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Scammers steal seed phrases to hack cryptowallets

16
May
2022
Scammers steal seed phrases to hack cryptowallets

image credit: unsplash

Scammers will stop at nothing when it comes to stealing cryptocurrency. Some try to sell scarce mining equipment, others lure victims with gifts from cryptoexchanges or Elon Musk himself, or even post screenshots on public platforms with passwords for cryptowallets and collect “fees” from cryptoinvestors enticed by the prospect of a free lunch. Today we tell you about a new giveaway scam and underscore once again why the seed phrase for your cryptowallet must be guarded with your life.

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