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Hex Data + 0-Value Transactions: The Invisible Trap Draining On-Chain Assets

You clicked "Confirm" on a 0 ETH transaction ,and your funds were gone. No warnings. No transfers. Just one signature ,everything vanished

Updated this week

1. A Nightmare Without a Sound

Over the past year, we’ve seen far too many users lose their entire portfolios in an instant — without warning.

What’s more shocking?
The attacker didn’t even need them to send any tokens.

All it took was one signature — a transaction carrying Hex Data.

It might’ve looked like a simple action: claiming an NFT, joining an airdrop, connecting a DApp, or signing into a site.

Seemingly harmless:
0 ETH, sent to a smart contract address.

But the real threat was hidden inside the Hex Data.

That’s where attackers encode malicious function calls such as:

  • approve()

  • increaseAllowance()

  • transferFrom()

  • setApprovalForAll()

  • sweepToken() (custom malicious contract functions)

Each of these functions grants control of your assets to the attacker.

Once signed, it’s game over — they can drain your ERC-20 tokens or NFTs at will, without further approval.


2. Hex Data: Not Meant To Be a Blind Spot

Every on-chain transaction — even without transferring assets , is essentially a smart contract call.

The so-called Hex Data is just ABI-encoded “method + parameters”.

Example:

0xa9059cbb0000000000000000000000008e8...0000000000000000000000000000000000000000000000000000000005f5e100
  • The first 4 bytes 0xa9059cbb: function selector, in this case transfer(address,uint256)

  • The rest: encoded parameters — token address, recipient, value, etc.

To an attacker, this is a universal pass to execute arbitrary logic.

To an unaware user, it’s just a meaningless string — like a cryptic spell in a language they don’t understand.

And that’s where the trap lies: blind signing.

What looks like a 0-value transaction to you…
…looks like full access to your wallet to the attacker.


3. Blind Signing, Hex Signing, and the Signature Hell

These scams tend to share a set of common traits:

  • 💸 0 ETH or small-value transaction: to disarm your skepticism.

  • 🧬 Hex Data carries malicious intent: disguised as a simple action.

  • 🧠 Recipient is a smart contract: not a person — but a trap.

  • ⚠️ Signature = execution: one click gives them full control.

And what’s worse:
These attacks are fully automated.

Scammers use scripts to mass-deploy malicious contracts, spin up phishing websites, generate scam links, and promote them via:

  • Search engine ads

  • Discord groups

  • Twitter/X replies

  • Fake giveaways & NFT airdrops

They’re just waiting for that one moment — when you click.
One signature, and your assets are theirs.


4. How OneKey Fights Back

Security should never be the user’s burden alone.
At OneKey, we’re building a multi-layered defense to close these hidden gaps.

Here’s what we’ve done (and keep improving):


(1) Hex Data Warnings — The First Mental Barrier

When a user enables the option to "show Hex Data" in a transaction,OneKey immediately displays a clear warning:

⚠️ This transaction includes Hex Data and may involve smart contract interaction or token approvals. Be cautious.

It’s not a post-signature regret.
It’s a preemptive defense, at the very first click.

We want users to stay vigilant — because Hex Data is a powerful tool, but also a weapon in the wrong hands.


(2) Hex Data Parsing + High-Risk Function Alerts

For all EVM chains, OneKey now provides real-time ABI decoding + function risk analysis:

  • Clearly shows the method being called

  • Highlights high-risk behavior before you sign, including:

    • 🧾 Target address visibility — Is this a known safe contract or a suspicious address?

    • 🕵️ Historical interactions — Have you signed with this address before?

    • 💰 Token & amount — What exactly are you approving or sending?

With this, users no longer sign blindly — but with real context and full awareness.


(3) Hardware Wallet Confirmation

With OneKey Pro, you don’t see raw Hex strings.

You see real, human-readable information right on your device screen:

  • 🔍 Function name — Know what you’re actually signing.

  • 💵 Token type & amount — Are you authorizing your entire balance?

  • 📍 Destination address — Is this familiar, or a red flag?

Every field is here to help you make an informed decision,
not a blind guess.


5. Final Words

There’s no “undo” on the blockchain.
Every signature is final.

We know how easy it is to think:

“I thought I was just connecting my wallet…”

That’s why we’ve built every layer of OneKey with real user protection in mind.

Every signature is a matter of trust.
And OneKey is here to be the most trustworthy defense you have.

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