Have you experienced that you
own the "private key" on a certain address, but you can't transfer the asset. It prompts that the authorization has been changed, and you can no longer transfer your own asset?
When encountering this situation, it is crucial to exercise utmost vigilance as your asset security is currently under threat.
What actions are being taken?
The permissions being altered refer to the highest authority of an address on the TRON and EOS account systems being transferred to other addresses.
Once the highest authority of address A is fully transferred to address B, the holder of address A's private key loses control over its assets. Instead, the person possessing address B's private key gains the ability to perform any transfer operation on address A.
The changing of permissions indicates that your private key and mnemonic have likely been compromised, often due to entering them on a phishing website or downloading a fake wallet app.
What are the risks associated with changed permissions?
Changing permissions essentially equates to asset theft since the address with altered authority loses its transfer rights, enabling the authorized person to transfer the assets from that address at any time.
The alteration can be difficult to detect, leading to users unknowingly transferring assets to the affected address, resulting in even greater losses.
How can one avoid permissions being changed?
Safeguard your mnemonic phrase and private key securely.
Refrain from disclosing your mnemonic phrase and private key to anyone or any website.
Only download wallet software from the official website and avoid using search engines like Baidu or Google for downloads.
What steps should you take if permissions are changed?
Act promptly to prevent further losses. Transfer all assets associated with the mnemonic phrase and private key to a secure address on the blockchain.
Verify the authenticity of the wallet app you've used, ensuring that you only download the apps from official sources.
Cease any further transfers to the original address to avoid additional risks.