The following is a look at two different ways attackers use airdrop phishing scams to steal funds and how you can protect yourself. Web3 DeFi Crypto
The first attack usually shows that the airdrop is receivable but the person must use a compatible Web3 wallet to retrieve the so-called ‘free’ funds. The website will lead to a page that shows all the popular Web3 wallets like Metamask and others, but this time, when clicking on the wallet’s link an error will pop up and the site will ask the user for the seed phrase.
To get support, open MetaMask and navigate to “Support” or “Get Help” within the dropdown menu. Do not trust anyone who has sent you a direct message. UNDER NO CIRCUMSTANCES should you ever give your Secret Recovery Phrase to anyone or input it into any site!This is where things get shady because a Web3 wallet will never ask for the seed or 12-24 mnemonic phrase unless the user is actively restoring a wallet.
Basically, the user just gave the private keys to the attackers by falling for the Web3 wallet error page asking for a mnemonic phrase. A person should never enter their seed or 12-24 mnemonic phrase if prompted by an unknown source, and unless there’s a need to restore a wallet, there’s really never a need to enter a seed phrase online.The second attack is a bit more tricky, and the attacker uses the technicalities of code to rob the Web3 wallet user.
However, the attacker has written the code in a way that makes it so that instead of giving the site read access to balances, the user is ultimately giving the site full permission to steal the funds in the Web3 wallet. This can happen by simply connecting a Web3 wallet to a scam site and giving it permissions. The attack can be avoided by simply not connecting to the site and walking away, but there are lots of people who have fallen for this phishing attack.
3️⃣ When you find what appears to be staking for this token, the Approve txn gives unlimited spending of other tokens
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