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Nimiq

I want to share this (luckily) unsuccessful, but very clever and close scam incident from yesterday 👇.  Saved $20m. Hope it may also save you one day.

The scammers are so good now they generate addresses with the same starting and ending letters, which is what most people check for when doing a crypto transfer. In fact, many wallets hide the middle part of the address with "..." to make the UI look better. 

The scammer then use this address to send you dust transactions so that the address is shown in your wallet. Now, if you want to send to the legitimate address, you might just pick one previous transactions in your wallet and copy the address. You might just copy the wrong one. This is what happened yesterday, to a very experienced crypto operator.

Positive ending for this one. The operator noticed the error right after the transaction, and we were able to request the USDT to be frozen in time. It will now take some process, including filing a police report, to reclaim the funds back. But at least, the funds won't leave with the scammers.

Fast reaction is key in these types of recovery.

Hope this will help you avoid these one day. Stay #SAFU! 🙏

Twitter

Kudos to @cz_binance for raising awareness to a very important issue.

🔒This is precisely why Nimiq uses unique identicons which offer an instant visual cue to verify your address & protect you from such scams.

Safety & vigilance always.

Stay #SAFU out there!

#crypto