Mumbai, February 19:슬롯 머신 사이트 추천The crypto market is full of potential to some, while others face슬롯 머신 사이트 추천scammers who dupe them into thinking they made a good choice.슬롯 머신 사이트 추천The scams in the cryptocurrency market have affected several people who lost large sums of money without any hope of recovery.슬롯 머신 사이트 추천In슬롯 머신 사이트 추천the crypto market,슬롯 머신 사이트 추천people can anonymously슬롯 머신 사이트 추천trade슬롯 머신 사이트 추천cryptocurrencies and funds with others, which is also a problem as unknown threat actors could target them.

Recently, a new scam called "Share-Seed-Phrase" has emerged. This deceptive tactic manipulates victims into transferring funds into malicious wallets controlled by them. Binance CEO Richard Teng warned cryptocurrency about the new scam, explaining why investors need to be aware of it.슬롯 머신 사이트 추천What Is Bhashini AI? Know All About Features and Benefits of MeitY슬롯사이트™s Translation App, How To Download and Use Mobile App.

What is a Share-Seed-Phrase Crypto Scam? Here's Everything To Know

Binance슬롯 머신 사이트 추천슬롯 머신 사이트 추천that 'Shared-Seed-Phrase' was a new scam슬롯 머신 사이트 추천that was sweeping the crypto world and manipulating the victims. The슬롯 머신 사이트 추천scammers, using this new슬롯 머신 사이트 추천technique, dupe crypto users슬롯 머신 사이트 추천into sending funds from safe wallets to their wallets, which they set up슬롯 머신 사이트 추천in advance. They do this by슬롯 머신 사이트 추천convincing cryptocurrency investors to think they are professionals in the field. The impersonators then urge the victims to슬롯 머신 사이트 추천import a new슬롯 머신 사이트 추천seed phrase to set up a wallet and transfer assets to the target wallet.슬롯 머신 사이트 추천

How Does슬롯 머신 사이트 추천Share-Seed-Phrase Crypto Scam Work?

According to Binance,슬롯 머신 사이트 추천a seed phrase of a crypto wallet is also known as a "recovery phrase" or "mnemonic phrase'. It슬롯 머신 사이트 추천contains around 12 to 24 generated words슬롯 머신 사이트 추천that help the슬롯 머신 사이트 추천users recover private keys linked to the wallet. The슬롯 머신 사이트 추천scammers target the seed phase, which helps the슬롯 머신 사이트 추천crypto investors restore their wallets in case they forget their private keys. Scammers슬롯 머신 사이트 추천usually슬롯 머신 사이트 추천ask for the슬롯 머신 사이트 추천seed phrase to access the victims' funds in their wallets.슬롯 머신 사이트 추천However, the situation is the opposite with the "Share-Seed-Phrase" scam.

The scammers or criminals give their wallet's seed phrase슬롯 머신 사이트 추천to their targets, then trick슬롯 머신 사이트 추천them into transferring digital funds to their controlled wallet. According to Binance, they follow these steps.슬롯 머신 사이트 추천What Is 슬롯사이트˜Fake Number슬롯사이트™ or 슬롯사이트˜Fake Website슬롯사이트™ Scam on Google? How Can You Protect Yourself From Scammers?,

  • Scammers use fake calls or SMS to pose as crypto슬롯 머신 사이트 추천exchange슬롯 머신 사이트 추천platforms as a part of "share seed phrase". They tell their targets their account is슬롯 머신 사이트 추천compromised and they will need to transfer슬롯 머신 사이트 추천funds into a secure wallet.

  • Scammers send fake wallet seed phrases via email or SMS, saying it will be the victim's new secure wallet.

  • Criminals steal funds from wallets not owned by crypto users once they transfer their digital assets.

(The above story first appeared on LatestLY on Feb 19, 2025 08:01 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).