Published
2 weeks ago on
April 28, 2024
Slowmist, collaborating with Imtoken, has uncovered a fresh cryptocurrency scheme that preys on unsuspecting users through falsified USDT balances, as reported by Slowmist.
Exploiting offline transactions and leveraging USDT, scammers manipulate Ethereum RPC to deceive victims into believing they possess USDT funds in their wallets.
The fraudsters persuade victims to modify their Ethereum RPC URL to one under their control, leading victims to believe they have received USDT deposits, only to disappoint them when they attempt transactions.
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Furthermore, the scam involves luring users with nominal transfers to establish trust, then manipulating account balances and contract details, posing significant risks to unaware users. This scheme has been linked to broader fraudulent activities, including pig butchering scams.
The post Uncovering a Deceptive Cryptocurrency Scheme: Slowmist Exposes USDT Balance Falsification Scam appeared first on CoinFactiva.com.
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