Reentrancy attacks exploit vulnerabilities in smart contracts by forcing them into infinite loops, allowing malicious contracts to steal NFTs without a trace, making it a crucial risk for NFTs.
In decentralized NFT markets, technical support scams prey on users' trust, with malicious actors misleading them on Discord and Telegram, leading to significant asset thefts.
Marketplace hacks pose a major threat to NFT buyers, as centralized platforms are targets for cybercriminals, evidenced by significant thefts from sites like Nifty Gateway and OpenSea.
With 95% of NFTs being worthless, valuable ones become prime targets for hackers, making it essential for buyers to understand and mitigate their cybersecurity risks.
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