2026-01-03 07:20:11

Looking at XRP, ETH, and other contract interactions, have you ever thought about what might be hidden in the code?

Honestly, it depends on the integrity of the project team.

**Reliable projects** won't play tricks. Even if they need management permissions (like emergency bug fixes), they will honestly use time locks or multi-signature wallets to constrain themselves. All operations are open and transparent, giving the community enough time to respond. This is a responsible attitude.

**Those "shady" and scam projects** are a different story. They hide minting, tax extraction, freezing functions, and other malicious code in the contract. When hype builds up, they directly manipulate the price and run away, and users' funds are gone overnight. Such incidents happen every year, with many victims, often because people didn't carefully review the code.

Smart contracts themselves are not at fault; the problem is that they can both establish trust and perfectly disguise traps. Want to protect yourself? The simplest way is to clearly understand what you're interacting with and avoid blindly authorizing unknown contracts.

XRP0.68%

ETH0.99%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes

Reward
18
8
Repost
Share

Comment

0/400

ContractTester

· 01-05 14:11

It's the same old story, but the ones who really fall into the trap are still those who don't look at the code.

View OriginalReply0

PessimisticOracle

· 01-04 04:54

Here we go again with this set, sounding nice but still needing to be on guard. Code is a tricky thing; no matter how transparent it is, some people still can't understand it, and in the end, they get exploited. --- Time locks, multi-signatures? Sounds good, but the projects that can truly implement them are few and far between. --- Every year, people get scammed, probably because of greed. They don't even want to look into the code of the coins they like. --- Smart contracts are a double-edged sword. Reputable parties use them to build ecosystems, while scammers use them to set traps. It's hard to treat them differently. --- Basically, it's a gamble on character, but how much is a person's integrity worth in the crypto world? --- Don't authorize unknown contracts? Now even some major projects' authorizations are ridiculous; you simply can't trust them. --- Reading code is indeed a line of defense, but most people simply can't understand it, and that's the real problem. --- Older projects like XRP are actually safer; it's the new ones that are the high-risk zones. Every time, it's new tricks and new scams.

View OriginalReply0

VitaliksTwin

· 01-03 07:49

Bro, you're so right. It's always the newbies who get scammed. --- Smart contract code is like Pandora's box; it all depends on who opens it. --- Basically, it comes down to whether the project team truly respects the community. Time locks and multi-signature wallets can really save lives. --- Thinking about it makes me angry again. Those hidden minting functions are truly brilliant; users can't detect them at all. --- Why are so many people still blindly granting permissions? Really. --- So now I only invest in projects that have undergone code audits. I won't take this risk anymore. --- That's the beauty of smart contracts—they can build trust or set traps. It's amazing. --- You really need to develop the habit of reviewing code; otherwise, you'll get exploited sooner or later.

View OriginalReply0

CoffeeNFTrader

· 01-03 07:49

Really, it's always like this. Projects that seem impressive behind the scenes are full of tricks. Multi-signature wallets are more honest, at least I feel more comfortable. Code is tricky; if you don't understand it clearly, it's easy to get caught. I've already fallen into two pits. Never be careless with authorization; it can disappear in a second. The difference between reliable projects and scam projects lies in these details. It's very real. I now directly pass on all dog contracts; the risk is too high. Having seen through these tricks, I now only follow those with high transparency and live quite comfortably.

View OriginalReply0

MysteryBoxOpener

· 01-03 07:45

Reliable projects have long been self-disciplined; the real pitfalls are in those shoddy projects that claim to be innovative. --- Code is like a double-edged sword; those who can't understand it are the ones who get cut. --- Honestly, you still need to have your own judgment; don't approve everything blindly. --- Multi-signature wallets are not something fancy; they are just basic integrity. --- So many people fall into traps every year; it's really time to reflect on your own due diligence. --- I've carefully reviewed the XRP contract, and it is indeed transparent enough. In contrast, some new tokens have code that resembles espionage warfare. --- I never touch projects with poor contract transparency; it's peace of mind. --- Time locks are such simple features, yet some still don't use them. It's embarrassing to call yourself a project team. --- With functions like freezing and hidden taxes... these tricks have been played for so long, yet some still fall for them. --- Before authorizing, take a moment to decompile and check; a five-minute step that can save your life.

View OriginalReply0

MetaverseHobo

· 01-03 07:45

Really? It's always the same approach—look at the code? Most people can't understand it at all. It's those old tricks again—hidden inflation, sneaky tax collection. Nothing new or surprising anymore. Reliable projects use multi-signature + time lock. That's true responsibility; everything else is nonsense. Dreams of getting rich overnight are shattered. Honestly, it's because you didn't do your homework. Think before you authorize. Smart contracts are like a double-edged sword; trust and traps are often just one line of code apart. Shitcoins don't care about transparency. They just dump and run. Victims are so numb from being scammed so many times. The key is to be more cautious yourself—don't authorize blindly.

View OriginalReply0

MoonRocketTeam

· 01-03 07:27

Oh my, it's the same trick again, every time someone gets beaten by hidden functions... That's right, reading the code is much more useful than reading the whitepaper, really. I've seen all the tricks of the meme contracts, such as minting, tax extraction, blacklists—one-stop shop. Once you get in, they close the door and attack the dog [laugh]. Multi-signature wallets and time locks are the real indicators of confidence. Without these two, I basically don't touch it. Code is like candlestick charts; there are many people who lie... That's also why I now first review the contract on Etherscan repeatedly before deciding whether to load fuel [rocket]. Don't blindly authorize, really. So many people get drained just because of one approve, it's painful...

View OriginalReply0

FlashLoanKing

· 01-03 07:23

That's so true, I have indeed been burned by this before haha Once again, contract sugar-coated bullets, code audits really need to be taken seriously That's why I now scrutinize every authorization, being overly cautious Shitcoin projects are indeed countless, hard to defend against Multi-signature wallets are the right way, everything else is just playing dirty Reading code is too exhausting, but getting scammed is even more exhausting The biggest difference between reliable projects and scammers is this integrity Agreed, the time lock locks in human greed I didn't think much about it before, but now every authorization feels like an adventure

View OriginalReply0

Trending Topics
View More
#
GateProofOfReservesReport
22.51K Popularity
#
ChineseMemecoinBoom
27.08K Popularity
#
CPIDataAhead
49.7K Popularity
#
SOLPriceAnalysis
17.3K Popularity
#
GateSquareCreatorNewYearIncentives
102.11K Popularity

Hot Gate Fun
View More

1
芝麻大门
芝麻大门
MC:$3.75KHolders:2
0.81%
2
OWL
OWL
MC:$4.44KHolders:2
4.21%
3
哎哟我去
哎哟我去
MC:$3.6KHolders:2
0.00%
4
霉运散
霉运散
MC:$3.82KHolders:2
0.75%
5
FUN
FUN
MC:$4.91KHolders:23
6.35%

Sitemap

Looking at XRP, ETH, and other contract interactions, have you ever thought about what might be hidden in the code?

Trending Topics

GateProofOfReservesReport

ChineseMemecoinBoom

CPIDataAhead

SOLPriceAnalysis

GateSquareCreatorNewYearIncentives

Hot Gate Fun

芝麻大门

芝麻大门

OWL

OWL

哎哟我去

哎哟我去

霉运散

霉运散

FUN

FUN

Pin

Your First Words Matter!
Share your first post on and split $10,000 in New Year rewards.
Post with #My2026FirstPost to share your New Year wish
2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you!
Ends on Jan 15, 2026, 16:00 UTC
2026 starts with this post!

Looking at XRP, ETH, and other contract interactions, have you ever thought about what might be hidden in the code?

Trending Topics

GateProofOfReservesReport

ChineseMemecoinBoom

CPIDataAhead

SOLPriceAnalysis

GateSquareCreatorNewYearIncentives

Hot Gate Fun

芝麻大门

芝麻大门

OWL

OWL

哎哟我去

哎哟我去

霉运散

霉运散

FUN

FUN

Pin

Your First Words Matter! Share your first post on and split $10,000 in New Year rewards. Post with #My2026FirstPost to share your New Year wish 2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you! Ends on Jan 15, 2026, 16:00 UTC 2026 starts with this post!

Your First Words Matter!
Share your first post on and split $10,000 in New Year rewards.
Post with #My2026FirstPost to share your New Year wish
2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you!
Ends on Jan 15, 2026, 16:00 UTC
2026 starts with this post!