Crypto phishing refers to malicious attempts by scammers to trick cryptocurrency users into providing sensitive data or downloading malware by posing as a legitimate digital currency company or service. In particular, crypto phishers usually aim to convince targets to reveal their wallet seed phrases or private keys. This article exposes some of the most common tactics crypto phishers employ to carry out these schemes.
Phishing Websites or Accounts
Scammers create fake versions of legitimate company platforms to steal your account seed phrase. Never enter it on any website-it gives total control of your funds. Real companies don't operate this way.
Fake Help with Impersonation
Scammers pose as customer support, contacting people on social media and messaging apps to "help" with account issues or claim airdrops while impersonating real companies. They phish for login details and send people to phishing sites. Don't trust unsolicited contact-real companies don't message users or ask for sensitive info.
Fraudulent Social Groups
Scammers make fake company profiles and groups on networks like Telegram and Facebook to promote phishing activity and scam sites. They bait victims with promises of airdrops, high commissions and FOMO to get people onto phishing pages or handing over account access. No real company markets or operates support this way.
Tips
Never Provide Seed Phrase and Private Key.
No genuine company will ever ask for your private keys, passwords or two-factor authentication codes to confirm your identity or "protect" your account. This violates basic security practices. Never share these details - doing so grants scammers full control.
Be skeptical of offers. If It Sounds Too Good To Be True, It Likely Is.
Avoid greed or fear of missing out from motivating risky behavior. Offers of "guaranteed returns" or demands that you act quick to get a bonus or avoid account closure are tactics used to manipulate victims into willful negligence. Slow down, assess the legitimacy of the message rationally before acting.
Verify the sender's identity.
Scammers often impersonate real companies. Check the email address or account handle.