Ice Phishing: an attack on your intuition
Modern cybercriminals do not try to hack the blockchain directly - they make users sign malicious transactions themselves. This is called Ice Phishing.
Unlike classic phishing, where the victim is asked to enter a login and password, here a clever substitute permission for the transaction is used. For example, you interact with a decorative DeFi project or NFT platform, unaware that the contract you signed contains a hidden transfer of access to your wallet to the attacker.
📌 Example of an attack:
1. You connect your wallet to an unknown site.
2. The authorization request seems ordinary.
3. Instead of a one-time approval of the transaction, you give the attacker continuous access.
4. After some time, all funds are withdrawn from the wallet, and the victim does not even notice how it happened.
Honeypot: a trap for greedy investors
Unlike ice phishing, "honeypots" (Honeypot scams) play on traders' greed. These are projects where users can deposit money but cannot withdraw it.
Most often, scammers create a token with abnormally high growth, providing the appearance of successful trading. Once enough users have invested, it turns out that selling the token is impossible due to hidden restrictions in the smart contract.
🔍 How to recognize a "honeypot":
- 📈 Suspiciously rapid price increase without reasonable explanation.
- ⛔ Cannot find the open code of the smart contract.
- 💰 The token cannot be sold, or the withdrawal fee is 99%.
- 🚀 Promises of super profits and hidden mechanics of "protection against dumps".
How to protect yourself?
- Never sign a contract if you do not understand its essence.
- Check the token history on DEXTools or Etherscan before purchasing.
- Use permission revokers (Revoke.cash) to cancel unwanted accesses.
- Study the audit of smart contracts before investing.
🛡 Cryptocurrency security begins with awareness of risk. Ice phishing and honeypots are not just deception technologies but psychological traps that make you make decisions in stressful situations. Remember: there is no "password recovery" in blockchain, stay vigilant!
