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.