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Scammers are now giving you their seed phrase

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by COINS NEWS 248 Views

I just saw a post where the OP posted a seed phrase. He said it was a treasure hunt of some sort. It seemed suspicious so I did some research. I saw this article about rotten seed phrases. It's somewhat different but the same principle is applied.

Basically, what the scammer tries to do is trick a user into installing a wallet using a compromised seed phrase that the attacker has access to. Once the rotten seed phrase has been imported, the scammer waits for the user to add funds to their wallet, and then drains the accounts.

First of all, if it's not your seed phrase, don't access it. Second, if it's too good to be true, it probably is. Third, be vigilant. Everyone is vulnerable to being scammed.

TLDR: You guys remember when people across the US and some other countries received mysterious seeds, this is exactly like that. Don't use them.

submitted by /u/AlcoholicShinobi
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