Summary
"Stealing U" usually refers to the act of stealing the virtual currency "U".
The "U" here generally refers to Tether (USDT), a virtual currency that pegs cryptocurrency to the legal tender dollar.
There are many ways to steal Tether, such as obtaining users' wallet private keys, mnemonics and other important information through network attacks and fraudulent means, thereby transferring Tether in users' accounts to their own accounts.
What is contract authorization theft?
Contract authorization theft refers to the act of criminals tricking users into leaving Binance trading and going to other web3 cold wallets for contract authorization, thereby obtaining the management rights of virtual currencies (such as USDT) in the user's wallet and then stealing them. As shown in the figure, the scammer will make a transfer on the dapp web page, which is not a transfer, but a contract authorization!
How to avoid contract authorization theft?
1. Use Binance’s official transfer transactions instead of other cold wallet platforms
2. When making a transaction, pay attention to whether there are words like [Contract Interaction] [Contract Authorization], and exit immediately if you find them.
3. Use dapp functions with caution.
