Tutorial On Comprehensive Asset Protection For TON Wallet Selection

2024-07-03

Tutorial On Comprehensive Asset Protection For TON Wallet Selection image 0

 

How To Choose The Right TON Wallet?

Choosing the right TON wallet involves considering several key factors to ensure security, compatibility, and ease of use. Opt for wallets that are open source, as their code can be reviewed by the community, ensuring transparency and trustworthiness. Choose wallets that support hardware wallets for an extra layer of security and multi-signature support, which requires multiple approvals for a transaction, adding another layer of protection. Ensure the wallet has native support for the TON blockchain and supports the TON Connect protocol for simplified connections with TON-based DApps.

The wallet should have a user-friendly interface, making it easy to navigate and manage your assets, along with good customer support to resolve any issues you might encounter. Wallets that provide easy access to a wide range of decentralized applications (DApps) within the TON ecosystem and automatically detect and alert you of potential risks associated with DApps can enhance your overall experience and help avoid phishing scams and malicious contracts.

 

Explore Bitget Wallet

For example, Bitget Wallet was the first to establish an official partnership with TON. This wallet supports a wide range of TON ecosystem DApps, features a dedicated DApp section, and offers automatic contract risk identification. Choose a wallet that provides comprehensive details on each transaction to help identify suspicious activities and avoid scams, and one that issues alerts for high-risk transactions to protect your assets. Research user reviews and feedback from the community, and consider the wallet's history and track record in the crypto community, especially within the TON ecosystem, to ensure you choose a reliable and secure option.

How to Prevent Fraudulent Information Within TON Wallet?

Like other public blockchains, phishing is the most common and damaging attack method on TON, affecting many users. Let's explore the phishing methods frequently used by hackers on TON:

Zero-Amount Transfer Phishing

Hackers often send 0 TON to multiple addresses with notes attached to the transfer transactions such as "To claim 1000 TON for free, visit "http://xxxxx.com". Inexperienced users may be deceived into visiting the phishing website and performing collection actions, leading hackers to steal their valuable assets.

NFT Airdrop Phishing

In addition to token transfers, hackers attempt to airdrop NFTs into user wallets for phishing purposes. These NFTs not only feature appealing visuals but also include URLs to phishing websites to deceive users.

For example, in the case below, a fake marketplace link was embedded in the NFT airdropped to users. When users accessed the fake marketplace and attempted to sell the airdropped NFT, they fell into the hacker's trap. Not only were they unable to sell the NFT, but they also inadvertently transferred other assets.

Caution with TON's Unique "Transaction Notes" Feature

All transfer transactions on TON include an optional comment field, similar to remarks in bank transfers. This user-friendly feature has also been exploited by malicious phishing websites.

As shown in the figure below, hackers attempt to convince users to transfer FISH tokens from their wallets and write "Received +xxx,xxx,xxx FISH" in the transaction notes, misleading users into believing they will receive more FISH tokens than they actually have, thereby confirming the transaction.

We remind everyone not to trust anything in transaction notes, and we hope that in the future, every wallet software can provide clearer security advice regarding transaction notes.

Identifying Phishing Scams With Bitget Wallet?

Identifying phishing scams with Bitget Wallet is facilitated through its advanced security infrastructure and proactive measures aimed at safeguarding users within the Web3 environment. Here’s how Bitget Wallet assists users in recognizing and mitigating phishing attempts:

1. Advanced Security Framework: Bitget Wallet incorporates GetShield, a dedicated security system designed to detect and counter phishing attacks effectively. This framework employs cutting-edge technology to ensure all user interactions and transactions remain secure and protected.

2. Risk Detection Mechanisms: Utilizing sophisticated algorithms, Bitget Wallet actively monitors for suspicious activities, such as fraudulent token transfers or misleading NFT airdrops. Users are promptly alerted to potential risks, enabling them to avoid falling victim to phishing scams.

Download Bitget Wallet

 

3. Transaction Monitoring Tools: The wallet provides robust tools for monitoring and analyzing transactions in detail. This capability empowers users to scrutinize transactional details comprehensively, helping them distinguish legitimate transactions from potential phishing attempts.

4. User Education Initiatives: Bitget Wallet prioritizes user education on cybersecurity best practices. It offers guidance on identifying phishing indicators, such as deceptive URLs or misleading transaction notes. This educational support equips users with the knowledge needed to make informed decisions and stay vigilant against scams.

5. Dynamic Security Updates: Continuous updates to Bitget Wallet’s security features ensure it remains resilient against evolving phishing tactics. By staying ahead of emerging threats, the wallet provides real-time protection and enhances user confidence in navigating the Web3 ecosystem securely. 

Through these comprehensive measures, Bitget Wallet empowers users to navigate the digital landscape with confidence, effectively mitigating the risks associated with phishing scams and ensuring a safer user experience.

Download Bitget Wallet

 

Ensuring Further Security With Bitget Wallet?

Amid the rapid development of Web3, the abundance of cryptocurrency assets is soaring. However, this vast landscape resembles a dark forest, full of security risks and unknown dangers. Protecting crypto assets in this field is a pressing priority for users. To empower users to secure their assets effectively, Bitget Wallet has announced GetShield—a specialized security system designed specifically for all Bitget Wallet users.

GetShield utilizes various technical methods to build a security system encompassing every product function, ensuring the safety of every transaction or interaction, thus providing peace of mind for users exploring Web3. For instance, Bitget Wallet was the first to establish an official partnership with TON, supporting a wide range of TON ecosystem DApps, featuring a dedicated DApp section, and offering automatic contract risk identification. With GetShield, Bitget Wallet integrates a comprehensive approach to asset protection, including a $300 million user protection fund shared with Bitget Exchange, and an approval checker to proactively detect potential security risks in addresses, helping users prevent asset theft or other losses.

Bitget Wallet also excels in risk token detection and regularly conducts security reviews on prominent DApps, delisting any found with security vulnerabilities. When connecting a wallet address to a DApp, an automatic check is initiated to alert users of any potential risks. Additionally, Bitget Wallet supports Wallet Connect verification, ensuring DApp security across various access and interaction scenarios. Users are advised to securely store their mnemonic phrases and private keys to prevent asset loss due to theft. As a non-custodial decentralized wallet, Bitget Wallet ensures only the user has access to their private keys and mnemonic phrases, employing advanced encryption techniques for maximum security.

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