CoolWallet, a hardware wallet maker, has launched an anti-phishing campaign called the Web3 Guardian Competition in response to the rise of phishing attacks targeting users of Base’s decentralized social network Friend.tech. Friend.tech has gained significant attention in recent weeks and has seen its daily active user count surpass one million, with its transaction volume and total value locked reaching new records. However, with the growing popularity of the platform comes increased security risks, including phishing attacks. CoolWallet’s Web3 Guardian Competition aims to raise awareness about the importance of hardware wallet protection and promote its own Web3 SmartScan transaction screener, which proactively screens all Web3 transactions and alerts users to potential phishing attempts or smart contract vulnerabilities. The competition is part of CoolWallet’s efforts to enhance user security awareness and protect crypto portfolios.
