Phishing scams are the most common form of fraud in the cryptocurrency market. In order to set up traps, scammers may build fake trading platforms or fake websites for popular projects to deceive unsuspecting victims. These fake websites often have similar domain names to the websites they are trying to imitate and look very similar to legitimate websites, making it difficult for investors to tell the difference.

These websites will use various methods to induce victims to connect to personal wallets and provide private key information, including but not limited to providing false transaction interfaces, trying to make a bigger pie (such as airdrops that do not actually exist), etc. . After users enter personal information such as encrypted wallet passwords, mnemonic phrases, and private keys, fraudsters who obtain the information have the opportunity to loot the assets in the wallet.

Generally speaking, there are many forms of crypto phishing scams, including the ones mentioned above fake websites, as well as malicious links, emails, apps, etc.