• Wallet security letter #8: My wallet was drained but my password was not compromised
• imToken Supports Decoded Trade Activity to Read On-Chain Information Effortlessly
• imToken 2022 Year in Review
• Ethereum Shanghai Upgrade
• What’s New?
• Enhanced ETH Wallet: A Smooth and Intuitive Experience
• Advanced Privacy Protection with the Updated Custom Node Feature on imToken
  FTX, a centralized exchange, declared bankruptcy on November 11, 2022
  This was triggered by Coindesk’s report which uncovered problems with FTX’s balance sheet
  In response, Binance founder CZ announced he would sell his FTT tokens, causing market panic and a surge in FTT sell-offs, leading to a steep drop in FTT's price and a surge of users seeking to redeem their crypto
  FTX ultimately collapsed due to an inability to pay its debts

FTX's bankruptcy had a major impact on the cryptocurrency industry, causing investment firms like Sequoia Capital and Temasek to incur significant losses
Ordinary users were also affected, as they were unable to retrieve their assets deposited in the exchange

If an exchange goes bankrupt or gets hacked, users may be unable to access their assets because users do not actually have control over their assets
The balances displayed on exchanges are simply records in the exchange's database, and if something goes wrong at the exchange, users may suffer a loss

The FTX bankruptcy reminds us to think about how to protect our assets
As ordinary users, what can we do to avoid investment accidents and safeguard our crypto?
More and more users are choosing decentralized wallets because they allow for full control over assets
There is no need to worry about the wallet provider disappearing, as assets are stored on the blockchain and the provider simply assists with private key management

Decentralized wallets have evolved beyond just asset management, and now offer functions like decentralized trading and financial management
imToken is one example of a decentralized wallet that offers these features

• Decentralized trading
  Decentralized exchanges such as Tokenlon can be used within the wallet for swapping tokens, providing a convenient experience without the risk of assets being held on a centralized exchange
• Decentralized finance (DeFi)
  One way to potentially earn more on the assets you hold is by participating in DeFi, such as earning interest on your cryptocurrency holdings
• Decentralized wallets are not yet able to entirely substitute centralized exchanges, as some traders have a need for a wider range of tradable assets and more advanced trading capabilities

By properly allocating our assets, we can make use of the benefits of both decentralized wallets and exchanges and reduce the risk of investment accidents
This can help us avoid the potential consequences of a centralized exchange experiencing a single point of failure and losing all of our assets as a result

In addition to selecting appropriate tools for asset allocation, it is also important to be aware of and protect ourselves against common scams
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Security Alert｜TRX multisig scams

Recently, TRX multisig scams have been rampant
Scammers get users’ mnemonics by luring them to download a fake imToken App
Instead of directly stealing assets away, they change users’ TRX wallet account permissions, causing users to lose control over their assets
The user is only able to transfer tokens into the wallet, but not out

We explained how the scam works and offered tips on how to avoid them
To learn more, follow the link

Some users have recently reported receiving zero value transactions, such as 0 USDT or 0 USDC, in their wallet addresses without their knowledge
If you have received one of these transactions, do not worry as it will not affect the security of your assets
To learn more about how these transactions happen and how to protect yourself, click the link

imToken has implemented measures to remove 0 USDT transactions in TRX wallets
If scammers try to initiate this type of transaction, you will not receive any notifications about the transfer or receipt
imToken will also continue to improve its risk control system to help users avoid such scams in future updates

In November, imToken marked 38 tokens and 765 addresses as risky and banned 388 DApp websites

If you come across any risky tokens or DApps, please report them to us at support@token
im to help more users avoid asset loss

As a general user, avoiding unexpected risks and ensuring the security of our assets may be an issue we need to pay attention to for a long time
imToken will continue to publish articles on security education and analyze common scams in the industry, so stay tuned