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RE: VYB_POBSTREET 7-1-2022 #37: How can fraud activities be controlled in blockchain system

in #leofinance3 years ago

The only way I believe is to secure your account from Intruders in order for them not to get access if your details especially if any of them ask for your information in the blockchain

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Not giving them your seed phrase or your private key is not enough to secure your account but using your wallet browser to enter any site any our easy access to the site if connected and some people won't be aware of this

Yes
There are many fake site that someone can accidentally give them access to his browser and they will try to imitate original.
I have fall victim of this many times

So if you don't know about this before and you are just knowing now that connecting to an unknown wallet is very dangerous then you can browse on how to revoke a connected site to your wallet and revoke every site you've connected your wallet to

So do enter the original site of a project just go to coingecko or coinmarketcap and there is the official site of the project dear then you can copy the link and go and paste it in your wallet browser

Yea
They don't asked for seedphrase anymore because people are not ignorant of that but they will create a site to have access to everything

Or they will do a airdrop and tell you to send 0 BNB to this contract address.
So they will use that means to have access to your account.
Or

Plaglarism can't be stopped fully here.
Even though their account is banned, they will open the new account and continue their foolish act

It can actually be reduced if there is a serious punishments taking all those involving it

Yeah agree
We have seen the effect of that in hive blockchain but what punishment can we give to serial rugpullers?

Scams a lot of them host a free claim presale and airdrop and received all the gas fee.
So beware of airdrop especially in binance smart chain

Binance smart chain is a very insecure blockchain that even after creating a project you can edit it and rugpull

This is a hidden facts many people don't know this is why I don't like binance smart chain project
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Many people would create a fixed sight of a popular dex and make it look like the real one and so if one do mistake the person with no that is not the real one because the look-alike the person we just connect it and they will take all his money

I have fallen victims of them and I immediately sent all my funds out.

That is the best decision anyone who has fall victim or lost his phone the first thing the person should do is to first send the fund to another wallet because you can't change your password

They won't withdraw immediately if your asset is low but anytime you have a great asset in the wallet then they would withdraw your asset

So don't wait because you feel there is nothing just because your asset is still in your wallet.
Just revoke every site you connected before.
They are too much in trustwallet

So that they won't be suspicious and for more of thier profit.
These are very wicked people living on stealing