@naiquenhardgrove

Phishing has been a long-standing threat in web2 environments. In web3, the process is similar: malicious actors use fake interfaces that mimic legitimate platforms, tricking users into revealing private keys or signing malicious transactions. These attacks rely on web2 weaknesses, such as spoofed domain names and fraudulent emails, to deceive users into thinking they are interacting with a legitimate decentralized platform. For example, a phishing scheme targeting a DeFi platform might use a spoofed web2 website to compromise web3 wallets and steal funds. Consequently, the overlap of these two networks creates new ways for bad actors to blend traditional phishing attacks with new technologies, posing significant threats for users who assume decentralization alone protects them.

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