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Phishing attacks continue to pose a severe threat to crypto users. JP Thor highlights real-life scenarios where users can be tricked into giving away private keys simply by clicking on dubious links embedded in emails. These attacks can involve sophisticated software that seeks out sensitive information from devices. However, with the multi-actor wallet’s design, the risk is mitigated, as the key shares that users carry do not hold any value by themselves.
This approach dramatically reduces the chances of falling victim to online scams. Users can confidently manage their funds, knowing that even if one device is compromised, their money remains untouched.