SCAMalerts
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Here’s How Much Crypto Scammers Drained From Victims in January Alone
The top seven victims collectively lost $17 million due to phishing signatures like ERC20 Permit, Create2, increaseAllowance, and Swap.
According to Scam Sniffer, scammers stole $55 million worth of cryptocurrency in January alone and set up more than 11,000 phishing websites.
Notably, most of these thefts occurred on the Ethereum $ETH mainnet, with Arbitrum$ARB , BNB $BNB , Optimism, and Polygon closely behind.
Crypto Phishing Attacks Surged in January
In a recent Feb. 9 thread on X, Scam Sniffer highlighted a concerning trend observed in January, noting a surge in phishing attacks coinciding with heightened activity within crypto communities following a series of airdrops in the previous month.
These scams, often occurring alongside airdrops and other project activities, have impacted around 40,000 individuals.
According to Scam Sniffer, fraudsters created the phishing websites in January, impersonating various projects such as Manta Network, Frame, SatoshiVM, AltLayer, Dymension, zkSync, Pyth, OpenSea, Optimism, Blast, and others.
Their efforts proved successful, with the top seven victims losing $17 million in total owing to phishing signatures such as ERC20 Permit, Create2, increaseAllowance, and Swap.
Scam Sniffer reported that hackers commonly exploited the ERC-20 Permit function, tricking users into unknowingly transferring funds from their non-custodial wallets under the guise of legitimate operations.
Many individuals fell victim to these scams due to cybercriminals actively posting fake comments on various platforms, posing as legitimate projects like Optimism and zkSync.
Crypto Cyberattacks Hit $2 Billion in 2023
Throughout 2023, scammers and hackers executed numerous cyberattacks and rug pulls, resulting in the theft of $1.9 billion worth of cryptocurrency, as reported earlier by CryptoPotato.
#TrendingTopic #SCAMalerts #SafetyTips
The top seven victims collectively lost $17 million due to phishing signatures like ERC20 Permit, Create2, increaseAllowance, and Swap.
According to Scam Sniffer, scammers stole $55 million worth of cryptocurrency in January alone and set up more than 11,000 phishing websites.
Notably, most of these thefts occurred on the Ethereum $ETH mainnet, with Arbitrum$ARB , BNB $BNB , Optimism, and Polygon closely behind.
Crypto Phishing Attacks Surged in January
In a recent Feb. 9 thread on X, Scam Sniffer highlighted a concerning trend observed in January, noting a surge in phishing attacks coinciding with heightened activity within crypto communities following a series of airdrops in the previous month.
These scams, often occurring alongside airdrops and other project activities, have impacted around 40,000 individuals.
According to Scam Sniffer, fraudsters created the phishing websites in January, impersonating various projects such as Manta Network, Frame, SatoshiVM, AltLayer, Dymension, zkSync, Pyth, OpenSea, Optimism, Blast, and others.
Their efforts proved successful, with the top seven victims losing $17 million in total owing to phishing signatures such as ERC20 Permit, Create2, increaseAllowance, and Swap.
Scam Sniffer reported that hackers commonly exploited the ERC-20 Permit function, tricking users into unknowingly transferring funds from their non-custodial wallets under the guise of legitimate operations.
Many individuals fell victim to these scams due to cybercriminals actively posting fake comments on various platforms, posing as legitimate projects like Optimism and zkSync.
Crypto Cyberattacks Hit $2 Billion in 2023
Throughout 2023, scammers and hackers executed numerous cyberattacks and rug pulls, resulting in the theft of $1.9 billion worth of cryptocurrency, as reported earlier by CryptoPotato.
#TrendingTopic #SCAMalerts #SafetyTips
#MyFirstFeedPost #SCAMalerts #scam Hello, Binance Square!
There is no use of doing USDT mixing since we all know that USDT is backed by USD and completely centralised token.
There is a scam going on in market, Please aware of some companies who are trapping people on the name of USDT mixing, initially they will ask you to start with 100 USDT and for mixing each order they will give you minimum 0.6 percent commission. At initial stage they will allow to withdraw your USDT after that they will introduce new way of income like contract, in contract channel they will ask you to bid with whatever you have in your wallet and they will give 20 percent loan which will become huge then you have to take more than 100 orders. the real scam they will do here, when your contract will be finished they will ask you to make huge amount of interest which you can not pay even if you pay they will not release the fund and you will end up with loosing your hard earned money.
They will add you in a what**p group where all people belongs to that company but they will act like they just joined.
The so called company name is hrmix and they will keep on changing their website after scamming huge amount.
There is no use of doing USDT mixing since we all know that USDT is backed by USD and completely centralised token.
There is a scam going on in market, Please aware of some companies who are trapping people on the name of USDT mixing, initially they will ask you to start with 100 USDT and for mixing each order they will give you minimum 0.6 percent commission. At initial stage they will allow to withdraw your USDT after that they will introduce new way of income like contract, in contract channel they will ask you to bid with whatever you have in your wallet and they will give 20 percent loan which will become huge then you have to take more than 100 orders. the real scam they will do here, when your contract will be finished they will ask you to make huge amount of interest which you can not pay even if you pay they will not release the fund and you will end up with loosing your hard earned money.
They will add you in a what**p group where all people belongs to that company but they will act like they just joined.
The so called company name is hrmix and they will keep on changing their website after scamming huge amount.
Beware of Quishing: Protect Yourself from QR Code Scams
Did you know that scammers can use QR codes to trick you? Read on to find out exactly what ‘Quishing is’QR codes are a part of daily life for many. You've probably seen them on posters, flyers, or even restaurant menus. They can be a handy way to access websites, discounts, or information quickly. But did you know that scammers can use QR codes to trick you? This is known as "quishing," a form of scam that targets innocent people through QR codes.Quishing might sound like a strange word, but it's a serious issue. Scammers create fake QR codes that, when scanned, lead you to malicious websites or prompt you to share personal information. These fraudulent codes can be placed anywhere, from advertisements to stickers, and even on seemingly legitimate flyers.So, how can you protect yourself from falling victim to quishing scams? Here are some tips:Be cautious: Before scanning any QR code, take a moment to consider if it seems legitimate. If it looks suspicious or you're unsure about its source, it's better to avoid scanning it.Inspect the source: Check the URL or destination website before scanning. If it seems unfamiliar or the web address looks strange or misspelled, it could be a sign of a scam.Use a QR scanner with built-in security: Download a reputable QR code scanner app that includes security features. Some apps can detect malicious codes and alert you before opening harmful websites.Avoid sharing personal information: Be cautious if a QR code asks for sensitive details like passwords, credit card information, or personal data. Legitimate companies usually don't request this via QR codes.Update your smartphone: Keep your phone's OS and apps up to date. Updates often include security patches that can protect you from new types of scams.If you suspect you've encountered a dodgy QR code or have been a victim of quishing, report it to the authorities. By doing so, you can help prevent others from falling into the same trap.#BTC #SCAMalerts #TrendingTopic #Launchpool #ai Stay safe and mindful while scanning QR codes!
Bitcoin: Investor’s Family Savings 4 BTC Wiped Out in Exploit
The realm of cryptocurrencies is not immune to challenges. This is evidenced by a recent occurrence involving Portuguese Bitcoin advocate Hugo Ramos. In a surprising twist, Ramos became a victim of a bug exploit within the Lightning Network. This resulted in the loss of a significant 4.07 BTC (equivalent to approximately $164,500). This unfortunate incident has not only deeply affected Ramos personally but has also prompted discussions about the perils associated with experimental technologies and the necessity of securing family savings.The LNBank BugThe exploit that led to Ramos’s financial setback was linked to a bug within the Lightning Network plugin known as LNBank. This was developed by Dennis Reimann at BTCPay Server. Recognizing the severity of the situation, Reimann issued a warning to NOSTR. He urged all instances utilizing LNBank to promptly update to LNBank v1.8.9 to address the critical vulnerability. Unfortunately for Ramos, this cautionary message arrived too late. This was because the damage had already been inflicted.Ramos’s Urgent AppealUpon realizing the extent of the loss, Ramos turned to social media to convey his distress. In a message to Reimann, he voiced frustration at the delayed warning. He further stated,“Thanks for the late ‘heads up’. On past Wednesday, 4 BTC were stolen from my LN node because of the LNbank bug. Any chance you can help me in any way? I lost almost all my life savings.”Hugo Ramos: A Figure of ControversyResiding in El Salvador, Hugo Ramos is no stranger to controversy within the local Bitcoin community. Self-identifying as a “toxic maximalist,” Ramos has faced accusations of making inflammatory statements. Despite this, his plea for support following the exploit has garnered attention from both supporters and critics.The AftermathTo recover his losses, Ramos reached out to various entities, including LNBank developers, the Czech exchange Anycoin, and the Bitlifi wallet. Ramos asserted that a portion of the stolen BTC had been transferred to these platforms. However, his endeavors received mixed responses, with some expressing sympathy for his predicament and others emphasizing the pivotal role of personal responsibility in safeguarding digital assets.Lessons ImbibedThe incident involving Hugo Ramos serves as a stark reminder of the experimental nature of technologies like the Lightning Network. As a project designed to enhance the scalability of Bitcoin, users, and investors must exercise caution and refrain from storing significant amounts in experimental environments. Additionally, the importance of avoiding the installation of third-party applications on the same devices used for wallet storage cannot be overstated.While the Lightning Network undergoes ongoing development, incidents such as the one encountered by Hugo Ramos underscore the inherent risks associated with emerging technologies in the cryptocurrency realm. As the community grapples with these challenges, the emphasis on responsible investing, personal security, and the continual enhancement of these technologies becomes more crucial than ever.#BTC #SCAMalerts
Who doesn't desire a better life? This is the driving force behind the scammers in the realm of "Pig Butchering" on social media, eagerly seeking their next victim to lure in by becoming the partner they've always dreamed of or the sibling they never had, only to swiftly shift the narrative towards investments.
In another unfortunate turn in the world of blockchain in #China individuals attempting to seek legal assistance after initially being defrauded fall once again into the clutches of fake lawyers.
In a recent situation, an individual suffered a loss of $70,000 by trusting a fake lawyer, after previously being scammed with $100,000 in a fraud related to pig butchering.
What's pig butchering? Let's check it!
It all begins with an innocent message via WhatsApp or some social media platform, with lines like "Hey, I have you in my contact list, seems like we've met somewhere" or a supposed mistake "Oops, sorry, wrong number" or through dating apps like Tinder where they lure targets in with attractive photos.
They make it seem normal, and once they engage in conversation, they start talking about life, interests, etc. The conversations become commonplace, always through instant messaging. They never speak on the phone.
Victims are patiently groomed over weeks. They present themselves, for example, as that person who gives you the support you've been seeking. "This is how they earn your trust to ultimately manipulate it against you. It all involves a great deal of emotional manipulation," explains Grace Yuen from the international organization fighting against these scams, Gaso.
Once a strong bond of trust is established, the scammers don't directly ask for money. Instead, they introduce victims to a fake investment website or app where victims feel secure depositing funds.
#SCAMalerts #StaySafeInvestSmart
In another unfortunate turn in the world of blockchain in #China individuals attempting to seek legal assistance after initially being defrauded fall once again into the clutches of fake lawyers.
In a recent situation, an individual suffered a loss of $70,000 by trusting a fake lawyer, after previously being scammed with $100,000 in a fraud related to pig butchering.
What's pig butchering? Let's check it!
It all begins with an innocent message via WhatsApp or some social media platform, with lines like "Hey, I have you in my contact list, seems like we've met somewhere" or a supposed mistake "Oops, sorry, wrong number" or through dating apps like Tinder where they lure targets in with attractive photos.
They make it seem normal, and once they engage in conversation, they start talking about life, interests, etc. The conversations become commonplace, always through instant messaging. They never speak on the phone.
Victims are patiently groomed over weeks. They present themselves, for example, as that person who gives you the support you've been seeking. "This is how they earn your trust to ultimately manipulate it against you. It all involves a great deal of emotional manipulation," explains Grace Yuen from the international organization fighting against these scams, Gaso.
Once a strong bond of trust is established, the scammers don't directly ask for money. Instead, they introduce victims to a fake investment website or app where victims feel secure depositing funds.
#SCAMalerts #StaySafeInvestSmart
Hey everyone,
Just a heads up for those who might have missed it: Binance’s Launchpool page clearly states that Binance will be the first platform to list the token. Despite this, there are still some people buying it from different platforms, which are most likely dealing with scam coins. Stay vigilant and always double-check before making any transactions! 🚨 #StaySafe #BinanceLaunchpool #SCAMalerts
Just a heads up for those who might have missed it: Binance’s Launchpool page clearly states that Binance will be the first platform to list the token. Despite this, there are still some people buying it from different platforms, which are most likely dealing with scam coins. Stay vigilant and always double-check before making any transactions! 🚨 #StaySafe #BinanceLaunchpool #SCAMalerts
‼️#SCAMalerts ‼️
For #HyperFund & #HyperVerse
Thousands of investors have lost millions of dollars in #Crypto investment schemes that have escaped regulatory warning in Australia, despite financial authorities overseas warning two of the schemes were a possible "Scam" & "Suspected Pyramid Scheme", a Guardian Australia investigation has found.
The scheme have operated under various names including Hyperfund & Hyperverse.
Always #DYOR and invest wisely in Crypto.
For #HyperFund & #HyperVerse
Thousands of investors have lost millions of dollars in #Crypto investment schemes that have escaped regulatory warning in Australia, despite financial authorities overseas warning two of the schemes were a possible "Scam" & "Suspected Pyramid Scheme", a Guardian Australia investigation has found.
The scheme have operated under various names including Hyperfund & Hyperverse.
Always #DYOR and invest wisely in Crypto.
Hey friends! I'm sharing a cautionary tale, and it's a doozy. I recently got scammed out of $5,000 in cryptocurrency. Yeah, I know, I know - it's a rookie move. But here's the thing: the scammer was slick, and I was... well, let's just say "overly optimistic".
But here's the silver lining: I learned a valuable lesson, and I want to pass it on to you all! Don't let greed cloud your judgment, and always do your research. And most importantly, never invest more than you can afford to lose (like, duh!).
So, let this be a warning to all my fellow crypto enthusiasts: stay vigilant, stay smart, and don't let the scammers get you down!
#cryptocurrency #SCAMalerts #lessonlearned #stayvigilant
But here's the silver lining: I learned a valuable lesson, and I want to pass it on to you all! Don't let greed cloud your judgment, and always do your research. And most importantly, never invest more than you can afford to lose (like, duh!).
So, let this be a warning to all my fellow crypto enthusiasts: stay vigilant, stay smart, and don't let the scammers get you down!
#cryptocurrency #SCAMalerts #lessonlearned #stayvigilant
### Common P2P Scams in Developing Countries and How to Avoid Them
**Main Takeaways:**
- This blog educates users about prevalent cryptocurrency scams in the Binance P2P market, especially in developing countries.
- Common scams include account-selling, SMS scams, and email scams.
- Recognizing signs and implementing preventive measures are crucial for protecting investments.
#### Understanding Cryptocurrency Scams
In the dynamic crypto landscape, staying informed about evolving scam tactics is essential to safeguard assets. This blog highlights three prevalent scams affecting Binance users, particularly in developing nations.
#### Account-Selling Scams
- Users are deceived into giving account details with promises of high rewards.
- Scammers sell the Binance account along with the linked bank account.
- Victims face legal and financial consequences; never share or sell account details.
**Tips to protect yourself:**
- Understand bank and Binance rules on account sharing.
- Monitor accounts for suspicious transactions, change passwords regularly, and enable two-factor authentication.
#### SMS Scams
- Scammers send fake text messages resembling bank notifications to trick victims into releasing orders.
- Always double-check payment confirmation in your bank or e-wallet before transactions.
**Tips to protect yourself:**
- Verify payment information directly with your bank or e-wallet, not just relying on SMS notifications.
#### Email Scams
- Scammers use social engineering to claim real-world money is held in a Binance escrow account.
- Fake emails urge users to release digital currencies before realizing the money isn't in their account.
**Tips to protect yourself:**
- Binance P2P doesn't process fiat currency payments or store them in an escrow service.
- Use Binance Verify service to verify email addresses and account credentials.
- Confirm received payments for all pending P2P transactions in your bank account or wallet.
#SCAMalerts
**Main Takeaways:**
- This blog educates users about prevalent cryptocurrency scams in the Binance P2P market, especially in developing countries.
- Common scams include account-selling, SMS scams, and email scams.
- Recognizing signs and implementing preventive measures are crucial for protecting investments.
#### Understanding Cryptocurrency Scams
In the dynamic crypto landscape, staying informed about evolving scam tactics is essential to safeguard assets. This blog highlights three prevalent scams affecting Binance users, particularly in developing nations.
#### Account-Selling Scams
- Users are deceived into giving account details with promises of high rewards.
- Scammers sell the Binance account along with the linked bank account.
- Victims face legal and financial consequences; never share or sell account details.
**Tips to protect yourself:**
- Understand bank and Binance rules on account sharing.
- Monitor accounts for suspicious transactions, change passwords regularly, and enable two-factor authentication.
#### SMS Scams
- Scammers send fake text messages resembling bank notifications to trick victims into releasing orders.
- Always double-check payment confirmation in your bank or e-wallet before transactions.
**Tips to protect yourself:**
- Verify payment information directly with your bank or e-wallet, not just relying on SMS notifications.
#### Email Scams
- Scammers use social engineering to claim real-world money is held in a Binance escrow account.
- Fake emails urge users to release digital currencies before realizing the money isn't in their account.
**Tips to protect yourself:**
- Binance P2P doesn't process fiat currency payments or store them in an escrow service.
- Use Binance Verify service to verify email addresses and account credentials.
- Confirm received payments for all pending P2P transactions in your bank account or wallet.
#SCAMalerts
⚠️ Attention Crypto Community ⚠️
🚨 Beware of Scam Websites! 🚨
🔍 Han Meimei fell victim to a scam platform (https://www.hkd-vip.com) after being taught to trade on it by a WeChat group.
💰 She suffered heavy losses when trying to withdraw funds, as the platform demanded additional fees and provided different withdrawal addresses each time.
🛑 Binance is committed to preventing fraud. Pay close attention to risk reminders and control interception during withdrawals.
⚠️ The fraudulent platform is still active. Spread the word to protect others from falling into the same trap.
Stay vigilant and report any suspicious activity to ensure a safe crypto environment for all. #CryptoSafety #SCAMalerts 🛡️💸
🚨 Beware of Scam Websites! 🚨
🔍 Han Meimei fell victim to a scam platform (https://www.hkd-vip.com) after being taught to trade on it by a WeChat group.
💰 She suffered heavy losses when trying to withdraw funds, as the platform demanded additional fees and provided different withdrawal addresses each time.
🛑 Binance is committed to preventing fraud. Pay close attention to risk reminders and control interception during withdrawals.
⚠️ The fraudulent platform is still active. Spread the word to protect others from falling into the same trap.
Stay vigilant and report any suspicious activity to ensure a safe crypto environment for all. #CryptoSafety #SCAMalerts 🛡️💸
Hackers and fraudsters stole $1.8 billion in the crypto market in 2023.
The amount looks impressive, but not really: It is 2x less than in 2022.
219 cyberattacks accounted for $1.69 billion in losses, and about $103,000 was lost in 100 cases of fraud, researchers calculated.
Although these criminals made away with a ton of other people’s money, it looks like stealing in 2023 became more of a chore for these scammers and hackers. Let’s make hacking harder for them in 2024 =)
#SCAMalerts #scammer
The amount looks impressive, but not really: It is 2x less than in 2022.
219 cyberattacks accounted for $1.69 billion in losses, and about $103,000 was lost in 100 cases of fraud, researchers calculated.
Although these criminals made away with a ton of other people’s money, it looks like stealing in 2023 became more of a chore for these scammers and hackers. Let’s make hacking harder for them in 2024 =)
#SCAMalerts #scammer
🚨🚨 Beware of Scams: Important Message from Mbeyaconscious on Binance Square 🚨🚨
In a recent announcement on the Binance Square feed, Mbeyaconscious issued a crucial warning to their followers regarding the proliferation of fake Telegram channels and groups falsely using their name. The content creator emphasized that they currently do not operate any Telegram channels or groups, making it clear that all instances of Mbeyaconscious on such platforms are scams.
These fraudulent channels and groups are reportedly using Mbeyaconscious's name to deceive users with fake signals, ultimately aiming to scam unsuspecting individuals. In response to this alarming situation, Mbeyaconscious has called upon their community for assistance in reporting these malicious entities on Telegram.
The rise of impersonation and scams on various social platforms is a growing concern within the cryptocurrency community, and content creators like Mbeyaconscious play a pivotal role in safeguarding their followers from falling victim to such fraudulent activities.
To support Mbeyaconscious and the broader community, it is crucial for users to remain vigilant and report any suspicious Telegram channels or groups that claim to be associated with Mbeyaconscious. By doing so, followers can actively contribute to the fight against scams and help protect others within the cryptocurrency space.
As the crypto community continues to thrive, fostering a safe and secure environment for users is paramount. Mbeyaconscious's proactive approach in addressing this issue serves as a reminder for individuals to exercise caution, verify the legitimacy of channels, and report any suspicious activity promptly. By working together, the community can build resilience against scams and maintain a trustworthy online ecosystem.
#SCAMalerts #ai #BTC
In a recent announcement on the Binance Square feed, Mbeyaconscious issued a crucial warning to their followers regarding the proliferation of fake Telegram channels and groups falsely using their name. The content creator emphasized that they currently do not operate any Telegram channels or groups, making it clear that all instances of Mbeyaconscious on such platforms are scams.
These fraudulent channels and groups are reportedly using Mbeyaconscious's name to deceive users with fake signals, ultimately aiming to scam unsuspecting individuals. In response to this alarming situation, Mbeyaconscious has called upon their community for assistance in reporting these malicious entities on Telegram.
The rise of impersonation and scams on various social platforms is a growing concern within the cryptocurrency community, and content creators like Mbeyaconscious play a pivotal role in safeguarding their followers from falling victim to such fraudulent activities.
To support Mbeyaconscious and the broader community, it is crucial for users to remain vigilant and report any suspicious Telegram channels or groups that claim to be associated with Mbeyaconscious. By doing so, followers can actively contribute to the fight against scams and help protect others within the cryptocurrency space.
As the crypto community continues to thrive, fostering a safe and secure environment for users is paramount. Mbeyaconscious's proactive approach in addressing this issue serves as a reminder for individuals to exercise caution, verify the legitimacy of channels, and report any suspicious activity promptly. By working together, the community can build resilience against scams and maintain a trustworthy online ecosystem.
#SCAMalerts #ai #BTC
**Summary: Unveiling the Pikamoon Scam and Beware of Dubai-Based Coins**
The Pikamoon project, marketed as a groundbreaking play-to-earn gaming platform, promised exhilarating gameplay and lucrative rewards. However, beneath its captivating facade lay a web of deceit, with alarming discrepancies in token distribution and transparency issues regarding raised funds. As the ICO progressed, reports of missing funds and unfulfilled promises surfaced, casting doubt on Pikamoon's legitimacy. This cautionary tale underscores the importance of due diligence and skepticism in the crypto space, particularly within emerging sectors like blockchain gaming. Additionally, the advertisement warns against Dubai-based coins, highlighting the prevalence of cryptocurrency scams in the UAE and urging investors to exercise caution and conduct thorough research to avoid falling victim to fraudulent schemes.#HotTrends #SCAMalerts
The Pikamoon project, marketed as a groundbreaking play-to-earn gaming platform, promised exhilarating gameplay and lucrative rewards. However, beneath its captivating facade lay a web of deceit, with alarming discrepancies in token distribution and transparency issues regarding raised funds. As the ICO progressed, reports of missing funds and unfulfilled promises surfaced, casting doubt on Pikamoon's legitimacy. This cautionary tale underscores the importance of due diligence and skepticism in the crypto space, particularly within emerging sectors like blockchain gaming. Additionally, the advertisement warns against Dubai-based coins, highlighting the prevalence of cryptocurrency scams in the UAE and urging investors to exercise caution and conduct thorough research to avoid falling victim to fraudulent schemes.#HotTrends #SCAMalerts
🚨Important🚨
It's testnet/airdrop season, so we've been clicking many links and connecting our wallets to different sites these days.
We might expose our wallets to scam sites one day, and watch our hardwork go in vain.
Some tips to reduce these risks:
Use different wallets for different activities;
As an airdrop hunter, you should have at least, these 3 categories of wallet.
🔹Staking wallet
🔹Testnet wallet
🔹Hodl wallet
Further details
1. Staking wallet: this should be where you stake your coins for airdrops. Should be same as your hodl wallet, but remember, this wallet will be connected to claim sites very often, not so safe to store your long-term gems in there.
2. Testnet wallet: for all your testnet campaigns, very little to no real funds should be in this wallet.
3. Hodling wallet: preferably a hardware wallet for your long term gems, this is where the biggest size of your portfolio should be stored in. Shouldn't be connected to unknown sites.
And lastly some noob advice
- Not your keys, not your funds. Always use a non-custodial wallet for your crypto activities.
- Do not share your seed phrase with anyone
- Don't trust, verify!
If you have some tips to share, please do in the comment section, so we all can learn together, earn and stay safe together.
#etf #SCAMalerts #StaySAFU #BTC #AirdropOpportunity
It's testnet/airdrop season, so we've been clicking many links and connecting our wallets to different sites these days.
We might expose our wallets to scam sites one day, and watch our hardwork go in vain.
Some tips to reduce these risks:
Use different wallets for different activities;
As an airdrop hunter, you should have at least, these 3 categories of wallet.
🔹Staking wallet
🔹Testnet wallet
🔹Hodl wallet
Further details
1. Staking wallet: this should be where you stake your coins for airdrops. Should be same as your hodl wallet, but remember, this wallet will be connected to claim sites very often, not so safe to store your long-term gems in there.
2. Testnet wallet: for all your testnet campaigns, very little to no real funds should be in this wallet.
3. Hodling wallet: preferably a hardware wallet for your long term gems, this is where the biggest size of your portfolio should be stored in. Shouldn't be connected to unknown sites.
And lastly some noob advice
- Not your keys, not your funds. Always use a non-custodial wallet for your crypto activities.
- Do not share your seed phrase with anyone
- Don't trust, verify!
If you have some tips to share, please do in the comment section, so we all can learn together, earn and stay safe together.
#etf #SCAMalerts #StaySAFU #BTC #AirdropOpportunity
#SCAMalerts
if someone ask you to invest your money with them on websites like the one i mentioned please dont. they will take away your hard earned money and you would get nothing. generally these people will contact you on social media platforms. stay away from them and stay safe.
if someone ask you to invest your money with them on websites like the one i mentioned please dont. they will take away your hard earned money and you would get nothing. generally these people will contact you on social media platforms. stay away from them and stay safe.
