Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => NFTs & Collectibles => NFT Marketplaces => Topic started by: Tamsialu$$ on June 23, 2022, 02:05:51 AM

Title: NFT, DeFi and crypto hacks abound — Here’s how to double up on wallet security
Post by: Tamsialu$$ on June 23, 2022, 02:05:51 AM

Falling prey to a fraudulent link can be devastating to one’s personal investment portfolio. Here are three ways a hard wallet can protect you. The explosiveness and high dollar value of nonfungible tokens (NFTs) seem to either distract investors from upping their operational security to avoid exploits, or hackers are simply following the money and using very complex strategies to exploit collectors’ wallets.

At least, this was the case for me way back when after I fell for a classic message sent to me over Discord that caused me to slowly but all too quickly lose my most valuable assets.

Most of the scams on Discord occur in a very similar fashion where a hacker takes a roster of members on the server and then sends direct messages to them in hopes they will bite at the bait.more (https://cointelegraph.com/news/nft-defi-and-crypto-hacks-abound-here-s-how-to-double-up-on-wallet-security/amp)

Title: Re: NFT, DeFi and crypto hacks abound — Here’s how to double up on wallet security
Post by: anastese on October 09, 2022, 10:18:54 AM

Amulet is a decentralized risk protection protocol for the Rust-based ecosystem initially deployed on Solana. Existing DeFi risk protection protocols rely on external underwriters to provide capital for claim payouts and cover capacity, which introduces unique and difficult challenges over business sustainability. Amulet is creating the risk protection industry's first Protocol-Controlled Underwriting ("PCU") approach. This is a significant change from the incumbent model of renting underwriting capital.