I just heard a tragic incident — a brother was hacked for 12 BNB while managing market value on BSC, losing tens of thousands of dollars. 💸 The incident occurred in the Duck Community, but it may not be a community issue but rather a problem with the brother's own operational security.
Not being directly involved, I don't know where the problem lies, but Little Pepper still wants to remind everyone! Capital safety is very important!
Why is capital management prone to problems?
Many beginners may not understand capital management; essentially, it is a process of capital aggregation + coordinated market manipulation. The problem is that many of these tools require you to provide your private key or authorization control. If the other party manipulates it, your money is no longer yours.
🔹 How are funds managed hacked?
According to current information, the brother was hacked while aggregating funds on BSC, and there are several potential possibilities here:
Private key/mnemonic phrase leakage: Could be due to unsafe tools storing the private key or a virus on the computer stealing it.
Malicious contract authorization: Some seemingly harmless websites actually hide full withdrawal permissions, and once authorized, the funds are gone.
Phishing websites: Clone official websites, prompting you to enter your private key, directly taking your money.
⚠️ Risk of private key leakage
🔴 TG bots (TG BOTs)
Private key stored in server → Controlled by developers
🔴 Web tools (some S tools)
Private key sent to backend → Server hacked = Assets lost
🔹 How to ensure fund safety?
1️⃣ Do not input your private key randomly: Many management tools on BSC will ask for your private key, but security varies. Tools like CiaoTool support front-end local signing, do not upload to the cloud, and do not store private keys, reducing risks.
2️⃣ Use Chrome to inspect: Go to Network > Fetch/XHR, check the requests → If the private key is exposed = Dangerous!
3️⃣ Use dedicated cold wallets/multi-wallet management: Use cold wallets for large amounts of capital and small wallets for daily transactions, separating operations to reduce risk.
4️⃣ Do not use unfamiliar tools: The magical tools recommended in TG groups are 90% traps. Check the background and test with small amounts before deciding whether to use them.
🔍 Check authorization records: Some contracts will require you to authorize token operations, so be sure to use Revoke.cash or BSCScan's Token Approvals to check and revoke suspicious authorizations to avoid fund theft.
BSC is hot right now, but there are also more and more fund schemes and phishing tools. **Don't hand your assets over to hackers just to save a few seconds.** If you really want to manage large amounts of capital, be sure to ensure the tools are secure, that signing permissions are controllable, and it's best to use a locally encrypted storage solution. Don't let the BNB you worked hard for lose value in an instant.
The market is an opportunity, but safety is the prerequisite. In this wave of enthusiasm, is your capital safe?