With the launch of Alonzo, many fake wallets will be launched on play store.
That’s why it is a big NO for you to pick any wallet randomly from the play store because there are chances that it will be fraudulent and you may end up losing your money.
Though these wallets may promise you the seed and control of your funds, never fall for them without proper due-diligence.
It is one of the easiest ways to scam people and happens many times during the launch of Hardforks. These wallets take your seed or private keys and rip you off.
Phishing scams are another common form of scam in the cryptosphere.
Here, the scammers will try to get your username, password, or seed keys somehow by fooling you. Mostly the attackers use two methods to achieve this:
Punycode Fake Airdrops
The most sophisticated form of scam.
In this type of crypto scam, scammers make fake Twitter and Facebook OR hijack YouTube account to impersonate the actual legit project or the person behind it.
You will find many impersonators on Facebook/Reddit/Youtube acting like Charles Hoskinson or Binance’s CEO and announcing airdrops/giveaways etc which are never true.
This search and copy/paste/alter some sh*t, took me about 5 solid minutes. (UUHHH)
I’ll leave, again, the lastest video from hoskinson for you to be watchfull:
Pass it along on your networks (or don’t).