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:
The Bait
Scammers share seed phrases on social media or forums, claiming they give access to wallets with large amounts of crypto.
Wallet Import
The victim imports the wallet using the seed phrase and sees a balance.
Gas Fee Trap
To withdraw the funds, the user sends tokens to cover network fees.
Automatic Withdrawal
The wallet is set up with an auto-withdraw feature, instantly transferring the deposited funds to the scammers.
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.
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