SlowMist on HTX Live: Unveiling Digital Asset Investment Risks and Prevention Strategies
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SlowMist on HTX Live: Unveiling Digital Asset Investment Risks and Prevention Strategies
As a leading cryptocurrency trading platform, HTX always respects security and adheres to the principle that user assets are sacred and inviolable, continuously enhancing platform security to maximize protection.
Navigating Web3 tides with focused insightsOn October 26, SlowMist security team was a guest on HTX Live. The livestream, themed "Blockchain's Dark Forest: Is Your Digital Asset Secure?", revealed potential risks in digital asset investment and ways to defend against them, aiming to help users safely navigate their assets into the bull market.
Blockchain has brought about changes in certain production relationships—eliminating the need for centralization or third-party intermediaries, enabling trust to be established on-chain. The concept of blockchain's "dark forest" arises because people in the real world often misunderstand blockchain as being absolutely secure, fully anonymous, and untraceable. These misconceptions allow hackers to easily launch attacks, frequently reaching into project teams' and users' wallets and causing significant financial losses.
User Self-Protection Measures
According to the SlowMist security team, in the face of blockchain’s dark forest, we may be completely exposed. Users should first remember two fundamental security principles:
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Zero Trust. Simply put, remain skeptical—and stay skeptical at all times.
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Continuous Verification. You must have the ability to verify your suspicions, and turn this capability into a habit.
Specifically:
1. Increase vigilance and security awareness. Cross-verify information through multiple channels—including official websites, social media, and customer service—to avoid falling victim to impersonators ("Li Kui" turning into "Li Gui"). Be cautious with unsolicited SMS messages and emails; do not click links or provide sensitive information randomly.
2. Choose compliant platforms and well-established projects, while practicing isolation—don’t put all your eggs in one basket. Generally, the more frequently a wallet is used, the higher its potential risk. Always remember: when engaging with new projects, prepare a separate wallet and use small amounts to test them out.
3. Install anti-phishing browser extensions to help identify phishing websites and block subsequent risky operations.
4. When using a wallet, understand its authorization mechanism (the approve function), including the authorized address and amount. Be wary of granting unlimited token approvals to any address, promptly revoke unknown authorizations, and prevent unauthorized token theft.
Project Teams Must Build Long-Term, Effective Security Systems
The SlowMist security team analyzed that project teams must take responsibility by establishing long-term, effective security systems through the following measures:
1. Strengthen internal security risk controls and enforce strict constraints on privacy data protection, especially management of internal personnel security;
2. Guard against traditional cyberattacks or social engineering attacks. Use two-factor authentication (2FA) or strong passwords to enhance the security of official social media accounts. It is recommended to use authenticators supporting the TOTP algorithm instead of SMS-based verification;
3. Prioritize smart contract security audits and conduct timely iterations.
The SlowMist security team emphasized that once a hacking incident or token theft is detected, remaining assets should be securely transferred immediately, and professional security experts should be contacted promptly for evidence collection, hacker profiling, and traceability analysis. Law enforcement involvement may be necessary when appropriate.
Teams can refer to SlowMist's open-sourced Web3 Project Security Best Practices, which provides detailed guidelines and recommendations across development, deployment, operation, and emergency response phases to help Web3 development teams identify and mitigate potential security risks.
As a leading cryptocurrency trading platform, HTX always respects security and upholds the principle that user assets are sacred and inviolable. HTX implements a series of measures to ensure user asset safety, continuously enhances platform security, and maximizes the strength of its defensive barriers.
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