of safety features to its wallet app to make it easier for users to spot and take action on potential foul play from scammers.
Summary of the transaction: Coinbase.
In addition, the company has deployed token approval alerts, that clearly indicate to the user when a decentralized dApp application requires authorization to remove tokens and non fungible tokens (TNT).
In addition, the company has also introduced new licensing layers that allow users to revoke dApp connections directly from the application to help reduce "exposure to potential vulnerabilities."
Just two days after Moonbirds creator Kevin Rose admitted to losing $1.1 million in NFTs via a targeted phishing attack, Phantom reminded users on Jan. 27 that its portfolios are protected with a number of security features that include transaction overviews, an open source blocklist, and nft spam and burn notification.
The company explained their transaction overview function: When you perform an action in Phantom, such as hitting an NFT, we scan your transaction and proactively find anything that seems suspicious. Is there something wrong with the website? You receive an alert. Try and cloud the code? Try and black out the code? Interact with questionable chips? Interact with questionable chips?
While the open-source blocklist consists of a “community-maintained list of malicious domains” that Phantom blocks users from mistakenly connecting with.
12/ We take pride in the safety features we have implemented.
We will continue to work tirelessly to protect our users with best-in-class security features, education, and support to make everyone’s journey through web3 safe, easy, and fun.
— Phantom (@phantom) January 26, 2023
We will continue to work tirelessly to protect our users with industry-leading safety features, education and support to make everyone's journey on the Web 3 safe, easy and fun.—
We will keep working hard to protect our users with the best security features, education, and support to make each person's journey on web3 secure, easy, and entertaining. - Ghost (@phantom) January 26, 2023tweeting on same day as ghost, web3 ember portfolio provider provides a detailed list of their own security tools.
5/7) As well, Ember allows you to lock your NFTs and tokens, which disables the ability to send or sell them until they have been unlocked which requires your authentication to do so
This means that if you do sign a malicious transaction, your locked assets can't be drained
— Ember (@EmberWallet) January 27, 2023
On Jan. 24, Bitski also indicated that it was working on similar integrations via its 2.0 wallet, with product designer Jasmine Xu noting that this will cover “self custody, dapp browser, transaction simulation previews, notifications about account activity, in-app burner vault, and a bunch more in a few weeks.”
Related: 5 sneaky tricks crypto phishing scammers used last year: SlowMist
The 24th of January, Bitski also said she was working on similar integrations through her 2.0 portfolio, with product designer Jasmine Xu noting that this will cover "taking care of oneself, dapp browser, simulation of transaction insights, Opinions regarding the activity of the account, in-app firebox, and lots of others in a couple of weeks."
Associated: 5 insider tips crypto phishing scams used last year: SlowMist.
Popular methods that dupe even experienced users consist of phishing attacks, scam airdrops directing people to click on malicious links and malware.
