What does Multisig fraud mean? And how to avoid it?
Fraudsters are developing their methods, and one of the latest scams in the crypto world right now is: the Multisig wallet scam.
In this type of fraud, the attacker convinces the victim to share a Multisig wallet with them — which is a wallet that requires more than one private key to execute transactions, creating an illusion of security and shared control.
Once they gain trust, the fraudster has the victim sign a transaction giving them full control over the wallet or assets.
✅ How to protect yourself?
Do not participate in a wallet or sign with someone you do not trust 100%.
Always review the details of any transaction before you sign — even if the wallet looks trustworthy.
Use wallets and tools from trusted and well-known sources only.