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Zengo Wallet Profile picture
Zengo Wallet
@ZenGo
Secure by default: Self-custodial, no seed phrase vulnerability. Powered by #MPC https://t.co/zfK3gn71pa
Jun 23, 2022 • 6 tweets • 4 min read
NOW LIVE!

Introducing ClearSign: a game-changing tool to make #Web3 more secure.

#ClearSign = Web3’s FireWall 🔥🚫

theblock.co/post/153520/cr…

Learn how and why

🧵 1/6 👇 2/6
#NFTs and #crypto are stolen from users through misleading transactions/smart contracts set up by scammers.

This is unacceptable.

#ClearSign gives your wallet the ability to show transactions in human-readable text, which allows users to read a transaction's true intent.
May 12, 2022 • 7 tweets • 5 min read
According to Coinbase: Users *could* lose their #crypto holdings on the exchange if it files for bankruptcy.

Source: businessinsider.com/coinbase-warni…

But it’s more nuanced than that.

Now is the time to explain a *CRITICAL* difference between #exchanges & #crypto wallets

🧵1/7 2/7 #Crypto exchanges operate similar to traditional banks.

Exchanges hold your assets for you, and make it easy to swap between the traditional fiat financial system (like $USD) and the world of crypto (like #Bitcoin).
May 11, 2022 • 16 tweets • 8 min read
It’s been a challenging time in the #crypto market - especially for the #Terra $LUNA ecosystem and $UST stablecoin.

Here’s a thread about what’s going on 🧵 1/16

⬇️ 2/16 $UST @terra_money is the US dollar #stablecoin in the Terra Luna ecosystem.

The goal of any stablecoin is to achieve price stability – whether the coin is pegged to the US dollar, Euro, or Korean Won, what you see is (ideally) what you get: A stable, dollar-like currency.
Jul 2, 2020 • 9 tweets • 6 min read
🚨 Imagine receiving $100.

You think you received the funds, but they never really arrived, and the worst is yet to come.

Today, we introduce #BigSpender: a vulnerability in some of #Bitcoin ’s most popular wallets, allowing attackers to double (and multiple) spend. 🔓 #BigSpender attacks:

1. Double-spend: Canceled tx still appears in the victim’s wallet

2. Amplification attack: Attackers can repeat the above attack to artificially turn $10 to $1000

3. DoS: When trying to “send all”, the transaction fails