Zachxbt notably stressed that users must accept full financial responsibility if they take risks in these situations, adding that it would be extremely difficult to recover lost funds in the event of a scam. The credibility of a project, a Crucial Zachxbt factor underlined two critical scenarios carrying important risks of SCAMS Crypto: depositing funds in protocols DEFI forkés from new EVM channels and investing in projects with little quality followers on Kaito. “If you make one of these decisions, it is your own personal choice to risk funds and I will not help you,” said Zachxbt. Many protocols DEFI recently launched on EVM channels are in fact only replicas of those existing. Their teams often do not create an original code but are rather based on those of established protocols. This process requires minimum technical skills but introduces major safety risks. A recent incident notably highlighted the risks associated with the DEFI space. The Defi Sir.trading protocol would have been hacked, resulting in an estimated loss of $ 350,000. Despite the documentation of the project promoting him as a “new DEFI protocol for safer leverage trading”, he also recognized the risks linked to the vulnerabilities of intelligent contracts. This case illustrates well how new DEFI protocols often become targets for hackers. In addition, at the end of March, the loan protocol DEFI Abracadabra also underwent a loss of around $ 13 million due to malicious exploitation involving sticky tokens. The second situation against which Zachxbt warned his followers concerns cases of Rug Pull by projects with few quality followers on Kaito. Kaito is an analysis tool powered by AI which measures the real interest of the community. The investigator has thus advised to check the number and quality of the followers as a basic stage to avoid falling into projects which relies on a fake commitment or a hollow media threw. Investor Xero also granted himself with Zachxbt, declaring that Kaito can constitute a good tool for assessing credibility. “Kaito has become an incredible security and reputation tool that I value more than others. He can help you quickly identify an impostor or a new Rug Pull project. If a project that has more than 40k followers does not connect with real smart followers, it is not legitimate, “the investor Xero commented. Other cases, emerging crypto scams in parallel with Zachxbt’s advice, several new crypto scam tactics have recently been reported. Investor Jerome notably warned of a ploy which operates the automatic browse download function to encourage users to download malware. Another method is for crooks to create and send small transactions. Some of these transactions may only correspond 0.001 tokens, and use false wallet addresses which at first glance like legitimate addresses. Their goal is to deceive users so that they copy and stick the fraudulent address during future transactions. In addition, Microsoft has identified Stilachirat, a new Trojan of remote access specifically designed to target crypto portfolios and connection identifiers. According to a Chainalysis report from 2021 to 2024, decentralized finance platforms (DEFI) were the main targets of crypto hacks. Amount of funds stolen by type of victim platform. Source: Chainalysis The report explains that DEFI platforms can be more vulnerable because developers favor rapid growth and launch rather than security measures. This lack of accent on security makes it so targets of choice for hackers. Morality of history: a clever crypto trader always looks twice before investing. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, BEINCRYPTO undertakes to provide impartial and transparent information. This article aims to provide exact and relevant information. However, we invite readers to verify the facts of their own and consult a professional before making a decision on the basis of this content.
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