The cryptocurrency world was recently shaken when a phishing attack drained $1 million from Alex Choi, the founder of Fortune Collective, by exploiting the new EIP-7702 feature on the Ethereum blockchain, which is designed to streamline transactions.
The incident involved a malicious contract that siphoned five tokens in a maliciously signed batch. Cryptocurrency security experts, such as Wintermute, now warn that over 90% of EIP-7702 delegations are linked to malicious contracts, raising investor anxiety.
A growing number of investors are now turning to projects like newcomer Digitap ($TAP), which prioritize security and simplicity from the ground up. The project already has working products, including a digital app that can handle all of a user’s crypto, fiat, and money transfer needs, as well as a Visa card that can be used anywhere the brand is accepted.
Investors looking for the top altcoins to buy now are focusing more on projects that provide solutions to existing problems, like simplifying decentralized finance (DeFi).
The $1M Wake-Up Call and the Search for the Best Crypto to Invest In
Yu Xiang, the founder of security firm SlowMist, explained that the owner of the stolen cryptocurrency unknowingly signed a malicious contract disguised as a Uniswap swap, which granted sweeping permissions that enabled the heist.
The EIP-7702 feature of the Ethereum blockchain, introduced as part of the Pectra upgrade, allows wallets to serve as temporary smart contracts for batch transactions. Hackers are now exploiting this feature.
The recent hack highlights risk in the Ethereum ecosystem, where a single rushed signature can result in the total loss of tokens in a wallet. Crypto security firms now urge users to verify domain names before signing contracts, avoid giving unlimited token approvals, and reject unclear signatures.
The inherent risk associated with blockchains like Ethereum’s makes secure, self-custodial ecosystems, such as Digitap, increasingly attractive to investors seeking crypto presales with real utility and secure ecosystems.
News of the hack hasn’t been kind to ETH prices as its value has dropped by over 7% in the past week.
Finding the Best Cryptocurrency to Invest in with Digitap’s No-KYC Model
Digitap’s platform is built on a foundation of radical privacy and anonymity, minimizing the need for users to share sensitive information. One of its most attractive features is a no-KYC crypto onboarding process that allows users to obtain virtual Visa cards in minutes without requiring the sharing of personal information.
- Your identity, your business: Digitap was founded on the belief that privacy is a fundamental right in the cryptocurrency space. Its platform offers true anonymity, with no tracking or selling of user data.
- Offshore asset shield: User funds in Digitap’s ecosystem are secured through regulated offshore accounts, providing an additional layer of privacy and legal protection.
- Instant control: Users can instantly generate and discard unlimited virtual cards for online purchases, minimizing their exposure to fraud from data breaches.
Digitap’s approach addresses the surveillance fears some crypto investors have and the risks associated with linking identities to blockchain addresses, which helps it make its case as one of the best cryptocurrencies for privacy-conscious users to invest in.
A Top Crypto Presale for 2025 Built on a Live Product
Another reason Digitap is quickly becoming popular with cryptocurrency investors is that its ecosystem is a live functioning product, not a promise to deliver one in the future. Investors can try the app out and see how seamlessly it integrates crypto, fiat, and everything in between.
The app is connected to the Visa card, which is widely accepted globally online and in-store. It’s integrated with Apple Pay and Google Pay, automatically converting supported cryptocurrencies or fiat at the point of sale. In other words, it allows users to spend their assets like cash anywhere they find themselves.
Digitap’s ecosystem is also more efficient than competing cross-border payment platforms, slashing remittance costs to under 1%, while the industry average is 6.2%.
From Vulnerability to Value with the Next Big Cryptocurrency
The recent $1 million ETH hack serves as a reminder of the significant security challenges that cryptocurrencies face, as legions of hackers search for loopholes to exploit.
It also increases demand for new projects, such as Digitap, that offer enhanced security, including making transactions more straightforward, thereby reducing the risk of costly mistakes.
Digitap’s presale offers investors the opportunity to invest in a straightforward and more secure vision for the future of money. It aims to be the top platform for anyone involved in cryptocurrency, covering all aspects of money-related matters.
$TAP holders will enjoy a 27% price increase as its price increases from $0.0125 to $0.0159 when the presale moves into its second stage, and prices are expected to surge more than 100x in the months post-launch.
Discover how Digitap is unifying cash and crypto by checking out their project here:
Presale https://presale.digitap.app
Social: https://linktr.ee/digitap.app
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