NFT News

Coinbase Wallet Introduces New Safety Measures in Wake of NFT Scams

Coinbase has announced new safety features to its NFT Wallet app

Coinbase, one of the leading crypto firms, has announced new safety and user experience features to its Wallet app in order to combat the growing number of phishing scams, malicious airdrops, and other scams targeting crypto users.

The new features, including transaction previews, token approval alerts, a blocklist of flagged dApps, and improved revoke features, will help Wallet users better understand how engaging with a smart contract will affect their Wallet balances before they sign, and will also help to protect users from malicious activity.

This move from Coinbase comes days after a high-profile incident of a phishing attack that drained over $1 million worth of NFTs from a user’s wallet, and at a time when crypto scams have been spreading on Twitter.

Coinbase’s new features to its Wallet app are a welcome addition to the crypto space and will hopefully help users better protect their crypto investments.


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