#Bitlayer Blind signing leads to theft of funds
How to protect yourself
Take warnings seriously
The Binance wallet has built-in security systems like transaction simulation and signature filters, and it prevents approvals for externally owned accounts (EOAs) and high-risk requests like eth_sign, in addition to blocking known malicious DApps. But ultimately, you are the final decision-maker, so read the warnings before approving or signing.
Smart approval practices
Avoid unlimited allowances: Only grant the minimum tokens
Revoke old approvals: Periodically review the [Approvals] tab in your wallet to revoke what you don’t need.
Review simulation
Use a wallet with transaction simulation features, such as the Binance wallet, to know the outcome of the operation before executing it on-chain.
Simulation can reveal suspicious addresses or scams before they occur.
Do Your Own Research (DYOR)
Check the security audits of projects, look for a transparent team and an active community.
Stick to official sources
Access DApps through verified links on official websites or trusted platforms like CoinMarketCap.
Avoid paid advertisements in search results as they are often phishing links.
Do not share the secret phrase or private key
Anyone asking for this information is a scammer.
Learn and stay informed