MATH

MathWallet Security Advisory: Common Scams and Prevention Measures
The MathWallet Security Team has compiled a list of common wallet security scams to help users stay vigilant and prevent security risks.

Common Scams:

Wallet backup errors leading to key exposure: Incorrect backup methods can lead to private key exposure and subsequent financial losses. Please be sure to read MathWallet’s security guide for proper backup procedures.

Impersonation of MathWallet officials for phishing: Scammers may impersonate MathWallet officials on platforms like Telegram and WeChat to trick users into providing private keys or seed phrases, or to direct them to phishing websites. Please note that MathWallet officials will never ask users for sensitive information such as private keys or seed phrases.

Ponzi scheme apps and tokens: Some Ponzi schemes may disguise themselves as MathWallet partners to scam users into investing in fraudulent projects. The tokens associated with these schemes typically have no real value and will eventually collapse, leading to user losses. Please note that MathWallet has never partnered with any Ponzi scheme. MathWallet is a decentralized wallet, and while any application can be opened using the MathWallet DApp browser, this does not imply MathWallet’s endorsement or partnership with the application. Users are advised to be cautious and not be swayed by false promises or high returns.

Malicious modification of application code: Some malicious applications may tamper with their code to change the functionality of the withdrawal button to transfer user assets to the developer’s address. MathWallet will strive to review listed applications, but cannot fully control application updates and iterations. Users are advised to carefully verify the operation content when entering passwords and update MathWallet to the latest version promptly.

Malicious Approvals: The Approve function allows third-party accounts (including personal accounts or smart contract accounts) to use a portion of a user’s assets without their knowledge. This operation poses a significant security risk. Users are advised to carefully review approval information and only authorize trusted applications.

How to Prevent Scams:

Never share your seed phrase, Keystore, or private key with anyone, including those claiming to be official representatives.
Download MathWallet only from the official website (https://mathwallet.org) and seek assistance through official channels.
Stay vigilant and do not be fooled by high returns or false advertising.
Carefully verify the operation content when entering passwords.
Report suspicious applications to the MathWallet Security Team promptly.
The MathWallet Security Team will continue to monitor the security landscape and take proactive measures to protect user funds.

Users are encouraged to raise their security awareness and work together to maintain wallet security.

Please let me know if you have any other questions.