Recently, a new type of fraud has been actively spreading on the internet, targeting gullible users and their desire to earn money quickly. The scheme looks simple, but unfortunately it becomes a trap for many.
How does it work?
Fraudulent messages:
You may receive a message like: *"Here is my seed phrase from the wallet, help me transfer money."
Attractive bait:
Greedy and curious users enter this seed phrase into a cryptocurrency wallet to see if there are indeed funds there.
Account with a large amount:
To their surprise, the account turns out to have between $10,000 and $50,000 USDT. This creates a desire to quickly withdraw the money.
Fee demand:
The service reports that to withdraw funds, you need to top up the wallet by $200–600 to pay the fee.
Additional requests:
After depositing the amount, the wallet "updates" the data and reports an allegedly increased fee, requiring additional funding.
How does this end?
As a result, the user loses their money, which is transferred to the fraudsters. The funds that are supposedly in the account are inaccessible because the wallet belongs to the criminals, and they control it.
How to avoid such deception?
Do not enter someone else's seed phrases:
If someone publicly shares wallet data, it is almost always a trap.
Do not succumb to greed:
Remember that in the cryptocurrency sphere, quick and easy money is often associated with risk and fraud.
Verify information:
Any requests for fund transfers or payment of fees should raise suspicion.
Protect your assets:
Do not share your seed phrases and do not trust outsiders with financial matters.
Be vigilant and do not let yourself be deceived. Remember that the safety of your assets is in your hands!
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