Reddit user identified a security flaw that any scammer can now exploit
A helpful Reddit user from Germany has identified and highlighted a possible security flaw that could enable a seed phrase scam. Fortunately, the honest crypto enthusiast has informed the community about the loophole which gives all of us the chance to avoid it before it’s too late.
Summary
- Predictive texting on smartphones can accurately predict a 12-24 word seed phrase.
- There are ways to minimize the risk: clearing predictive caches, turning off autocorrect and being aware of the problem are just three of them.
- Blockchain security firm reported that DeFi hacks in 2022 alone stand at $1.57 billion, already surpassing 2021’s total of $1.5 billion stolen.
With so many scams hitting the NFT world and metaverse recently, it’s good to know how to keep your assets safe and your wallet secure. One Reddit user has highlighted a potential scam that any NFT enthusiast and cryptocurrency holder should be…
