Unveiling Common Scams in the Web3 Space and How to Avoid Them#
The following content is a summary of my personal experiences, aimed at alerting newcomers and seasoned professionals in the industry! ⚠️ Remember: Observe more, learn more, and operate less!
1. Social Media Traps#
1.1 Precision Hunting on Social Platforms#
- Wealth Display Tactics in Friend Circles: Disguised as a trading platform contract expert, daily sharing profit screenshots + luxury cars and watches, inducing private messages to implement profit-sharing scams or redirecting to shady exchanges.
- Arbitrage Scam (Illegal, Do Not Engage):
- False exchange rates (e.g., 1:2 super high premium), immediately blacklisted upon actual receipt.
- Imitating official mining pool names, luring in with high yield rhetoric.
1.2 Fake U Trading Chain Scams#
- Contract Address Verification Guide:
ETH Chain: 0xdac17f958d2ee523a2206206994597c13d831ec7 TRX Chain: TR7NHqjeKQxGTCi8q8ZY4pL8otSzgjLj6t BTC Chain: 1NTMakcgVwQpMdGxRQnFKyb3G1FAJysSfz TRC20 Chain: TU9mNrsFuBLnjN2aUHS3onUbJHK8UPZauE ALGO Chain: PCFJdYZoHUDvzyTFi3tuX11DVjpkxHSu9KUAiWbDcW Arbitrum Chain: 0xfd086bc7cd5c481dcc9c85ebe478a1c0b69fcbb9 Polygon Chain: 0x7ceB23fD6bC0adD59E62ac25578270cFf1b9f619
2. On-Chain Security Offense and Defense#
2.1 Key Management Standards#
- Always create a dedicated wallet when using on-chain tools.
- Immediately blacklist any tools involving mnemonic phrases/private key imports.
2.2 Authorization Phishing Techniques#
- Disguised as on-chain friends, gaining trust and inducing scanning of "payment codes" (which are actually authorization codes).
- False "airdrop wallet" traps: displaying wallets with assets but lacking gas fees, inducing deposits and then instantly draining them.
2.3 Identifying Copy Trading Scams#
- Be wary of group members showcasing trades/KOL paid groups.
- Reject "guaranteed profit" promises and insist on independent research.
3. Digital Virus Defense#
3.1 File Transfer Traps#
- Refuse unknown TG files (common names: wallet password/mnemonic phrase/statements).
- If infected, immediately perform a full antivirus scan + reinstall the system.
3.2 Account Security Protection#
- Ignore all TG verification links (officials never verify via private messages).
- Download software only from official channels.
4. Identity Forgery Scams#
4.1 Impersonating Official Personnel#
- High imitation accounts in communities actively "assist" in solving problems.
- Falsifying early investment opportunities to induce transfers.
4.2 Upgraded Phishing#
- Imitation replies under official tweets (with gold badge certification).
- Fake base stations sending exchange verification SMS.
5. Social Engineering Fraud#
5.1 Account Hijacking#
- Abnormal loan requests from friends' accounts require multiple verifications.
- TG/DC platforms need secondary identity confirmation.
5.2 Deep AI Forgery#
- Video verification must be confirmed with a voice call.
- Always verify real identity before transferring funds.
6. High Yield Traps#
6.1 DeFi Risk Warnings#
- Projects with daily returns over 1% should be immediately blacklisted.
- Gambling arbitrage rhetoric = principal harvesting machine.
- Shady IDOs = zeroing catalyst.
Anti-Scam Maxim: Excessive returns come with excessive risks; maintaining skepticism is the best armor!
🔥 Selected On-Chain Tools#
1️⃣ Axiom Dog-Chasing Tool https://axiom.trade
2️⃣ Gmgn Market Analysis https://gmgn.ai
3️⃣ Dbot Trading Assistant https://app.debot.ai
4️⃣ Morelogin Multi-Opening Tool www.morelogin.com
Further Reading#
【Binance Megadrop Zero-Risk Participation Guide】
【Real Wealth Stories: From Millions to Debt】
Popular Searches#
Crypto Scam Prevention | Contract Traps | Wallet Security | Airdrop Collection | Exchange Registration | OKEx Tutorials | Node Staking | Leverage Risks | Web3 Introduction | btc8848.com
This article is original by @Socialism Successor, please retain the source when reprinting.