RISKS & SECURITY
Honeypot (Honeypot Contract)
Definition
A honeypot is a malicious smart contract designed to trap users' funds. It appears to allow profitable interactions but contains hidden mechanisms preventing fund withdrawal.
Example
Example
A token allows you to buy but has hidden code preventing sells, or a contract appears profitable but reverts all withdrawal attempts.
Risks to Consider
Risks
- Permanent fund loss
- Hidden restrictions
- Deceptive mechanics