Scammers Are Exploiting Multi-Signature Wallets (Tron): Stay Alert!

in #crypto14 days ago

I often receive messages like these, where someone asks for help transferring funds and provides the wallet's seed phrase or password.

Thanks for sharing such valuable information! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?

Thanks for sharing such valuable information! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?

It might seem tempting, but it's too good to be true. Don’t fall for it—these funds cannot actually be transferred out.

They are simply trying to trick you into transferring funds (like TRX) to their wallet under the guise of helping to unlock the balance. Once you send your funds, you’ll never get them back.

Remember, anyone offering "free" access to a wallet with funds is likely running a scam. Always be vigilant and protect your assets!

multi-signature authorization


Those wallets often require multi-signature authorization to access the funds. This means even if you have the seed phrase or password, you can’t transfer the balance without additional signatures, which the scammer conveniently doesn’t mention.

Import a Scam Wallet using the Exposed Seed Phrase to Tronlink Wallet.

Import a Scam Wallet using the Exposed Seed Phrase to Tronlink Wallet.

Insufficient Tronlink Wallet Permission (multi-signature authorization)

Insufficient Tronlink Wallet Permission (multi-signature authorization)

Instead, they’ll trick you into sending your own funds (like TRX) under the pretense of unlocking the wallet. Don’t fall for it—stay alert and protect yourself from such scams!

Stay cautious and avoid scams!

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