SIM Swap
A SIM Swap attack is a type of fraud where a hacker gains control of a victim’s phone number by transferring it to a new SIM card. This is typically done by tricking or bribing a telecom provider’s customer service into porting the victim’s number to the hacker’s SIM card. Once they have control over the phone number, the attacker can bypass two-factor authentication (2FA) and access sensitive accounts, including cryptocurrency wallets and exchange accounts. SIM Swap attacks have led to significant losses in the crypto community as hackers use them to steal funds by resetting passwords and gaining unauthorized access to wallets. Example: A victim may lose access to their email or crypto exchange accounts if a hacker uses SIM Swap to bypass 2FA.
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Decentralized Applications (dApps)
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Two-Factor Authentication (2FA)
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What Is RCSC Crypto? Reserve Currency of Socialcom on Solana
RCSC is a Solana-based token designed as a reserve currency for social commerce ecosystems. Learn its tokenomics, market snapshot, risks, and explore RCSC on WEEX.
Total Value Locked (TVL)
Total Value Locked (TVL) represents the aggregate value of assets deposited or staked in a decentralized finance (DeFi) protocol or blockchain ecosystem, typically measured in a currency like USD.
Centralized Exchange (CEX)
Centralized Exchange (CEX), is a type of cryptocurrency exchange that operates through a central authority or intermediary.
Traditional Finance (TradFi)
Traditional Finance (TradFi) refers to the conventional financial system that operates through centralized institutions such as banks, stock exchanges, and regulatory bodies.
Real-World Assets (RWA)
Real-World Assets (RWA) are tangible or financial assets that exist in the physical world and can be tokenized or represented on a blockchain.
Zero-Knowledge Proofs (ZKPs)
Zero-Knowledge Proofs (ZKPs) are cryptographic methods that allow one party (the prover) to prove to another party (the verifier) that a statement is true without revealing any additional information beyond the validity of the statement itself.
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