what is honey pot in crypto

Last Updated on December 1, 2023 by Paganoto

Demystifying Honeypots in Ethereum Smart Contracts

Demystifying Honeypots in Ethereum Smart Contracts

A honeypot is a smart contract that pretends to leak its funds to an arbitrary user (victim), provided that the user sends additional funds to it. However, the funds provided by the user will be trapped and at most the honeypot creator (attacker) will be able to retrieve them.

What is a honeypot crypto scam and how to spot it?

What is a honeypot crypto scam and how to spot it?

Honeypots are smart contracts that appear to have a design issue that allows an arbitrary user to drain Ether (Ethereum’s native currency) from …

What is a honeypot crypto scam? – The Edge Markets

What is a honeypot crypto scam? – The Edge Markets

Cointelegraph said honeypots are smart contracts that appear to have a design issue that allows an arbitrary user to drain Ether (Ethereum’s …

Honeypot – Binance Academy

Honeypot – Binance Academy

Honeypot | Definition: A mechanism used in computer security used to detect or counteract unauthorized access of information systems.

Honeypot Crypto Scams – What are They and How do They …

Honeypot Crypto Scams – What are They and How do They …

The first honeypot crypto scam … The simplest way to understand a complex phenomenon like a honeypot is to analyze a real case. In 2018, a …

Demystifying Honeypots in Ethereum Smart Contracts – USENIX

Demystifying Honeypots in Ethereum Smart Contracts – USENIX

by CF Torres · 2019 · Cited by 105 — Instead, they try to lure their victims into traps by deploying seemingly vulnerable contracts that contain hidden traps. This new type of contracts is commonly …

Clever Ethereum honeypot lets coins come in but won't let …

Clever Ethereum honeypot lets coins come in but won't let …

An interesting new Ethereum-based honeypot has been discovered that essentially allows hackers to steal from hackers. The honeypot is …

The Allure of Honeypot Scams, and How to Avoid Them

The Allure of Honeypot Scams, and How to Avoid Them

Honeypot scams are elaborate cyberattacks conducted through decentralized smart contracts. These contracts were originally meant to …

What is a honeypot crypto scam and how to spot it?

What is a honeypot crypto scam and how to spot it?

Instead, they aim to trick their victims into falling into traps by sending out contracts that appear to be vulnerable but contain hidden traps.