Seed Phrase Scams

Scammers are always inventing new ways to fraud people, and one of the most popular scams involves importing someone else’s seed phrase. They promise access to a wallet with a large balance—but it’s a trap.

How the Scam Works

Here's what scammers do:

1

The Bait

Scammers share seed phrases on social media or forums, claiming they give access to wallets with large amounts of crypto.

2

Wallet Import

The victim imports the wallet using the seed phrase and sees a balance.

3

Gas Fee Trap

To withdraw the funds, the user sends tokens to cover network fees.

4

Automatic Withdrawal

The wallet is set up with an auto-withdraw feature, instantly transferring the deposited funds to the scammers.

5

Funds Lost

Once the funds are sent, the victim loses their crypto.

How to protect yourself?

Warning when importing suspicious wallets

MyTonWallet now automatically warns users when attempting to import a suspicious wallet—this feature helps avoid such fraudulent schemes.

Never use someone else's seed phrase

It’s almost always a scam.

Avoid "easy money" offers

If something sounds too good to be true, it probably is.

Verify everything

Double-check addresses and contracts using blockchain explorers.

Never share your seed phrase with anyone.