As unable to change dynamic passwords (NFT) attract more users, they also attract the attention of fraudsters. Bad artists in Web3 have turned their attention to digital collections, and millions of people have been damaged by fraud and various attacks.

However, according to professionals in the Web3 industry, there are a variety of ways and tools to prevent becoming victims of NFT theft. In addition, users can also take various actions after the digital collection is taken away by network hackers.

Gu Ronghui, co-founder and CEO of blockchain security company CertiK, told Cointelegraph that the first and important step has been financial due diligence. "to avoid clicking on abnormal connections, you should be very careful when signing dynamic password audits," Gu Fenghuang said.

Further, the executive shares other good practices, such as maintaining and revoking useless administrative privileges on a regular basis, and dividing it into different types of wallets based on the effect of NFT. He explained:

"long-term investments should be placed in a secure wallet that at least (if any) interacts with the program. Learning the hardware configuration wallet is a bit steep, but it's worth the time.

When asked what could be done if the property was lost, Mr. Fu said it was pessimistic, but there was not much that users could do. However, the NFT sales market can blacklist NFT so that they cannot buy or sell transactions. "raising people's understanding of widespread fraud is an ongoing diligence. Culture educates users about the safest trading rules on how to better minimize risk is the first step, "he added.

While hardware-configured wallets may be a good solution, Michael Pierce, CEO of Web3 security company NotCommon, says there are still risks. He explained:

You should buy the hardware configuration directly from the manufacturer to minimize the probability that the wallet has been forged.

In addition, if a fraud or attack has occurred, Pierce suggests that victims report to database systems such as NotCommon, which can help maintain the security of others and identify fraudsters. If the potential damage is significant, the executive urges the victim to adopt legal and regulatory actions where possible.

Arafat Issa, the most senior investment analyst at big data's Chainanalysis, also shared some views on the topic. According to ISSA, as NFT becomes one of the fastest-growing areas in the login password industry, it is becoming "the best overall goal for cyber hackers". He explained:

NFT trading brings a new test to digital currency research. Compared with traditional centralized service projects, blockchain technical agreement is more complex and untraceable.

Issa also told Cointelegraph that it was necessary to be proactive when becoming a victim of theft. While it is important to report fraud and hacking to law enforcement agencies, I firmly believe that NFT holders can maintain their project investments through devices such as the company's analytical system Story Lline.

ISSA believes that the dedicated tool will allow users to cooperate with investigators after hacking and help them focus on the most important trading assets.

Alvin Kan, BNB Chain Growth's product director, also shared that users can use devices such as the revoke.ash-a way to check wallet status and revoke approvals-and browser extensions that warn of risks before signing a contract.

In the BNB Chain ecosystem, Naoto Kan told Cointelegraph that the community has been trying to bring more safety tools for NFT. The executive mentioned a special NFT tool called GoPlus, which can detect the authenticity of NFT information and other drive chains such as DappBay's Red Alarm and AvengerDAO, which Mr Kan believes will help users stay one step ahead of fraudsters. He explained:

With the support of new ecosystem projects, these tools immediately assess the risk level of new projects and send the alarm of potential risk Dapp to users, so that it is not easy for users to interact with intentional Dapp and contract.

After becoming a victim of cyber hackers or fraud, Naoto Kan expounded the importance of touching the NFT market. When everything succeeds, the executive says, burning dynamic passwords may be a last resort. Contacting new NFT projects and requiring them to damage affected or stolen OPPs may be the final solution.