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Here is a growing SCAM on crypto forums and posts, a plea for help 'moving' crypto coins. A 'fake' or compromised wallet is revealed in the comment section along with their 12-word SEED PHRASE . This is designed to trick you into trying to sign into (and stealing) their coins, when if fact, the connection will be reversed and YOUR crypto wallet will be drained!
There is NEVER an reason to share your BIP39 'seed phrase,' ever!
BIP39 defines how wallets create seed phrases and generate encryption keys. It is critically important that the numbers selected to create the BIP39 seed phrase be random! A BIP39 seed phrase created with appropriate randomness can not be guessed through brute force, because there are simply too many permutations.
The 12 words of BIP39 provide the required amount of entropy to generate a secure private key and more than enough security against a brute-force attack at the same time. It's important to note that far and away the largest cause of lost Bitcoin is not theft, but rather a user failing to properly secure their seed phrase.
Here, a SCAMMER shares the name of a wallet they possess and also discloses their BIP39 seed phrase , asking for help on how to move their USDC to a Binance wallet.
DO NOT VISIT THE WALLET NOR USE THE SHARED SEED-PHRASE!
This is a SCAM , designed to trick you into accessing and 'downloading' ("stealing") their supposed USDC coins in the compromised/fake wallet ( obscured here to prevent you, the reader, from trying it. )
The scammer WANTS you to attempt this, this is how they connect to YOUR hot wallet and reverse the transaction! THIS IS A TRAP and YOU will lose your assets in YOUR wallet!
FUCK these fucking scammers!!!
#scam #bitcoin #USDC #crypto #XRP #XLM #scammers #Binance #Exchanges #cryptotheft #cybertips #Bitcoin #BIP39
There is NEVER an reason to share your BIP39 'seed phrase,' ever!
BIP39 defines how wallets create seed phrases and generate encryption keys. It is critically important that the numbers selected to create the BIP39 seed phrase be random! A BIP39 seed phrase created with appropriate randomness can not be guessed through brute force, because there are simply too many permutations.
The 12 words of BIP39 provide the required amount of entropy to generate a secure private key and more than enough security against a brute-force attack at the same time. It's important to note that far and away the largest cause of lost Bitcoin is not theft, but rather a user failing to properly secure their seed phrase.
Here, a SCAMMER shares the name of a wallet they possess and also discloses their BIP39 seed phrase , asking for help on how to move their USDC to a Binance wallet.
DO NOT VISIT THE WALLET NOR USE THE SHARED SEED-PHRASE!
This is a SCAM , designed to trick you into accessing and 'downloading' ("stealing") their supposed USDC coins in the compromised/fake wallet ( obscured here to prevent you, the reader, from trying it. )
The scammer WANTS you to attempt this, this is how they connect to YOUR hot wallet and reverse the transaction! THIS IS A TRAP and YOU will lose your assets in YOUR wallet!
FUCK these fucking scammers!!!
#scam #bitcoin #USDC #crypto #XRP #XLM #scammers #Binance #Exchanges #cryptotheft #cybertips #Bitcoin #BIP39
