This article aims to warn Web3 practitioners to pay attention to the threat of risky USDT by sorting out the details of sanctions and freezes.

This article aims to introduce the hacking incident and its fund laundering methods, and warns that in the next few months, there will be a large-scale freeze wave targeting OTC groups and Crypto payment companies.

The incident not only revealed DEXX’s loopholes in asset management, but also provided us with an opportunity to gain a deeper understanding of the risks of custodial wallets.

This article will introduce two common methods of stealing coins from hardware wallets - hardware wallet manual fraud and hardware wallet modification and disguise scam.

Bitrace conducts in-depth analysis and detailed disassembly of fraud methods that crypto users may encounter at different stages of growth, supplemented by real cases, aiming to provide investors with practical anti-fraud skills.