The portfolio editor phantom, based on Solana (SOL), has announced the launch of a new feature to burn non-fungible tokens (NFTs) sent by scammers. In a blog post Published this August 18, Phantom’s team said that spam NFT has evolved to become a practical tool for ill -intentioned players seeking to steal user funds.
“We are still at the time of the West West of the Web3. The crypto ecosystem is developing, as is the number of malicious actors who seek to seize the funds of users,” explains the Solana team. “The rapid growth in the popularity of NFT has led to an increasingly widespread attack method – NFT spam.”
The portfolio editor said the crooks benefit from the low Solana transaction costs and send this type of NFT to users, usually with a link to receive a free gift.
After clicking on the link, users are then directed to a site where they are led to approve a transaction to “monetize” or “claim” a free NFT, which leads to the loss of funds.
“These scams are getting more and more sophisticated,” the wallet says, noting that scammers can “modify an NFT’s metadata to avoid being blocked.”
To try to solve this problem, Phantom has created the functionality Burn nft which allows to delete unwanted NFT. Users will also receive a small floor deposit each time they use this function.
Other methods have been put in place to fight against NFT spam. Phantom said that he would put the contractual address and the field of a spam nft to the list of black.
“Our black list already has more than 800 malicious NFT contracts and is integrated into the way we identify scams in our site blocking,” said the portfolio.
Phantom also fights against NFT scams thanks to its “phishing alert system”, which warns users of “any malicious transaction likely to compromise their assets or their authorizations.”
In addition to a substantial increase in the number of protocols of protocols DEFI this summer, there has also been an increase in the number of NFT spams targeting NFT owners.
As we have pointed out, the popular NFT collection Bored Ape Yacht Club (Bay) a lost 200 ETH digital assets in a feat at the beginning of June. The influencer Nft Zeneca and the NFT registration platform First were also victims of hacks in mid-July.
And that’s not all. As indicated, the Solana team allocated generalized hacking which affected more than 8,000 portfolios and led to the loss of more than $ 8 million in the portfolio in the portfolio slope. The Phantom team had also declared “that the exploits reported [des portefeuilles Phantom] are due to complications related to the importation of accounts to and from Slope. “
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