One of the types of crypto fraud

Have you ever experienced small amounts periodically arriving in your exchange account or your wallet? Do you think someone is just making a mistake?? No, that's not the case. This is one of the older, yet still effective types of fraud that still exists even today.

What is the scheme?

Fraudsters create a wallet with an address visually similar to your personal address. For example, your wallet address ends in ..4e7a, but you receive from an address ending in .4e7l. Sometimes they don't even bother and just send small amounts to active wallets (and this can all be seen through the blockchain). The goal of all this is to get into your transaction history.

After a certain period, you might decide to send crypto from your wallet, for example, to an exchange and copy what seems to be a familiar address from your transaction history. But this is the fraudsters' address. So, the scheme relies on inattention and laziness to not check the address properly but to use the history instead.

How to avoid falling for this scheme?

It's simple, do not copy addresses from the history of incoming transactions. Always go through “receive” -> “wallet address.” Always check all characters of the address when sending.