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Showing posts from April, 2022

hacking newest threat for nft buyers

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  Nft buyers are now being targeted with the most sophisticated hacking attempts ever witnessed in the nft industry. 1) Using a low volume cryptocurrency exchange to create an entirely new market, 2) sending personal messages and enticing people to transfer their funds, 3) using fake orders on an exchange to create fake demand and pump up the price of that particular coin. Image source: https://wallpaperaccess.com/nft-monkey It is important that all nft buyers do not underestimate these types of threats. There are a number of steps that can be taken to secure your account and reduce chances for getting hacked or scammed. Remember it is your responsibility to act and secure your accounts. Make sure you have an offline and secure backup of all your passwords. Do not share your passwords with anyone, not even family members. Never use the same password on different platforms, or a password that is too easy to guess (i.e a birthday, name of pet etc). Always use Two Factor Authent