Seed Phrase Honeypot Scam Explained in Simple Words 👛

This scam tricks people who think they just got lucky — but ends with their money being stolen.

😮 It starts when someone shares a wallet’s seed phrase (a backup phrase) in a Telegram group or on X (Twitter). They also show a screenshot of the wallet holding thousands of dollars’ worth of crypto. It looks like the person accidentally leaked their wallet info.

Some people see this and think, “Let me grab those funds before someone else does!”

😊 They copy the seed phrase, import the wallet into MetaMask or another app, and see the tokens sitting there. But when they try to send the tokens out, the transaction fails — because there’s no ETH in the wallet to pay the gas fees.

So what do they do? They send a few dollars' worth of ETH to that wallet so the transaction can go through.

⚠️ That’s exactly when the scam activates.

A bot is watching the wallet all day. As soon as ETH lands there, the bot uses it to send all the tokens out — straight to the scammer’s wallet 🤖

This works because the scammer actually owns that wallet. The tokens are fake or worthless and just there to bait people. Some are made to look valuable (like fake LP tokens), but they can't be sold.

🚫 Bottom line: Never trust leaked seed phrases. Think about it — if someone really lost access to a wallet with thousands of dollars in it, why hasn't anyone already emptied it? Because it’s a trap — and you’re the target.

👉 Share this with friends so they don’t fall for it.