Trying out DeFi applications can be valuable for understanding how the space works. However, this enthusiasm to explore can sometimes lead you to fall upon malicious applications. Stay safe by learning how to identify, avoid and report them 👇
Scammers employ various tactics to lure in unsuspecting users. They might pose as trustworthy individuals or groups, offering enticing opportunities to make money. These scammers often operate through social media channels, messaging platforms, or online forums, where they target users actively looking for financial gains or seeking guidance in the DeFi space.
The criminals send Jack detailed instructions and share a “secure link” to establish a wallet connection. Within moments of clicking the link, Jack's wallet is drained of all his USDT holdings.Steer clear of establishing connections with platforms or DApps you’ve never heard of before. Your best bet is to always stick with reputable applications with a proven track record of doing right by their users.
If they’re claiming to be someone with power or an employee of a reputable company, do a quick background check and verify their identity online. By following these essential tips, you can reduce the risk of falling victim to a DeFi phishing scam.If You’ve Fallen Victim to a DeFi Phishing Scam
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