Attackers may impersonate trusted services or create convincing fake websites in order to obtain passwords, private keys or seed phrases. Once credentials or private keys are compromised, losses may be irreversible.

Users should also exercise caution when approving transactions or interacting with smart contracts. Malicious code, blockchain vulnerabilities and system outages can create risks outside the control of an individual platform.

Key points to remember

• Verify website addresses before logging in or connecting a wallet.

• Never disclose seed phrases or sensitive credentials.

• Avoid approving unclear or suspicious transactions.

• Use strong security practices and remain alert to impersonation attempts.