Is there a free lunch like giving money away in the world? Especially in the cryptocurrency circle.
Let's take a look at how the mnemonic routine is used to cheat people.
You will often see some people saying that they have quit the circle, and at the same time send out the mnemonic phrases and say that they will give the remaining money in the wallet to the destined person.
1. First of all, the mnemonic wallet he gave you is a multi-signature wallet, which means that even if you have the mnemonic phrase, you have no authority to transfer the money in it.
2. At the same time, gas fees are required for transfers, and the chains he uses are generally Ethereum, and there are also chains such as Sol, because the gas fees of these chains are relatively high. When you see that there is money in it to transfer gas fees, he will use scripts or faster ways to quickly transfer the gas fees you transferred to other wallets.
3. This is to cast a wide net and trick multiple people into transferring gas fees. One wallet can cheat many people. Even if you suffer a loss, it is difficult to protect your rights and the money you have been cheated is not much. Most people are equivalent to spending money to buy a lesson.
4. You may think that this will not make much money, but a little bit will add up to a lot, and it cannot withstand a lot of people.
So it’s better not to be greedy for small gains, especially when it comes to wallet transfers, authorizations, on-chain interactive contracts, etc.!
