🚨 Honeypot Scams: Protect Yourself in the Web3 Era
Crypto scams are evolving. They lure investors with promises of high profits while stealing their funds. Honeypot scams are among the most deceptive.
🔍 In this thread, we’ll explore:
What is a honeypot scam?
How do they work?
Tips to identify and avoid them.
Let’s uncover the details. 🧵👇
Now that we’ve seen how many hackers still rely on traditional Web2 cybersecurity tactics - like social engineering and infrastructure compromises (Bybit’s $1.5 billion hack) - I’m excited to share my latest podcast with @NikitaVarabei, the founder of @ChainPatrol.
ChainPatrol is doing critical work in preventing these types of attacks, and in this episode, we shift gears from smart contract security to Web3 client-side security - an area that’s just as important but often overlooked.
We covered some fascinating topics and shared a lot of valuable insights - so give it a listen now or save it for later. You won’t regret it!
According to FT, the University of Austin in the United States is raising a $5 million Bitcoin fund for its $200 million endowment fund, becoming the first such fund in the United States. Chad Thevenot, senior vice president of development at the school, said that the crypto asset portfolio will be held for at least five years. https://t.co/n18i1MVdDd
#CertiKInsight 🚨
We have detected a ~$108K flashloan exploit on unverified contract 0x2d70d62deb1cb9918ff6be7bb5d173e8cd4ad854.
The attacker called its unprotected 'depositBNB()' to swap 226 BNB on it for ADACash and made a profit with sandwiching swaps.
The fund on 0x2d70, along with 0x2505393295847525577f83a8dfcb2f1a908bfe2 and 0x961149853ad31c5640ea8081459fabdd94a2a428, is likely traced to @earnhubBSC rug-pull in late 2021 early 2022.
Stay Vigilant!
I’ve never used ZK in my life or FHE
The problem is that we keep talking about all these amazing things, but no one is actually using them. We’ve had teams building ZK Identity apps for years, but how many people are actually using those solutions?
🚨 It’s Data Privacy Day 2025! 🚨
This year’s theme, “Taking Control of Your Data”, reminds us of the importance of safeguarding our digital lives.
From on-chain hacks to off-chain data breaches, recent incidents like celebrity Twitter hacks and memecoin scams highlight the need for vigilance.
At @Prism_Blocks, we are committed to securing your blockchain and digital ecosystem—because your privacy matters. 🔐
Stay proactive. Encrypt your data, verify links, and trust only secure platforms.
#DataPrivacyDay #BlockchainSecurity #tuesdayvibe #PrismBlocks #DigitalPrivacy
DeepSeek has now erased $2 trillion in US stock market value, and NVIDIA just lost $500B+ in market cap! 💥
Why? A $6M Chinese AI startup just achieved what Silicon Valley claimed was impossible. DeepSeek's reasoning AI model rivals OpenAI’s best—but at a fraction of the cost.
🔹 OpenAI GPT-4: $600M+ to train
🔹 DeepSeek: $6M total
#DeepSeekR1 is open-source, 27x cheaper, and far more efficient in running costs. The AI game is changing rapidly—and Silicon Valley’s dominance is under threat. 🌍🔥
What are your thoughts on this AI revolution?
#AI #BlockchainSecurity #TechDisruption #DeepSeek #PrismBlocks #openaigpt