Users are advised not to panic if their wallet history or notifications show unusual transactions, as this does not indicate a compromise of their mnemonic phrases or private keys. Such occurrences are often due to fake token contracts that manipulate event logs. These contracts can control the details of the logs, leading wallets and block explorers to generate misleading notifications and history records. This tactic is used to create unnecessary alarm among users, making them believe there is an issue with their wallet. Wallet providers are encouraged to implement clear risk alerts to help users identify these false alarms.
Fake Token Contracts Cause False Wallet Alerts
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.