Security (25)

While blockchain technology is generally deemed safer than most traditional systems, it still has its risks. One of the biggest threats to the integrity of blockchain is the 51% attack, also known as

For most crypto traders, there are few worse scenarios than having your wallet hacked, losing access to your wallet, or having your digital assets stolen. When it happens, many reach out to communities on X, Reddit, or Telegram, asking for support. Although this may seem like a wise first move, it does leave traders vulnerable to crypto recovery scams. Here, the scammer preys on those requesting help by falsely claiming that they can help recover the assets. However, the opposite is true, as the scammer lures victims in to steal funds before disappearing.

Pig butchering scams, which are a relatively new form of fraud in crypto , involve bad actors using the false illusion of romance or friendship to financially defraud their victims. This scam is typically built over a long period, and involves earning trust with the victim to encourage them to deposit their funds in a seemingly legitimate opportunity — before the fraudster disappears.

Crypto remittance scams are a growing concern in the crypto space. These scams deceive individuals into sending crypto or fiat money, with the false promise of receiving a larger sum in return. Like , remittance scams exploit vulnerabilities, using false promises and emotional manipulation. This article outlines what crypto remittance scams are and offers guidance on how to protect yourself.

Put simply, a nonce in crypto is a number that’s used once in a very specific way within the blockchain. Think of it as a unique one-time code that plays a key role in adding new data to the blockchain.In most blockchain networks, including Bitcoin, the nonce helps solve the complex puzzle that allows new blocks to be created. But here’s the thing — you don’t need to be a math whiz or a tech expert to grasp the basics. The nonce is part of how blockchain stays secure, making sure that all the transactions are valid and the network operates smoothly.

Romance scams have been around for some time, and now often use crypto as their means of defrauding victims. This is a form of confidence trick that involves a scammer faking romantic intentions with the victim. The aim is to create an emotionally intimate relationship to persuade the victim to hand over their money, digital assets, or personal information.

An unspent transaction output (UTXO) is a vital component of blockchain transactions, especially in Bitcoin . UTXOs are a user's remaining digital assets following a transaction — similar to receiving change in physical cash transactions.

How does a part-time job in the world of crypto sound to you? To many, it's an exciting opportunity to be involved in a technology that's positively disrupting industries. The crypto sector can be thrilling, especially for those passionate about new technology and digital assets who want to merge their interests with a career.

Embarking on your crypto journey is a bit like setting sail in a vast ocean of digital possibilities, where each ripple in the blockchain holds the promise of a new frontier. Central to this expedition is the selection of the right crypto wallet to securely store hundreds of crypto assets, like , , and . Beyond storing assets, a digital wallet also allows you to . The decision on which wallet will shape the security of your digital assets and crypto trading experience in the ever-evolving world of cryptocurrencies.

What is DYOR? DYOR is the acronym for 'do your own research'. DYOR embodies the individualistic spirit of crypto that encourages each person to conduct their own research to decide when to buy, sell, or hold certain crypto tokens to make sure they're making the right choices based on their trading strategy.

As the world of cryptocurrencies continues to evolve, understanding the different types of wallets available is crucial for secure and convenient management of digital assets. TL;DR Explore the concept of Web3 wallets

A recent report revealed that crypto scams are up by 45% since 2022. With the sophistication of artificial intelligence and the resulting rise in deep fakes, the crypto community has to remain more vigilant than ever.

As cryptocurrencies like Bitcoin and Ethereum grow in popularity, so does the sophistication of scams that exploit unsuspecting traders. These scams can involve fraudsters impersonating trusted entities or influential figures in the crypto space to deceive individuals into sending them cryptocurrency, or divulging sensitive information.

Scams have unfortunately emerged as a prominent and persistent challenge in the crypto space as bad actors lurk in the shadows. Backed by advanced technology and tools, these scams have become increasingly sophisticated and harder to identify.

As the fascination with blockchain technology and digital assets grows, so too does the threat of cyber attacks. Among these threats, phishing scams have become a considerable challenge for crypto natives.

Have you ever been sent a direct message on your preferred social platform, asking you to join an airdrop? Did you later realize that the name seemed suspicious, with a "1" instead of an "i"? These scams artfully blend technology with psychological tactics to exploit the unwary. Common strategies include offering unrealistically high returns on your deposited funds, stealing sensitive personal information for extortion, and creating elaborate phishing schemes that mimic legitimate crypto platforms.

Do you want to keep up with the latest cryptocurrency promotions but aren't sure which are legitimate? If so, you're not alone. The increase in crypto promotional scams has become a significant concern. These typically entice traders with the prospect of exclusive airdrops or special offers, often through social media endorsements from influencers or deceptive marketing tactics.

An overview of account security features available to OKX users The security of user funds and assets is the foremost priority at OKX. Not only have we established sophisticated security systems for o

As Web3 continues to evolve at pace, the onchain ecosystem is flourishing, with rising numbers of users participating in onchain transactions and other activities. Simultaneously, various onchain scams are emerging, with fraudsters tricking users into authorizing transactions or revealing their keys to steal assets.

The key to unlocking access to your digital assets is through your account. That’s why account security equals asset protection. Like protecting capital on a trade using risk management, the highest level of asset protection comes from securing your account. Account security and asset protection is a serious business at OKX as we help monitor, secure, and strengthen your account and assets. But the best security is a partnership, and it starts with the account owner: you.

Social engineering exploits human psychology, turning trust and urgency into vulnerabilities. While technical defenses are vital, true security requires awareness and proactive actions.At OKX, we provide a new alternative by championing education and technology to keep you safe. Here’s how you can protect yourself against social engineering attacks:

Commitment to compliance goes beyond simply following rules — it’s about creating a transparent, safe, and trusted environment for you. Our new alternative and transparent approach to regulatory standards doesn’t just protect your assets, it also creates a platform where you can trade safely. Discover more on . Here’s how our commitment to compliance enhances your experience on OKX and safeguards your crypto assets.

At OKX, platform security is our priority, providing you with a safe and reliable crypto experience. From protecting data to ensuring system resilience, we take multiple steps to shield our platform from threats and protect your crypto assets. With the rise of AI and other forms of technology to strengthen security, we’re bringing you a new alternative to platform security.

As technology continues to grow, so do threats to compromise digital platforms. OKX’s Cyber Defense Unit is our frontline, dedicated to staying ahead of security challenges and ensuring a secure environment for everyone. Here’s an inside look at our new alternative and how our cybersecurity team works to protect you and your crypto asset.