One of the most common forms of fraud in the crypto world ⚠️
It is to trick the victim into making the transfer.
To the scammer's address instead of the correct address 🚨
It may seem silly at first but even millionaires fall for the trap.
A simple solution to help you avoid this problem 👇
I think many of you have noticed after sending cryptocurrencies to another wallet
Or a deposit address for a platform, to which a direct transfer of a small amount ($0.01) comes.
From a title that (seems) like a copy-paste title. Maybe the first thing that comes to your mind is
"Give me back my change"
Many people rely on copying the address to be transferred to from the transactions page of the explorer.
Example: A user transfers a small test amount before transferring the base value.
After the successful attempt, he receives a transfer from the fraudster immediately.
By mistake, he copies the scammer's address instead of the correct one due to the degree of similarity.
The fact is that the scammer creates an address similar to yours.
The similarity is usually between the first 4 or 5 characters of your address.
I talked a lot about the topic "Don't rely on reading the first and last 4 boxes of the title."
Anyway... follow me
One of the easiest solutions is private name tags through explorers like @etherscan.
The topic is simple and easy 👇
The example will be on etherscan.
1. We create an account through this icon
2. From the sign up option, we complete the usual process.
3. After reaching the account page, there is a Private Name Tags option.
4. After clicking on it, this page will appear. Through Add, you can add the addresses we want. You can add 5000 addresses.
Let's take this example: when you copy it into the explorer, you will find the following information that is visible only to you:
1. Tag in the information box
2. Tag in transfers (from and to)
(The special tags are surrounded by a frame as shown in the picture).
Here's the benefit of this method: when the scammer sends you the change, his address will appear without the special tag, which will save you from copying his address during the next transfer.
There is a bigger problem and I will dedicate a separate article to it: When your device is hacked, the hacker changes the address to whatever they want.
This type of hack is called a keylogger and is advanced but a decent antivirus program can help solve this problem.
Always check the full address.
I hope you found this content helpful ❤️
