Crypto Scammers Bait Thieves with Public Seed Phrases in New Scheme: Kaspersky
A new crypto scam appears to be flipping the script on thieves. By publicly sharing seed phrases, scammers set up bait wallets that entangle opportunists in a deceptive scheme designed to exploit their attempts to steal funds.
According to cybersecurity firm Kaspersky’s latest findings, scammers post crypto wallet seed phrases on YouTube comments using newly created accounts.
Initial Bait
The scheme begins with a comment under a finance-related video from someone claiming to need help transferring USDT, a stablecoin, to another wallet. They reveal their full seed phrase, essentially sharing the key to their wallet, which seems suspicious at first glance. This act of sharing a seed phrase is a red flag, as it is the…
