Consider diversifying your wallets, especially if you have significant holdings. Users should keep their private keys and seed phrases secure and never disclose them. Not your keys, not your coins: Private keys allow users to access and manage their digital assets. If something appears too good to be true, it probably is. Users should narrow their investments to projects with transparent security assessments by reputable firms and a solid track record. Doing detailed research on projects and their teams before investing is the most repeated but often ignored way to stay safe from scams. So, what precautions can users take to defend themselves? Here are six tips to stay safe in Web3 in 2024, courtesy of Salus:ĭo your own research: Web3 is full of exciting opportunities but also many risks. The incident, caused by a compromised hot wallet private key, is suspected to be another mischief of the Lazarus Group.
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