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Contract signature verification

Etherum Reddit

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I‘ve been absent from the ethereum sphere for a while now. While I have some experience with uniswap LPs I‘ve never really put any significant amount of money in anything less known. The main reason being that it‘s already a gamble to simply interact with most of those contracts.

Here‘s my understanding of how most recent hacks worked:

  1. Phishing website is created by the attacker
  2. Phishing mail is sent to victims
  3. Victims go to website and connect their wallet to the dApp
  4. It says that they are simply signing a verification that they want to interact with this site (this is an assumption and what I‘m not sure about) but in reality they are signing a transaction which sends all their funds to the attacker

I assume (and hope) that the attack is a bit more sophisticated than that but the main issue is that people sign things they don‘t mean to because the information they get as to what they‘re signing is just a hexdump of some sort.

Is there a recent approach which changes this issue? I imagine some type of certificate infrastructure or something where a user sees some information about what they‘re signing on their wallet and then they can decide to sign based on that.

Last time I used uniswap I just signed stuff and prayed to god that it‘s the correct thing. There was literally no way for me to verify anything.

submitted by /u/Royal_Marketing529
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