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Home Ethereum News

The best way to defend/determine transactions if a DApp/DEX is hacked?

by BVC Crypto News
March 12, 2022
in Ethereum News
2 min read
0
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It seems like just some days again customers of a decentralized alternate/app (klayswap) misplaced their cryptos to a BGP hack (principally hackers offered their very own model of the Dapp as a substitute of the true one to the customers after hijacking web routes).

Supply: https://freedom-to-tinker.com/2022/03/09/attackers-exploit-fundamental-flaw-in-the-webs-security-to-steal-2-million-in-cryptocurrency/

Have a sense that is going to turn out to be extra frequent by the day. There are already lots of people on this sub with misplaced cryptos, could also be that is what occurred to them?

As an everyday consumer, I received't be capable of distinguish between the true app and the pretend one since the whole lot seems the identical (with the identical area identify together with a sound SSL certificates) and as soon as I make a transaction with the app, it'll be stolen. Don't assume even a {hardware} pockets shall be safe since I'll be authorizing it anyway.

Is there any straightforward technique to determine what's happening with the transaction? Do you guys undergo each element within the metamask transaction popup window?

Possibly if metamask created a listing of contract addresses of all of the well-known/trusted/audited Dex/Dapps after which if a transaction/tackle is just not within the record, then present a giant warning to the consumer, it'd make customers take a extra cautious look into the pending transaction.

I’ve solely used Metamask, are there different wallets that does a greater job at displaying extra info to the consumer earlier than approving a transaction?

submitted by /u/guydrukpa
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