Crypto Scam In Youtube Comment - How Does It Work?
I must say it is a simple but interesting one. I got several of these comments, found it funny, didn't pay attention. Then i seen it in different languages, different accounts, but same seed phrase. So i decide to take a look.
Bots are spamming youtube comments with a message:
I really appreciate your efforts! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
The first part varies and it usually is how nice your content is and they need help. (Nigerian prince also needs your help) but the second part is always the same. And there is a reason why they include the name of the wallet (OKX). I missed it, but it is a crucial part of the scam.
So most people in crypto would think there is something wrong with random comment sharing seed phrase in youtube comments and it must be a scam. But we all know curiosity killed a cat.
They said OKX Wallet so you download the OKX wallet and do the wallet recovery. You don't want to use your active wallet for a scam.
And you see 8k in USDT. You also see some other coins so first thought is, yes it is probably a scam, no one has so many different coins and don't know how to transfer it to Binance.
Then you scroll down and see that there is not enough Tron (TRX) to pay for transaction fees. So the obvious thing you think is, wow they are stupid i just need to transfer some TRX and the 8k are mine. No you will get scammed.
But How Will You Get Scammed?
For OG crypto people who deal with a lot of wallets and a lot of crypto it is probably obvious, for me, well my mind overcomplicated things. It took me a bit more of spent time, thinking i could scam the scammers.
You usually can't. But they need you to think you can :)
My brain went in the direction of some convoluted smart contract that moves TRX from the wallet the moment you send it there. We see it all over Twitter (X) where people click the wrong button and all their crypto is gone in seconds, so it must be possible. So i looked at transaction history.
2 and a half minutes. I can certainly transfer USDT out before they do the transaction. That is like lifetime.
With still having hope of scamming the scammers my brain went to " If InLeo managed to make an system that pays for your Arbitrum fees even if you don't have any, there must be a wallet that will do that and pay TRX fees in USDT that you own"
Well TokenPocket Wallet has something like that, complicated and looks like a Temu rigged lottery :)
But TokenPocket wallet also has something that is pretty important. And getting back to the reason why was it was important for the scammer to write a name of the Wallet they want you to use in the youtube comment.
TokenPocket wallet marks the MultiSig Wallet in the name of it.
There is no need for convoluted smart contracts. There is no need for them to remove TRX in a hurry. It is a MultiSig Wallet and you can't move the funds.
It is still important for them to move TRX out of the wallet, so it looks like there is not enough for the fees.
Did you saw this scam already. Was it obvious for you how it works?