TRON

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/beware-of-crypto-scams-targeting-trusting-users/" data-wpel-link="internal">Beware of Crypto Scams Targeting Trusting Users</a> 
The world of <a href="https://en.coin-turk.com/signal-of-a-fall-comes-from-a-giant-crypto-bull/" data-wpel-link="internal">cryptocurrency</a> is increasingly plagued by scams targeting participants. Recently, a common tactic has emerged in YouTube comments featuring messages about possessing “Tether” (USDT) and asking how to transfer funds to another wallet. Such messages are designed to lure victims into purchasing “Tron” (<a href="https://en.coin-turk.com/is-it-worth-buying-tron-trx/" data-wpel-link="internal">TRX</a>) and transferring these assets elsewhere. 
<h2 style="text-align: justify" id="strong-details-of-the-deception-strong">Details of the Deception</h2> 
According to Kaspersky, a cybersecurity company based in Russia, this scam method is cleverly designed. The messages explicitly share recovery phrases, prompting some readers to use them in attempts to access their wallets. However, while USDT may be present, TRX is typically missing. To transfer USDT, a small amount of TRX must be sent first. 
<figure id="attachment_420277" aria-describedby="caption-attachment-420277" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-420277" src="https://coin-turk.com/wp-content/uploads/2025/01/Kripto-Para-Dolandiriciligi.jpg" alt="" width="1428" height="229">
 <figcaption id="caption-attachment-420277" class="wp-caption-text">
 Crypto Currency Scam
 </figcaption>
</figure> 
At this point, scammers expect the victim to send TRX from their wallet. Once the TRX is transferred, the amount is immediately transferred to another wallet. This happens because the wallet is secured with a multi-signature system, necessitating multiple approvals for transactions. Consequently, no matter what the victim does, they cannot withdraw their USDT. 
<h2 style="text-align: justify" id="strong-how-to-protect-yourself-from-this-scam-strong">How to Protect Yourself from This Scam</h2> 
Although this scam method appears to target malicious individuals, innocent users are also at risk. Kaspersky recommends the following steps to protect oneself from scammers: 
<ul style="text-align: justify"> 
 <li>Be Cautious of Recovery Phrases: Never share your wallet’s recovery phrases with anyone, as they grant full access.</li> 
 <li>Approach New Accounts with Skepticism: Be wary of information shared by newly created accounts on social media, as they are often used for fraud.</li> 
 <li>Understand Transaction Requirements: Learn the requirements of networks used for cryptocurrency transfers. For example, TRX is necessary to send USDT on the TRON network.</li> 
 <li>Stay Informed: Be willing to learn about scams in the <a href="https://en.coin-turk.com/cryptocurrency-markets-show-signs-of-recovery-as-btc-surpasses-98000/" data-wpel-link="internal">cryptocurrency market</a>.</li> 
</ul> 
Kaspersky highlights that this scam method tests individuals’ honesty while ensnaring careless users. It is vital to remain vigilant in the cryptocurrency world to ensure your security. Remember, promises of easy profits are often fraught with risk; free cheese is only found in a mouse trap. 
The post <a href="https://en.coin-turk.com/beware-of-crypto-scams-targeting-trusting-users/" data-wpel-link="internal">Beware of Crypto Scams Targeting Trusting Users</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Beware of Crypto Scams Targeting Trusting Users

Table of Contents

COINTURK NEWS

Other articles published on Jan 3, 2025

Crypto Hub: Singapore Attracts Major Global Firms

Which Altcoins Are Making Headlines Now?

VeChain’s Impact on the Medicinal Plant Industry

Asia's MicroStrategy: "If Trump Keeps His Bitcoin Promise, These Countries Will Follow US Too!"

January’s Fractal Repeats: How Bitcoin’s 2024 Path Aligns with the Past

4 Undervalued Cryptos Under $4 with the Potential to Multiply $5 into $5,000 by 2026

Join our free newsletter for daily crypto updates!