Crypto Scams on YouTube: How Fraudsters Are Targeting the Gullible

Quick Summary:

The scam that was mainly identified on YouTube, are comments that are created to attract users with seed phrases to wallets holding thousand-dollars of cryptocurrencies.

This is yet another sophisticated trap connected with the use of multi-signature wallets for which several approvals are needed for outgoing transactions.

But to withdraw the funds a small amount of Tron (TRX) is payable as gas fees which are charged in the network.

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Article Details

Author / Journalist: Sohrab Khawas

Category: Crypto

Markets: United States

Topics: Hack News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-31 @ 05:54:48 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 320 words

Reading Time: 2 minutes read

Sentences: 30 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 24771076

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 24 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #112

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