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Ledger CTO on How NOT to Lose Your Crypto

Bankless

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Navigating NFT Transactions and Security

This chapter explores how NFT transactions on OpenSea operate, highlighting the vulnerabilities associated with off-chain signatures and the implications of gas fees. It emphasizes the importance of managing allowances and protecting against phishing while discussing the risks of blind signing in DeFi transactions. Solutions to improve user safety, such as advanced hardware wallets and clearer interfaces, are also introduced to enhance the overall experience in decentralized finance.

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