đ¨ ALERT to all investors, Explanation of the Seed Phrase Scam đ
This scam targets people who think they just got lucky â but ends with them being robbed.
đŽ It starts with a public seed phrase shared in a Telegram group or in a random tweet. You see a screenshot with a wallet backup phrase and an attached token balance worth thousands of dollars. It looks like someone accidentally leaked their wallet. Some users can't resist the temptation and decide to 'redeem' the funds.
đ They import the wallet into MetaMask or another app, see the tokens, and try to send them to their own wallet. But the transaction is not completed â there is no ETH to pay for gas.