Thousands of users are exposed daily to many forms of fraud and piracy. According to the latest statistics for the year 2023, approximately 889 million dollars in encrypted assets were lost. This is due to many reasons and loopholes, including technical, software, and some resulting from coincidence, perhaps due to the user’s ignorance, lack of awareness, or complacency. Most of the thefts that occur It is directly related to or based on one of these methods: - Social engineering: - ● One of the primitive methods, based on phishing, in which the attacker studies the victim’s interest - usually targeting naive victims - and relies on electronic promotional messages in which he uses reverse engineering and collects information from them to penetrate ● This method has a low risk rate. ● This type of attack can be avoided by carefully dealing with all spam emails and making sure to activate two-factor authentication (2Factor). Authentication).Guessing passwords Brute-force-attack:- Most of us use wallets based on the BIP39 protocol, which is an algorithm standard that relies on only 2048 words. If, for example, you download TrustWallet and create a wallet that gives you a private key for recovery and passwords as well (recovery phrase), this The list was not chosen randomly, but was chosen carefully, so that there is no more than one word that begins with the same first four letters. The wallet words are generated randomly based on these complex mathematical algorithms. The wallet then uses the random wallet words to generate the wallet encryption keys. Specific and general, usually consisting of 12 or 24 words. Of course, all of these conditions make the guessing process difficult, but with the recent AI wave and the development of quantum computers, the risk rate has increased and spelling guessing is not as difficult as expected.● The threat rate is low to medium.● This type of attack can be avoided by using trusted wallets only, as most of the thefts that occurred were the result of To share spelling checks with a third party. Cloned websites and mined contracts: - The majority of wallets are targeted by these methods, in which one of the official websites is forged by changing the domain or a number of characters, and once the user falls into the trap, the hacker can obtain the signature and complete control over the assets of the wallet. Among the common reasons Also dealing with forged smart contracts, which are usually injected with codes and calling functions such as initWallet, which can pass the wallet address and seize it.● The threat rate of these attacks is high.● We can protect ourselves by not interacting with contracts unless we are sure of their nature and also verify the HTTPS protocol when linking. On any site, when any suspicious movement is detected, the window must be closed. Also, continuous updating of all programs is sufficient to give us the necessary protection. Thefts related to security vulnerabilities: - ● They are usually few, but one must be alerted because they are of high risk, examples of which include cold wallet vulnerabilities and block chain vulnerabilities ( Nodes vulnerabilities: For example, immediate cancellation of transactions was not allowed, but increasing the commission contributed to passing the transfer. This mechanism allows changing the recipient and sending the currencies back to the sender. This requires advanced technological knowledge and is usually linked to the developer of the currency itself, as well as attacks associated with decentralized platforms such as sandwiching attacks carried out by bots by manipulating slippage levels and other vulnerabilities that we can discuss in more detail and understanding. Its mechanism in upcoming topics....#Write2earn#WalidCommUNITY @Walid-Cryptopedia

Greetings, fellow Binancians ! Buckle up, because I'm about to share a legendary trading strategy that could transform your portfolio into a wealth dragon in just Two Epic Years !

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This ain't no fairy tale, it's powered by the divine duo of Binance's SpotGrid and the mythical beast of Compound interest !
Step 1: Choose Your Champion:
 First, pick your cryptocurrency warrior. Think long-term potential, solid projects, and healthy market trends. Bitcoin, Ethereum, BNB – the legends themselves ! Remember, choose wisely,
for they become your loyal companions on this epic quest.
 Step 2: Enter the SpotGrid Arena :
 Now, unleash Binance legendary SpotGrid ! This grid-based trading bot is your automated guardian, buying low and selling high within a set price range.
Imagine a safety net woven from golden opportunity! Set your grid, choose your risk appetite, and let SpotGrid do the dirty work while you kick back and watch your portfolio climb.

 Step 3: Compound Your Coinage :
 But wait, there's more! Remember the mythical beast of compound interest? Binance lets you earn interest on your crypto holdings, like a dragon hoarding its treasure.
Every moon you harvest through SpotGrid gets reinvested, growing your nest egg exponentially! It's like feeding your wealth dragon juicy coins, watching it grow bigger and stronger with each bite.

 Step 4: Patience is a Virtue (and Profit) :
 Remember, Rome wasn't built in a day. This strategy is a marathon, not a sprint.
Trust the process, let SpotGrid and compound interest work their magic, and watch your portfolio transform into a Million-Dollar Masterpiece!

 Bonus Tip: Share your journey ! Binance loves spreading the crypto wisdom. Document your progress, share your insights, and inspire others to join the legend!
 Remember, this is just a roadmap, fellow adventurers. Adapt it to your Risk Tolerance, Research your chosen cryptos, and never stop learning.
With the right tools, the right strategy, and a sprinkle of Binance Magic, you too can become a legend in the making!
 Disclaimer : This is not financial advice. Please do your own research and invest responsibly.

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👍 @Walid-Cryptopedia 😍 @Q8Three - غازي 👍 @Binance Square Official 😍