đ¨ Imagine waking up to $93,629 missing from your walletâno trace of what happened. Hereâs how it went down, plus 3 lifesaving defenses you need today.
1ď¸âŁÂ Case Study: 12 ETH Disappearance
A trader clicked what looked like a free token linkâand in seconds, a honeypot smart contract drained 12 $ETH from their MetaMask wallet Trust Wallet.
2ď¸âŁÂ Why Honeypots Work
Theyâre deceptive smart contracts that let you buy but never let you withdrawâtrapping funds under the guise of a vulnerability hacken.io.
đ 3 Defenses to Bullet-Proof Your Wallet
Inspect Before You Approve: Always paste the token contract into Etherscan; if itâs newly created or low-liquidity, reject the approval Cointelegraph.
Gas-Only Wallet: Keep only small âgas fundsâ 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 contractsâevery âunknownâ approval is a red flag Trust Wallet.
đ Stay safeâone careless click costs thousands.
#CryptoSafety #HoneypotAlert #BinanceAlpha