The more I read on Web3 and the crypto-NFT markets, the more I wonder how the users got the money in the first place?
Here's an example:
Guy loses 2 million dollars. First by swapping a Bore Ape NFT for a fake one. But that was chump change compared to what came next.
Realizing he'd been scammed, the person went to revoke the permissions he'd granted. However, instead of using the real permission revocation service Revoke.cash, he ended up using a phishing site: Revokecash.net.
Only fifteen minutes after the first theft, six more Bored Apes were transferred out of his wallet.
Revoke.cash vs Revokecash.net. What a world?!?
Reminds me of a tape backup system on early PC, where you would type a command RESTORE or WRITE. Type the wrong word and you'd overwrite (into RAM memory) the work you just finished with yesterday's backup. All terms were rather new in hobby PC of the eighties. Easy to logically think that you wanted to STORE the code, not OVERWRITE what you have; save what you have in memory onto the tape recorder. Both would be wrong. Type RESTORE and press ENTER, and you lost a day's work. The tape would run and start to load your old code. Just a second for all to be technically overwritten. Wait was WRITE the word to type, as in WRITE the code onto PC memory?
Screams ensue. But not two million dollars of cash loss screams.