Binance Blog recently published an educational article on the risks and security measures when interacting with decentralized applications (DApps). As DApps gain popularity in the blockchain ecosystem, the threats of scams and attacks aimed at unsuspecting users also increase.
What are DApps and why are they risky?
DApps operate on blockchains like Ethereum or BNB Chain, allowing transactions without intermediaries. However, this decentralization also means that users are responsible for their own security, as transactions in smart contracts are irreversible and there is no customer support to resolve errors.
Main threats in the DApp ecosystem
The Binance article highlights several common scam tactics:
1. Social engineering: Scammers psychologically manipulate users with urgent messages or false promotions to interact with malicious DApps.
2. Approval phishing: Users are tricked into authorizing transactions with excessive permissions, allowing gradual draining of their funds.
3. Signature phishing: Victims are asked to sign encrypted messages, which can provide access to their tokens without them noticing.
4. Fake wallet recovery sites: They offer 'solutions' for wallet issues, but actually steal seed phrases or private keys.
How to protect yourself when using DApps
Binance recommends the following security measures:
- Verify the authenticity of DApps before connecting.
- Review the requested permissions and avoid unlimited approvals.
- Never share seed phrases or private keys.
- Use wallets with security features, such as Binance Wallet, and revoke old permissions.
- Disconnect unused DApps and analyze transaction simulations before confirming.
🔗 Source: [Binance Blog](https://www.binance.com/es/blog)
This informative article summarizes Binance's key warnings and offers practical tips for safely navigating the world of DApps. Have you had any experience with scams in DeFi? Share your security tips in the comments! 🚀