🚨 Imagine waking up to $93,629 missing from your wallet—no trace of what happened. Here’s how it went down, plus 3 lifesaving defenses you need today.
1️⃣ Case Study: 12 ETH Disappearance
A trader clicked what looked like a free token link—and in seconds, a honeypot smart contract drained 12 $ETH from their MetaMask wallet Trust Wallet.
2️⃣ Why Honeypots Work
They’re deceptive smart contracts that let you buy but never let you withdraw—trapping funds under the guise of a vulnerability hacken.io.
👉 3 Defenses to Bullet-Proof Your Wallet
Inspect Before You Approve: Always paste the token contract into Etherscan; if it’s newly created or low-liquidity, reject the approval Cointelegraph.
Gas-Only Wallet: Keep only small “gas funds” on your hot wallet; store long-term holdings offline or in a hardware wallet Cyfrin.
Whitelist Trusted DEXes: Pre-approve Uniswap, SushiSwap, and Binance-approved contracts—every “unknown” approval is a red flag Trust Wallet.
🔒 Stay safe—one careless click costs thousands.
#CryptoSafety #HoneypotAlert #BinanceAlpha