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Crypto Scammers Bait Thieves with Public Seed Phrases in New Scheme: Kaspersky
In a surprising turn of events, scammers have devised a new scheme to trap thieves and exploit their attempts to steal cryptocurrency. This ploy involves posting public seed phrases on YouTube comments, luring greedy users into multi-signature wallet traps.
The scam begins with a seemingly innocent comment posted under a finance-related video from someone claiming to need help transferring USDT, a stablecoin, to another wallet. The individual shares their full seed phrase, which is akin to giving away the key to their digital treasure chest. This action should raise red flags, as sharing a seed phrase typically signals an uninformed or careless user.
However, Kaspersky’s recent findings suggest that these scammers are using newly created accounts and posting identical recovery phrases, accompanied by requests for assistance with transferring USDT funds. It appears that the goal of this scam is to ensnare individuals who would otherwise steal cryptocurrency from unsuspecting victims.
Upon investigation, Kaspersky discovered that similar comments were posted on YouTube from freshly minted accounts, each containing the same seed phrase and plea for help. The scammers rely on the fact that an unscrupulous person might take advantage of the situation by opening the wallet, potentially holding a large sum of cryptocurrency – in this case, equivalent to $8,000 in USDT.
The trap is set when the thief tries to transfer the funds, only to discover that the wallet lacks sufficient TRX to cover the transaction fee. When they attempt to send TRX from their own wallet, the tokens are rerouted to a completely different wallet. This clever setup ensures that even the most opportunistic thief cannot easily steal the funds.
The scammers primarily target other criminals with this scheme, tricking them into attempting to steal funds that they ultimately cannot access. It seems that these digital crooks are playing the role of digital Robin Hoods, targeting fellow thieves and making them their victims instead.
In conclusion, it is essential for cryptocurrency users to be vigilant in recognizing such scams and taking necessary precautions to protect their digital assets.
Source: cryptopotato.com
