Crypto scammers have finally found their thieving match: Themselves.
A new scam has been making the rounds mainly on YouTube that would make even the most cunning trickster tip their hat, security firm Kaspersky said in a security update last week.
„I have USDT stored in my wallet, and I have the seed phrase. How do I transfer my funds to another wallet?,” Kaspersky noted one such comment. The specific wallet held over $8,000 worth of stablecoins on the Tron blockchain. A seed phrase is a word string that grants their knowers access to a crypto wallet.
This question, however, was not from a crypto novice but a cleverly laid trap. Those stablecoins were held in a multi-signature wallet, and theoretically require a gas fee to be able to withdraw funds.
However, when thieves attempted to siphon off the funds by sending Tron’s TRX tokens to the wallet, the sent tokens mysteriously evaporated into another wallet controlled by the scammers.
The catch is that the bait wallet is set up as
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