Airdrop Scams Podcast

Protecting Yourself from Airdrop Scams

Airdrops are a popular method for distributing NFTs and tokens, but they are also a common tool for scammers to steal assets from unsuspecting users. Here’s how to recognize and protect yourself from these scams.

Understanding Airdrop Scams

1. Common Tactics:
   • URL in Name or Description: Scammers often include a URL in the name or description of the airdropped NFT or token (e.g., goblins-airdrop.claim).
   • Fake Redemption Offers: The URL leads to a website that promises to redeem the token or NFT for valuable assets like BTC or BCH.
2. The Scam Process:
   • Approval Trick: During the redemption process, scammers trick victims into approving a malicious contract.
   • Asset Theft: Once approval is granted, scammers gain access to the victim’s cryptocurrency wallet and transfer all tokens and NFTs out.

Steps to Protect Yourself

1. Be Cautious with Unexpected Airdrops:
   • Do Not Claim: If you receive an NFT or token from an unknown sender, do not attempt to claim or redeem it.
   • Verify Sources: Only interact with airdrops from verified and trusted sources.
2. Research URLs and Offers:
   • Check the URL: If an airdrop includes a URL, research the website thoroughly before attempting to claim anything.
   • Look for Red Flags: Be wary of any site that requires you to approve contracts or provide sensitive information.
3. Handling Unexpected Airdrops:
   • Do Not Swap or Sell: Avoid attempting to swap or sell unexpected NFTs or tokens as these actions could trigger the scam.
   • Consider Wallet Safety: If you have already interacted with a suspicious airdrop, transfer your assets to a new wallet. Note that transfers will incur network costs.

Additional Tips and Considerations

1. Use Reputable Security Tools:
   • Contract Screening: Use tools like ScamSniffer to screen any contract you are asked to approve.
   • Wallet Security: Ensure your wallet has robust security features and is regularly updated.
2. Enable Alerts and Notifications:
   • Wallet Alerts: Set up notifications for any unusual activity in your wallet.
   • Community Alerts: Follow trusted crypto communities and forums for alerts about new scams and security threats.
3. Educate Yourself and Stay Informed:
   • Scam Awareness: Learn about common airdrop scam tactics and how to recognize them.
   • Continuous Learning: Stay updated on the latest security practices and scam prevention tips.

Conclusion

Airdrop scams are a serious threat in the cryptocurrency space. By being cautious with unexpected airdrops, thoroughly researching URLs and offers, and using reputable security tools, you can protect yourself from these malicious schemes. Always stay informed and vigilant to safeguard your assets from scammers.

Customer and IT Support Scams Podcast

Beware of Customer and IT Support Scams

A common scam involves individuals posing as customer or IT support representatives from reputable organizations, including Goblins. These scammers target users seeking assistance and attempt to trick them into providing personal information for fraudulent purposes.

Recognizing Customer and IT Support Scams

1. Impersonation:
   • Fake Representatives: Scammers pose as customer or IT support from trusted organizations.
   • Urgent Help Requests: They often create a sense of urgency to make you act quickly without verifying their identity.
2. Information Requests:
   • Personal Data: They ask for personal information such as recovery phrases, private keys, passwords, or other sensitive data.
   • Remote Access: They may request remote access to your device to “fix” a problem, but actually aim to steal your information.

Protecting Yourself from Support Scams

1. Deny Remote Access:
   • No Remote Control: Never allow anyone to remotely access your device, regardless of how convincing they seem.
   • Verify Identity: Always verify the identity of the support representative through official channels before taking any action.
2. Protect Your Sensitive Information:
   • Keep Private Keys Secure: Never share your recovery phrase, private keys, or passwords with anyone.
   • Official Communications: Be aware that legitimate support will never ask for your sensitive information.
3. Goblins’ Official Policies:
   • No Fund Transfers: Goblins will never ask you to send funds to another wallet address or bank account.
   • No Software Downloads: Goblins will never ask you to download software onto your device for support purposes.

Additional Tips and Considerations

1. Verify Authenticity:
   • Official Channels: Contact support directly through official Goblins channels to verify the authenticity of any support request.
   • Website Check: Use the official Goblins website to find contact information and support resources.
2. Stay Informed:
   • Awareness: Educate yourself about common scam tactics and stay updated on the latest security practices.
   • Community Alerts: Participate in community forums and groups to stay informed about potential scams and share experiences.
3. Enable Security Measures:
   • Two-Factor Authentication: Enable two-factor authentication on your accounts for added security.
   • Secure Devices: Ensure your devices are secured with up-to-date antivirus software and firewalls.
4. Report Suspicious Activity:
   • Contact Goblins: If you suspect any fraudulent activity related to Goblins, report it immediately through official channels.
   • Notify Authorities: Report the scam to local law enforcement and relevant regulatory bodies to help prevent others from becoming victims.

Conclusion

Scammers posing as customer or IT support representatives can be highly convincing, but by following best practices such as denying remote access, protecting your sensitive information, and verifying support requests through official channels, you can safeguard yourself from these fraudulent schemes. Stay vigilant, informed, and proactive in securing your digital assets and personal information.

Fake Giveaway Scams Podcast

Protecting Yourself from Fake Giveaway Scams

Scammers often promote fake giveaways to trick users into sending tokens or approving malicious contracts. These fraudulent activities can lead to significant financial loss. Here’s how to recognize and protect yourself from these scams.

Recognizing Fake Giveaway Scams

1. Common Tactics:
   • Social Media Promotions: Scammers post giveaway promotions or message you on platforms like Twitter, Discord, etc., pretending to be from legitimate companies.
   • False Claims: Messages or posts typically claim that you have won something or that a notable token project or company is hosting a giveaway or airdrop.
2. The Scam Process:
   • Link and Address: Scammers provide a link and ask you to send tokens (e.g., BCH, PEPE) to a cryptocurrency wallet address they provide or approve a contract in your wallet.
   • False Promises: They promise to double the amount you send in return.

Risks of Participating in Fake Giveaways

1. Token Loss:
   • Irretrievable Tokens: Tokens sent to the scammer’s address are often irretrievable.
   • Wallet Compromise: Approving a malicious contract can give scammers access to your wallet, putting all your tokens at risk.

Steps to Protect Yourself

1. Verify Accounts and Promotions:
   • Check Authenticity: Always verify the account messaging you or posting the promotion. If you cannot confirm their connection to the legitimate company, they are likely scammers.
   • Use Verified Channels: Contact the company or team through official, verified channels to confirm the legitimacy of the giveaway or airdrop.
2. Be Cautious with Messages:
   • Trusted Contacts Only: Only accept messages from people you trust. Be skeptical of unsolicited messages, especially those offering free tokens or significant returns.
3. Research and Confirm:
   • Investigate: Look into the details of the giveaway. Check the official website and social media channels of the company to see if the promotion is mentioned.
   • Community Feedback: See if other users are talking about the giveaway and whether it has been confirmed as legitimate.

Additional Tips and Considerations

1. Use Security Tools:
   • Contract Screeners: Utilize tools like ScamSniffer to screen any contracts you are asked to approve.
   • Wallet Security: Ensure your wallet is equipped with robust security features and that you regularly update your security settings.
2. Stay Informed:
   • Learn About Scams: Educate yourself on common scam tactics and stay updated on the latest threats in the crypto space.
   • Join Communities: Participate in crypto communities to share experiences and learn about new scams and security practices.
3. Enable Alerts and Notifications:
   • Wallet Alerts: Set up alerts for any unusual activity in your cryptocurrency wallet.
   • Platform Notifications: Enable notifications from your social media and messaging platforms for updates on suspicious activities.

Conclusion

Fake giveaway scams are a prevalent threat in the cryptocurrency world. By verifying the authenticity of promotions, being cautious with unsolicited messages, and using security tools, you can protect yourself from these fraudulent schemes. Always conduct thorough research and stay informed to safeguard your assets from scammers.

Goblins Protocol Security Podcast

Goblins Commitment to Protocol Security in the Web3 Ecosystem

The protocol security of Goblins recognizes the critical importance of security throughout the Web3 ecosystem and is dedicated to building secure and reliable products.

Our Commitment

We take security very seriously and continuously strive to enhance our products and processes. Our commitment includes:

• Ongoing Improvements: Constantly working to improve the security of our products and processes to protect our users.
• Community Involvement: Welcoming the community to review our code and actively encouraging the reporting of any security issues.

Reporting a Protocol Security Vulnerability

If you believe you have identified a security vulnerability in any of our products or services, please report it to us immediately. Your proactive approach helps us maintain a secure environment for all users.

Additional Tips and Considerations

1. Review Our Code:
   • Open Source: Our code is available for public review, fostering transparency and community trust.
   • Contribute: If you have expertise in protocol security, consider contributing by reviewing our code and suggesting improvements.
2. Stay Informed:
   • Security Updates: Regularly check for updates and security patches for the Goblins platform.
   • Community Alerts: Join Goblins community channels to stay informed about any potential protocol security issues and how to address them.
3. Protect Your Assets:
   • Secure Wallets: Use reputable wallets with strong security features to store your assets.
   • Private Keys: Keep your private keys secure and never share them with anyone. Consider using hardware wallets for enhanced protocol security.
4. Be Vigilant:
   • Phishing Attacks: Be cautious of phishing attacks and always verify the authenticity of any communication related to Goblins.
   • Regular Audits: Conduct regular security audits of your own systems if you are integrating Goblins products or services.

Conclusion

Goblins is deeply committed to ensuring the protocol security of the Web3 ecosystem. By continually improving our products and processes and engaging the community in security reviews, we aim to create a safe and trustworthy environment for all users. If you discover a security vulnerability, please report it promptly to help us maintain the highest security standards. Your vigilance and participation are crucial to the ongoing security of the Goblins ecosystem.

Hiring Scams Podcast

Beware of Hiring Scams Posing as Recruiters

Scammers may pose as recruiters from organizations, including Goblins, with fake job offers. Here’s how to recognize and protect yourself from these fraudulent schemes:

Recognizing Hiring Scams

1. Fake Job Offers:
   • Unsolicited Offers: Be cautious of unsolicited job offers from unknown recruiters.
   • Too Good to Be True: Job offers promising high salaries with minimal qualifications or effort should raise suspicion.
2. Requests for Payment:
   • Training Fees: Scammers may ask for payment for providing “training” or other services.
   • Upfront Costs: Legitimate companies do not ask for payment as part of the job application process.
3. Convincing Documents:
   • Official-Looking Emails: Scammers often use convincing emails and documents to appear legitimate.
   • Personal Information: They may ask for personal information, aiming to steal your identity or commit fraud.

Protecting Yourself from Hiring Scams

1. Verify Recruiter Credentials:
   • Official Channels: Confirm job offers through official Goblins communication channels or the company’s official website.
   • Contact Directly: Reach out directly to the company’s HR department to verify the legitimacy of the job offer.
2. Never Pay for a Job:
   • No Upfront Fees: Legitimate companies do not require payment for job applications, training, or placement services.
   • Report Requests: If asked for money, report the recruiter to the company and relevant authorities.
3. Protect Personal Information:
   • Limit Sharing: Do not share personal information, such as your Social Security number or banking details, with unverified recruiters.
   • Secure Documents: Be cautious about sharing your resume or other documents that contain sensitive information.

Additional Tips and Considerations

1. Research the Company:
   • Company Website: Check the company’s official website for job listings and contact information.
   • Online Reviews: Look for reviews and feedback about the company’s hiring practices.
2. Check Email Authenticity:
   • Email Domain: Verify that the email domain matches the official company domain.
   • Phishing Signs: Look for signs of phishing, such as grammatical errors, urgent language, and suspicious links.
3. Enable Security Measures:
   • Email Security: Use spam filters and email security settings to reduce the risk of scam emails reaching your inbox.
   • Two-Factor Authentication: Enable two-factor authentication on your email account for added security.
4. Engage with Trusted Networks:
   • Professional Networks: Use professional networking sites like LinkedIn to verify recruiters and job offers.
   • Community Forums: Participate in industry forums and groups to get insights and advice on job offers and recruitment practices.

Reporting Hiring Scams

• Contact Goblins: If you encounter any employment scams related to Goblins, please reach out to us immediately.
• Report to Authorities: Report the scam to local law enforcement and relevant regulatory bodies to help prevent others from falling victim.

Conclusion

Hiring scams can be highly convincing, but by verifying recruiter credentials, avoiding upfront payments, and protecting your personal information, you can safeguard yourself from these fraudulent schemes. Always verify job offers through official channels and report any suspicious activity to Goblins and the relevant authorities. Stay informed and vigilant to protect your career and personal information.

Honeypot Scams Podcast

Beware of Honeypot Scams in Cryptocurrency

Honeypot scams are tokens specifically designed to trap buyers by preventing them from selling. Scammers lure victims into purchasing these tokens, then use the token’s contract to block sales, ultimately leading to a “rug pull.”

Understanding Honeypot Scams

Scam Tactics:

• Purchase Trap: Victims are tricked into buying a token.
• Sale Block: The token’s contract prevents the victim from selling their tokens.
• Rug Pull: Scammers remove liquidity from the pool, making the token worthless and unsellable, and steal the crypto in the liquidity pool.

Methods Scammers Use to Prevent Token Sales

1. Blacklist Function: Prevents specific addresses from trading.
2. Whitelist Function: Restricts trading to certain addresses only.
3. Anti-Whale Function: Limits the number of tokens that can be transacted per wallet or overall.
4. Cooldown Function: Implements a delay before tokens can be sold after purchase.
5. Suspend Trading Function: Stops all buying and selling of the token.
6. High Sell Tax: Imposes a high tax on sales, often above 10%, with anything over 50% making the token effectively untradable.
7. Modifiable Tax: Allows the contract owner to change the transaction tax, potentially increasing it to a prohibitive level.
8. Change Balance Function: Enables an address to alter the balance of tokens at other addresses.
9. Proxy Contract: Allows the contract owner to modify token functions, affecting its price.
10. Hidden Owner: Even if ownership is renounced, the developer can still manipulate the contract.

Protecting Yourself from Honeypot Scams

Contract Verification:

• GoPlus Labs: Run the contract address through GoPlus Labs for a security audit.
• TokenSniffer: Use TokenSniffer to check for known scam patterns in the contract.

Community and Market Checks:

• Multiple Address Sales: Verify if multiple addresses can sell the token using platforms like DexScreener and Defined.fi.
• Social Media Insights: Check Twitter and other social media platforms to see what holders are saying about the token.

Conduct Thorough Research:

• Read Reviews and Reports: Look for reviews and security reports on the token and its contract.
• Community Feedback: Engage with the crypto community to gather more insights and warnings about potential scams.

Conclusion

Honeypot scams pose a significant risk in the cryptocurrency market. By understanding the various methods scammers use and following the steps outlined above, you can protect yourself from falling victim to these scams. Always conduct thorough research and use reliable tools to verify the legitimacy of any token before investing. Stay informed, stay vigilant, and safeguard your crypto assets.

Investment Scams Podcast

Protecting Yourself from Scam Websites Posing as Goblins

Many crypto scam websites impersonate various companies, including Goblins, offering fraudulent crypto investment opportunities with promises of high returns and no risk. It’s crucial to be aware that Goblins will never engage in such practices.

Key Points to Remember

1. Goblins’ Official Stance:
   • No Investment Opportunities: Goblins does not offer any kind of crypto investment accounts, mining contracts, or pledges.
   • No Direct Solicitations: Goblins will never message you to solicit investments or funds.
2. Identifying and Reporting Crypto Scams:
   • Suspicious Offers: If you encounter an crypto investment opportunity that seems too good to be true, it likely is.
   • Report Scams: Report any scams you come across to the SEC, the FTC, or your state’s securities regulator.

Steps to Protect Yourself from Scams

1. Check for Errors:
   • Spelling and Grammar: Look for spelling and grammatical errors on the website. Scammers often have poorly constructed websites.
2. Conduct Thorough Research:
   • Company Validity: Investigate the legitimacy and trustworthiness of the company. Look for official documentation, reviews, and credible sources.
3. Evaluate Opportunities Critically:
   • Too Good to Be True: If an investment opportunity promises exceptionally high returns with no risk, it’s likely a scam.
4. Verify Trusted Parties:
   • Credibility Check: Only send funds to parties you have thoroughly vetted and trust. Look into their background and reputation in the industry.

Additional Tips and Considerations

1. Use Official Channels:
   • Official Website: Always use the official Goblins website and channels for information and transactions.
   • Verify Contact Information: Ensure that any contact information matches what is provided on the official Goblins website.
2. Be Cautious of Unsolicited Messages:
   • Unexpected Offers: Be wary of unsolicited messages, emails, or calls that ask for investments or personal information.
   • Phishing Attempts: Avoid clicking on links or downloading attachments from unknown sources.
3. Enable Security Features:
   • Two-Factor Authentication: Use two-factor authentication (2FA) on your accounts for added security.
   • Secure Wallets: Store your cryptocurrency in reputable and secure wallets.
4. Educate Yourself:
   • Stay Informed: Keep yourself updated on common scams and fraud tactics in the cryptocurrency space.
   • Community Engagement: Participate in crypto communities to share experiences and learn from others.

Conclusion

Scam websites posing as legitimate companies, including Goblins, are prevalent. Protect yourself by conducting thorough research, being critical of too-good-to-be-true opportunities, and only dealing with trusted parties. Report any suspicious activities to relevant authorities and stay informed about the latest security practices to safeguard your investments.

Reporting Crypto Scams Podcast

Reporting Crypto Scams and Understanding the Decentralized Nature of Goblins Protocol

If you have fallen victim to a crypto scam, it is crucial to take immediate action by contacting your local government authorities. Here are some steps and resources to help you report crypto scams:

Reporting Crypto Scams

1. Contact Local Authorities:
   • Local Cyber Crime Unit: Reach out to your local cyber crime authorities to report the scam.
   • Government Authorities: Contact relevant government agencies that handle fraud and cyber crime in your country.
2. Useful Reporting Links:
   • Chainabuse.com: A platform for reporting and tracking crypto scams.
   • FTC Report Fraud: Report fraud to the U.S. Federal Trade Commission.
   • IC3 Complaint: File a complaint with the Internet Crime Complaint Center (IC3).
   • Local Authorities: Check for local cyber crime reporting options in your country or region.

Decentralized and Censorship-Resistant Nature of Goblins Protocol

The Goblins protocol operates on a decentralized network, which means there is no central authority that can restrict or block users from interacting with it. This decentralized nature ensures censorship resistance, providing the following implications:

1. No Central Authority:
   • Unrestricted Access: Anyone can use the Goblins protocol without restrictions, as there is no governing body that can enforce limitations.
   • Immutable Transactions: Transactions on the Goblins protocol are immutable and cannot be altered or reversed by any entity.
2. User Responsibility:
   • Security Awareness: Users must remain vigilant and take proactive steps to protect their assets, as there is no centralized entity to intervene in case of fraud.
   • Due Diligence: Always conduct thorough research before interacting with any decentralized applications (dApps) or granting approvals to smart contracts.

Tips and Considerations

1. Stay Informed:
   • Crypto Scams: Keep yourself updated on common crypto scams and tactics used by fraudsters to better protect your assets.
   • Security Practices: Follow best security practices, such as using hardware wallets, enabling two-factor authentication, and regularly updating your software.
2. Community Engagement:
   • Join Forums: Engage with the Goblins community and other crypto forums to share experiences and learn from others.
   • Report Scams: If you encounter suspicious activities, report them to the community to help others avoid falling victim to similar scams.
3. Legal Recourse:
   • Seek Legal Advice: If you have been scammed, consider seeking legal advice to explore possible legal actions you can take.

Conclusion

While the decentralized nature of the Goblins protocol ensures censorship resistance and unrestricted access, it also places the responsibility of security and fraud prevention on the users. If you fall victim to a scam, report it immediately to local authorities and use the provided resources. Stay informed, practice secure habits, and engage with the community to enhance your security in the decentralized world of cryptocurrency.

Wallet Approvals Podcast

Importance of Managing Wallet Connections and Approvals

Being vigilant about what your crypto wallet approvals is connected to is crucial for maintaining the security of your assets. If you have fallen victim to an approval scam, it is important to revoke the malicious approval as soon as possible.

Checking and Managing Wallet Approvals

To protect your assets, regularly check your crypto wallet’s approvals using trusted tools. Here’s how:

1. Use Revoke.Cash:
   • Access the Tool: Visit Revoke.Cash.
   • Connect Your Wallet: Connect your wallet to the site to review and manage all the approvals associated with your wallet.
   • Revoke Unnecessary Approvals: Identify any suspicious or unnecessary approvals and revoke them to prevent unauthorized access to your assets.

Tips and Considerations

1. Regular Monitoring:
   • Frequent Checks: Regularly review your crypto wallet’s approvals to ensure no unauthorized access is granted.
   • Update Connections: Periodically update your connections and remove any that are no longer needed.
2. Revoking Approvals:
   • Gas Fees: Be aware that revoking approvals will incur a gas fee. Ensure you have enough of the network’s native token to cover these fees.
   • Immediate Action: If you suspect any malicious activity, revoke the approval immediately to minimize potential damage.
3. Secure Wallet Practices:
   • Use Reputable Tools: Only connect your wallet to trusted and reputable sites.
   • Private Key Management: Keep your private keys secure and avoid sharing them with anyone. Consider using hardware wallets for added security.
4. Be Cautious with Approvals:
   • Verify Before Approving: Always verify the legitimacy of a site or application before granting any approvals.
   • Limit Approvals: Grant the minimum necessary permissions and avoid blanket approvals for unlimited access.

Conclusion

Managing your wallet connections and approvals is essential for safeguarding your digital assets. Regularly check your approvals using tools like Revoke.Cash, and revoke any unnecessary or suspicious permissions. While revoking approvals incurs a gas fee, it is a small price to pay for the security of your assets. Stay vigilant, use reputable tools, and practice secure wallet management to protect your investments.

Website Spoofing Podcast

Protecting Yourself from Website Spoofing Scams

Scammers often create fake websites that mimic legitimate ones, a tactic known as website spoofing. These counterfeit sites aim to deceive victims into approving malicious contracts, which can lead to the total loss of tokens and NFTs.

Recognizing and Avoiding Website Spoofing Scams

1. Website Spoofing:
   • Fake Websites: Scammers create websites that closely resemble legitimate sites to trick users.
   • Malicious Contracts: These fake sites aim to deceive victims into approving malicious contracts that can drain their assets.

Steps to Protect Yourself from Website Spoofing

1. Double-Check URLs:
   • Verify the URL: Always double-check the URL of the website you are visiting. Ensure it matches the official URL of the site you intend to use.
   • Look for HTTPS: Make sure the URL begins with “https://” which indicates a secure connection.
2. Use Transaction Screeners:
   • ScamSniffer: Utilize tools like ScamSniffer to screen transactions and identify potential scams before approving any contracts.
   • Other Security Tools: Consider using other reputable security tools that provide warnings about malicious sites and contracts.
3. Be Cautious with Links:
   • Discord and Telegram: Be wary of links provided by users on platforms like Discord or Telegram. Scammers often use these channels to distribute malicious links.
   • Official Sources: Only click on links from official sources or directly type the URL into your browser.
4. Verify with Support:
   • Suspicious Links: If you are suspicious of a link, contact the support team of the legitimate website you want to use to verify its authenticity.
   • Official Channels: Use official communication channels to reach support.
5. Heed Warnings:
   • Browser Alerts: If your browser, internet provider, or wallet issues a warning about a suspicious site, do not proceed.
   • Security Features: Pay attention to security features and warnings provided by your browser or wallet.

Additional Tips and Considerations

1. Educate Yourself:
   • Common Scams: Learn about common scam tactics and stay updated on the latest security threats in the crypto space.
   • Community Forums: Participate in community forums to share experiences and stay informed about new scams.
2. Use Reputable Wallets and Browsers:
   • Secure Wallets: Use reputable wallets with robust security features to manage your crypto assets.
   • Trusted Browsers: Ensure your web browser is up-to-date and equipped with security features to detect and block malicious sites.
3. Enable Two-Factor Authentication:
   • Extra Security: Enable two-factor authentication (2FA) on your accounts to add an additional layer of security.
   • Authentication Apps: Use authentication apps rather than SMS-based 2FA for enhanced security.
4. Regularly Monitor Your Assets:
   • Check Transactions: Regularly check your wallet and transaction history for any unauthorized activities.
   • Immediate Action: If you notice any suspicious activity, take immediate action to secure your assets and report the incident.

Conclusion

Website spoofing scams are designed to deceive users into approving malicious contracts, leading to the loss of their assets. Protect yourself by double-checking URLs, using transaction screeners like ScamSniffer, being cautious with links, verifying with support, and heeding security warnings. Stay informed, use reputable security tools, and maintain vigilant practices to safeguard your tokens and NFTs from these scams.

Sandwich Attack Podcast

Understanding Sandwich Attacks and How to Mitigate Them

A sandwich attack is a type of blockchain attack where an attacker manipulates the price of a token to make a profit by sandwiching a user’s swap transaction between two of their own transactions. This results in a financial loss for the user.

How Does a Sandwich Attack Work?

1. User Submits a Swap:
   • A user initiates a swap transaction, which is then pending confirmation on the blockchain.
2. Front-Running:
   • A blockchain attacker detects the pending transaction and anticipates that the token price will increase. They then submit their own swap transaction to buy the token at the current lower price before the user’s transaction is confirmed.
3. User’s Transaction:
   • The user’s transaction is processed next, but due to the attacker’s prior transaction, the token price has already increased. As a result, the user receives fewer tokens than expected.
4. Back-Running:
   • The attacker immediately sells the tokens they bought at the now higher price, completing the sandwich attack and securing a profit.

Result

The attacker profits from the price increase between their front-running and back-running transactions, while the user suffers a loss due to receiving fewer tokens at a higher price.

Why Are Attacks Possible?

Sandwich attacks exploit two main aspects:

• Price Slippage: The difference between the expected and actual price due to market movements.
• Blockchain Transparency: The visibility of pending transactions allows attackers to predict and manipulate token prices.

Ways to Reduce the Risk of Sandwich Attacks

Use Large Liquidity Pools

• Advantage: Larger liquidity pools are less susceptible to price manipulation because individual transactions have a smaller impact on the overall token price.
• Action: Always opt for swaps in pools with high liquidity to minimize the effects of slippage and reduce the risk of sandwich attacks.

Use Swap Protection

• MEV Blocker: If your wallet supports swap protection through a Maximum Extractable Value (MEV) Blocker, it can shield your transaction from front-running and sandwich attacks.
• Action: Enable swap protection features if available in your wallet to safeguard your transactions.

Additional Tips and Considerations

• Monitor Transaction Fees: Higher fees can deter attackers by making sandwich attacks less profitable.
• Limit Slippage Tolerance: Setting a lower slippage tolerance can help ensure your transaction fails rather than being exploited, but it might increase the likelihood of transaction failure in volatile markets.
• Stay Informed: Keep up-to-date with the latest security measures and tools that can help protect against such attacks.

Conclusion

Sandwich attacks take advantage of blockchain transparency and price slippage to profit at the expense of unsuspecting users. By using large liquidity pools and enabling swap protection, you can significantly reduce the risk of falling victim to such attacks. Always remain vigilant and proactive in managing your transactions to ensure the highest level of security.

WhatsApp Support Scams Podcast

Beware of Scams: Goblins Will Not Contact You via WhatsApp

If you receive a message from someone claiming to be from Goblins through WhatsApp, it is a scam. Goblins does not use WhatsApp for official communication.

Key Points to Remember

1. Official Communication Channels:
   • No WhatsApp Messages: Goblins does not communicate through WhatsApp. Any message you receive via WhatsApp claiming to be from Goblins is fraudulent.
   • Official Channels: Always rely on official Goblins communication channels, such as the official website, verified social media accounts, and official email communications.

Tips to Protect Yourself from Scams

1. Verify the Source:
   • Check Authenticity: Always verify the authenticity of the message source. Use official Goblins contact information to cross-check.
   • Official Announcements: Refer to the official Goblins website or verified social media accounts for any announcements or communications.
2. Do Not Share Personal Information:
   • Protect Your Data: Never share personal information, passwords, or private keys with anyone claiming to be from Goblins.
   • Avoid Clicking Links: Do not click on any links or download attachments from unsolicited messages.
3. Report Suspicious Activity:
   • Report Scams: If you receive a suspicious message, report it to Goblins through their official communication channels.
   • Block and Delete: Block the sender and delete the message to prevent further contact.

Additional Tips and Considerations

1. Stay Informed:
   • Follow Official Channels: Regularly check Goblins’ official channels for updates and announcements.
   • Learn About Scams: Educate yourself about common scam tactics in the cryptocurrency space.
2. Enable Security Features:
   • Two-Factor Authentication: Use two-factor authentication (2FA) on your accounts to add an extra layer of security.
   • Secure Wallets: Ensure your cryptocurrency is stored in secure, reputable wallets.
3. Engage with the Community:
   • Join Forums: Participate in Goblins community forums and social media groups to share experiences and learn from other users.
   • Seek Help: If in doubt, seek advice from trusted community members or Goblins’ official support channels.

Conclusion

Receiving a message on WhatsApp from someone claiming to be from Goblins is a scam. Protect yourself by verifying the source of communications, never sharing personal information, and using official channels for all Goblins-related inquiries. Stay informed about common scams and maintain robust security practices to safeguard your investments.

WhatsApp or Telegram Investment Scams Podcast

Beware of WhatsApp and Telegram Crypto Analysis Group Scams

A prevalent scam on WhatsApp and Telegram involves fake crypto analysis groups. These groups lure unsuspecting individuals by promising near 100% returns on investments with little to no risk.

Recognizing and Avoiding Crypto Analysis Group Scams

1. High Return Promises:
   • Unrealistic Claims: These groups often promise exceptionally high returns on investments, which is a major red flag.
   • No-Risk Guarantees: Any investment claiming to offer high returns with no risk should be viewed with skepticism.
2. Unauthorized Group Additions:
   • Unsolicited Invitations: If you are added to an investment group without your permission, be cautious and do not participate.

Protecting Yourself from Scams

1. Accept Messages Only from Known Contacts:
   • Privacy Settings: Adjust your messaging app settings to accept messages only from people you know.
   • Verify Contacts: Always verify the identity of the person messaging you before engaging in any conversation about investments.
2. Be Skeptical of High Return Promises:
   • Too Good to Be True: If an investment opportunity sounds too good to be true, it probably is. Legitimate investments rarely offer guaranteed high returns with no risk.
3. Immediate Action:
   • Leave the Group: If you are added to a suspicious group, leave immediately to avoid potential scams.
   • Report the Group: Report the group to the messaging app’s support team to help prevent others from falling victim.

Additional Tips and Considerations

1. Conduct Thorough Research:
   • Validate Information: Always do your own research into the validity and trustworthiness of any investment opportunity.
   • Check Reviews: Look for reviews and feedback from other users to gauge the credibility of the group or platform.
2. Use Official Communication Channels:
   • Direct Communication: For any investment-related queries, use official communication channels and platforms.
   • Avoid Unverified Sources: Refrain from acting on investment advice received from unverified sources on social media or messaging apps.
3. Enable Security Features:
   • Two-Factor Authentication: Use two-factor authentication (2FA) to enhance the security of your messaging apps and investment accounts.
   • Regular Updates: Keep your apps and devices updated to protect against security vulnerabilities.
4. Engage with Trusted Communities:
   • Join Reputable Forums: Participate in reputable crypto communities and forums where you can share experiences and seek advice.
   • Ask Questions: If in doubt, ask questions and seek clarification from trusted sources before making any investment decisions.

Conclusion

Scammers on WhatsApp and Telegram often create fake crypto analysis groups to lure victims with promises of high returns and no risk. Protect yourself by accepting messages only from known contacts, being skeptical of too-good-to-be-true opportunities, and conducting thorough research. Always use official channels for investment-related queries and enhance your security settings to safeguard your assets. Stay vigilant and informed to avoid falling victim to these scams.