Ilyas64184089
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Bullish
Seed Phrase Honeypot Scam Explained 👛
This scam targets people who think they just got lucky — but ends with them getting robbed.
😮 It starts with a public seed phrase shared in a Telegram group or random tweet. You see a screenshot with a wallet backup phrase and an attached token balance worth thousands of dollars. It looks like someone leaked their wallet by mistake. Some users can’t resist the temptation and decide to “rescue” the funds.
😊 They import the wallet into MetaMask or another app, see the tokens, and try to send them to their own wallet. But the transaction doesn’t go through — there’s no ETH to pay for gas.
So they send a few dollars' worth of ETH to the wallet to cover the fee. That’s when the scam is triggered.
There’s a bot watching this wallet 24/7. The moment gas arrives, it uses that ETH to front-run the user and drains the wallet instantly 🤖
This works because the scammer owns the wallet. The token balance is fake bait, sometimes enhanced with contracts or fake LP tokens that look valuable but can’t be sold. It’s designed to trap people who think they found free money.
🚫 Never trust leaked seed phrases. If someone “leaked” their wallet with thousands of dollars in it, ask yourself: why is it still full? The answer is simple — it’s a trap, and you’re the mark.
Share this post with people who might not know about this scam
$BTC
$ETH
$XRP
This scam targets people who think they just got lucky — but ends with them getting robbed.
😮 It starts with a public seed phrase shared in a Telegram group or random tweet. You see a screenshot with a wallet backup phrase and an attached token balance worth thousands of dollars. It looks like someone leaked their wallet by mistake. Some users can’t resist the temptation and decide to “rescue” the funds.
😊 They import the wallet into MetaMask or another app, see the tokens, and try to send them to their own wallet. But the transaction doesn’t go through — there’s no ETH to pay for gas.
So they send a few dollars' worth of ETH to the wallet to cover the fee. That’s when the scam is triggered.
There’s a bot watching this wallet 24/7. The moment gas arrives, it uses that ETH to front-run the user and drains the wallet instantly 🤖
This works because the scammer owns the wallet. The token balance is fake bait, sometimes enhanced with contracts or fake LP tokens that look valuable but can’t be sold. It’s designed to trap people who think they found free money.
🚫 Never trust leaked seed phrases. If someone “leaked” their wallet with thousands of dollars in it, ask yourself: why is it still full? The answer is simple — it’s a trap, and you’re the mark.
Share this post with people who might not know about this scam
$BTC
$ETH
$XRP
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.