Crypto Scammers Have Finally Found Their Thieving Match: Themselves
A new type of scam has emerged, primarily on YouTube, targeting wannabe thieves within the cryptocurrency space. This scheme involves scammers tricking inexperienced users looking to steal funds from wallets. For example, a scammer posed as a novice asking how to transfer USDT from a wallet, which held over $8,000 worth of stablecoins. However, the wallet was a multi-signature one, requiring multiple approvals for transfers. When thieves attempted to send Tron’s TRX tokens to this wallet to siphon funds, those tokens vanished into a wallet controlled by the scammers instead. This deception illustrates how these scammers are essentially tricking other criminals, making them victims of their own greed. It's reported that many accounts were involved in similar scams, making this an organized effort targeting lesser-skilled criminals, with the goal of losing small amounts rather than large sums. The scam's simplicity and the low cost of gas fees suggest it is designed for quick, small-scale exploits rather than large-scale theft.
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