Some scams are as old as time itself. Technology and security may move on, from portcullises and vats of boiling oil, to cryptographically secure decentralized networks.
There is of course a modern equivalent to LADDERS and ROPE, and for that we can turn our beady eyes to BLIND SIGNING.
A legitimate process in many crypto transactions, but also the ONE OF THE MAIN ATTACK VECTORS in modern crypto scammery.
What exactly is it? How do you know when a SCAM may be lurking? And what’s the solution to that?
Well, let’s open our eyes, because we’re going on a wild ride into a more modern form of skullduggery.
Welcome to School of Block.
Sections in this video
0:00 Intro
1:16 Smart contracts and blind signing
3:00 A blind signing example
4:26 Blind signing with a hardware wallet
5:12 Blind signing scams
7:08 Ledger’s solution
7:52 Clear signing
11:26 Rules of thumb for staying safe
13:38 Wrapping it up
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