Bitcoin Forum

I use Trustwallet to swap between tokens. This has worked for me for a long time.  

Now, am I correct to think I traded a fake BUSD token? Or did I got tricked by a BUSD low volume look-alike/honeypot?
I did use the built in swap feature of Trustwallet. Same network, (Binance Chain) but the BUSD was fake.

Binance USD (Wormhole) (BUSD) is the real name but it only appears as BUSD in Trustwallet. The custom token was disabled, yet the token I swapped was still displayed in the interface, which led to confusion.

https://talkimg.com/images/2025/04/21/U2UjAz.png This is the symbol. When using the Trustwallet swap UI, the symbol is made to look extremely similar to the original because the Trustwallet UI blocks out the parts on the image that are different.  

My address: https://bscscan.com/address/0xcead2244f04ca3ff2824708e545aa6bb1c24dc0c
The fake token in question: https://bscscan.com/token/0x035de3679e692c471072d1a09beb9298fbb2bd31
Transaction Hash: 0xec94cb8c6b92625fb9f6d114efcd66501a3e9401ec171f8af53044d41d7fdcfb (https://bscscan.com/tx/0xec94cb8c6b92625fb9f6d114efcd66501a3e9401ec171f8af53044d41d7fdcfb)

What it looks like on Trustwallet:

Customized token settings is OFF for the fake BUSD:
https://talkimg.com/images/2025/04/05/lpWKv.png

Yet it still appears at the top when searching BUSD in Trustwallet:
https://talkimg.com/images/2025/04/05/lpqHH.png

If you press the “info” button for the token details then it results in an error,
preventing from verifying important details like the token’s liquidity
and contract address before the swap:
https://talkimg.com/images/2025/04/04/lbbvj.png
"scammed" by sloppy UI. Thanks Trustwallet.

This was the trade:
https://talkimg.com/images/2025/03/31/lJL3j.png

Trying to trade it to the real BUSD looks like this:
https://talkimg.com/images/2025/03/31/lJVJc.png

But Trustwallet is giving me a false estimate. THERE IS NO LIQUIDITY.

So I cannot trade back.

What do I do now? Try to exchange the fake tokens back? Nope. No Liquidity. On Trustwallet it shows me I can get 150 USD back in a swap but I cannot even use 1inch to exchange it due to 100% slippage.

I thought of myself a veteran when it comes to cryptocurrency, but one small mistake and almost 6k gone.

Let this be a lesson to the newbies here: Always triple and quadruple check what you are swapping for. You could end up swapping your money for worthless trash by accident.

This really sucks.  :( :'(

All of this is because Trustwallet will not implement user protection by at LEAST warning them the same way every other dex does and
had I traded on 1Inch, Pancakeswap or any other serious dex,  I would see a warning like this:
https://talkimg.com/images/2025/04/01/lccB9.png

edit: no, I did not add any custom tokens. From my point of view, there should not have been a swap option visible for the illiquid token in the first place.

Sorry for the loss goldkingcoiner. This is the reason I don't work with meme coins and if there be any need for that it should be done on a separate wallet that is funded with the funds just for that particular process. Aside from this too trust wallet sucks it used to be a fairly good wallet back in the day but currently it's worse.

It's security is way low and so many vulnerabilities are easily exploited. I'm sure you too have seen similar incidents of fake contracts too. All I can say is try to be optimally careful with meme coins infact don't ignore the tiniest detail.

Swapping for the wrong token is a very much re-occuring issue on trust wallet.

Must guys don't even get to a chance to get them back while some who did report to the appropriate team got them back.
here is a similar case on trust wallet https://community.trustwallet.com/t/swap-problem-tokens-missing/301062

Sorry for your loss but how exactly you got scammed?
Did you swap to 3rd party site? And in what site? So that other people are aware about the site.

Trustwallet have builtin swap feature why you didn't use the builtin feature?
Or maybe you swap them inside the app? But how exactly you've been scammed?

TrustWallet is a bit buggy there are some reports that after they swap their coins to other coins in different network their coins are gone but the fact is the network where they swap is disable it needs to be enable if you want to see your swapped coins. So maybe you have similar case?

I did use the built in swap feature of Trustwallet. Same network swap but the BUSD was fake or something. Look at the transaction hash.

Token: 0x035de3679e692c471072d1a09beb9298fbb2bd31

Binance USD (Wormhole) (BUSD) is the name

https://bscscan.com/token/images/wormholebusdeth_32.png This is the symbol, when on the Trustwallet UI, is made to look extremely similar to the original.

Transaction Hash: 0xec94cb8c6b92625fb9f6d114efcd66501a3e9401ec171f8af53044d41d7fdcfb (https://bscscan.com/tx/0xec94cb8c6b92625fb9f6d114efcd66501a3e9401ec171f8af53044d41d7fdcfb)

My address: https://bscscan.com/address/0xcead2244f04ca3ff2824708e545aa6bb1c24dc0c

This is a good lesson for beginners because it is clear that you, OP, are not the only one who has fallen victim to this scam. Unfortunately, there are many transactions and holders of the fake BUSD token.

https://www.talkimg.com/images/2025/03/31/lJoXD.png

It’s evident that people like you, made a mistake in choosing the official token. Here are the original smart contract addresses on CMC (https://coinmarketcap.com/ar/currencies/binance-usd/). Indeed, caution is necessary when performing a quick swap via Trust Wallet. People can also rely on Pancakeswap or any DEX and manually input the correct coin contract address, which provides more security than hastily swapping without focus, potentially leading to significant financial losses.

I'm sorry to hear about your loss. It's true that whenever you are making financial actions, always make sure to double-check whether you are doing things correctly or not because exploits are everywhere these days, and even the most experienced users can get scammed even when they feel they are doing everything perfectly. Now, the screenshot you have shared, it shows that even though the icon isn't completely visible on the swap page, but if you notice, you can still see a portion of the Ethereum logo on the left side. These are the details that can save one but only if they look carefully.

Newbies should avoid using swaps and decentralized platforms because they contain too many risks, and newbies can easily get scammed. It's better for them to use centralized exchanges where duplicate tokens can't scam you because centralized exchanges only list coins and tokens after approval and everything.

I won't be surprised if many of these victims are using Trust wallet. To be honest I wonder how well their dev teams does in their innovations because it's often common for customers to fall victim of scams and then complain about a feature they can improve on to avoid this before they usually do it.

A really good lesson/reminder for everyone to  be really cautious about swapping and also avoid using Trust wallet.

It looks like you use your trustwallet to connect to wormhole before for bridging?
Because in my TrustWallet I can't find this option wormhole or maybe you added it manually as another network?

If you did then it's your fault to trust other network when adding random network in TrustWallet it always gives you warning about the possible cause if you use random network unverified by TrustWallet.
By default TrustWallet EVM protection is enable actually to prevent this similar issue if this feature is disabled in your Trustwallet then you made a mistake.

If I were you check this in trust wallet and enable these protections under swap settings.

I am sorry about your lost goldkingcoiner. I hope that the other victims will also come out because I know that there are so many users of this wallet and also possibly became a victim of this scam token.

I've seen this trick in some other wallets done by these scammers. A token will suddenly pop on our wallets as if they're the real ones, I hope that smart contracts will be more strict on deployment of new release tokens.  :-\

I did not bridge anything. Both the SOL tokens and the BUSD (Wormhole) tokens are on Binance Chain, as is the real BUSD. I did not add any tokens. I merely used the swap function. When you search for a token before swap, it shows you the options. At the top it showed me BUSD but this was not the real BUSD.

This feels bad. I am sorry you lost your crypto coins to a fake busd when you thought you had everything under your control since that's what you normally do. Swap your coins peacefully on your trustwallet without any issues.

Of late, because of the high rise of scams, it should be a mandatory attitude to always cross check addresses or coins sent to you before clicking on send. Whatever that is sent or swapped is not reversible in crypto, that's the ugly part of it. Nobody is actually bigger than falling into a minor mistake that could be avoided by simply cross checking gradually without rush

Veteran user or not, stuff like this will happen to everyone sooner or later. Hopefully you get lucky and it's a small amount.
Especially the older users, who think they know everything and have seen everything. One moment of distraction and bam, you get hooked

I know that you are the person who made the mistake. But Trust Wallet shares the blame here. They are doing nothing to protect their users. Personally, I have not used Trust Wallet for a long time now, I don't know what it looked like and what options you had when you swapped. When I make a swap on DEXes, I usually check coinmarketcap and verify their smart contract first before I perform a swap. I suggest everyone do the same before you perform a swap. It's better to spend some time verifying the smart contract than be sorry for your mistake. Your thread is an example that no matter how experienced you are, you can still make mistakes.

This is so enraging.  You have to be careful what contracts you sign because you may lose your Shitcoins, although smart contracts are pretty much never readable by the average user.  Now you have to worry about making sure the correct BUSD is chosen because in a matter of time maybe you will have to choose the right between hundreds of wrongs.

I suppose you already read a lot of replies calling you out for not checking the coin address before hand so I will not deepen the wound.  I fiddled with some of these Shitcoins a long while ago and ignoring the fact that I always had to be worried about maybe signing the wrong smart contract, I always checked at least three to four times that the right address of the coin has been chosen and I would even double check its legitimacy using a separate device connected to a separate internet connection.  Call me paranoid but so far I have never lost any Shitcoin to a scammer through a mistake.

When I found out that the wrong smart contract may end up being a trap planted by some scammer, I decided to split my Shitcoins into a separate wallet for each.  Meta Mask and I believe even Trust Wallet is easy to work with in this case because it is easy to switch between wallets.  That was my way of, sort of splitting the eggs into multiple baskets in case of a disaster.

This always convinces me that sticking to strictly Bitcoin and Monero is the best choice I ever took.  No more stress.  No more unnecessarily complicated mess.

Sorry for your experience. It is unfortunate to have such an experience, even for a veteran in the crypto space. This demonstrates that no one is immune to mistakes, and the only thing left is for individuals to be cautious whenever they engage in any transaction or activity involving cryptocurrency exchange. Maybe you trusted the system because you have long been using it for transactions, and you least expected this to happen, and unfortunately, the unexpected happened without you having any knowledge of its possible occurrence.

I will also advise other members to also do well to constantly do a check on addresses before they carry out any transaction so they do not have similar experience. Irrespective of how long they have been using that medium to conduct transactions, it is important to take note of it because anything could happen, just like what happened to OP. I believe this would serve as a lesson to others to learn from that it is good to always do a routine check whenever we want to do do transaction.

As for contract verification, you can use this website to verify  honeypot.is (http://honeypot.is) to know if the contract address is genuine or not.

Trust Wallet should improve its security and all those verifications with legitimate contracts that it has. I know that in other wallets, you would be notified if you are transacting with a non-verified contract address, and maybe that’s when you would check if it is a legitimate contract.

OP, I am sorry for your loss. Thank you for sharing and making sure that no nobody else here in the forum would be victimized like this

Thanks for the condolences, everyone... It means a lot to me. :)




The thing that infuriates me most with this is that I never added any tokens to my Trustwallet. When I swap for BUSD, the real BUSD is always at the top of the search bar. Trustwallet showed me the wrong token this time at the top.

Sometimes the search function does not even work properly on Trustwallet! And it freezes up and shows me nothing or the wrong coins to the ones I searched for. So I have to restart the app if I want to unbug it.

And contract address? You would need to DYOR for that because Trustwallet does not show sufficient details on the app.

even for crypto veterans like you it is still possible to get scammed like this, let alone those who are new to crypto, they are most vulnerable to being scammed if they are not careful about this. this is a lesson for all of us to be more careful in using the built-in swap feature of trustwallet because it is only more vulnerable to scams like this. i will not comment anymore on what should be done, but this is a warning for us to be more careful using this application until they fix their security issues.

That was a damn huge sum you know??? Sorry for the lost and in forebeing it this should be a call to remind us that making mistake can be humility nomatter how knowledgeable you are.
We just need be careful even in the professional cryptographs.

The incident could be scam or literally a mistake leading to the error which might as well be course of the particular coin he held and on the tendency of swapping, boom.... Everything gone.

That just to say he was enable to see the reality of how the trick was structured by the scammers.

@goldkingcoiner has been such as good as admirable mentor impacting beginners specifically to stay free from being scammed or any deeds that may lead to the lost of funds, but here he became a victim.
That another warning and reminder that we are all bond to make mistake but being much careful, crosscheck and even consult if need be will do us lot of good to stay scam free and off from any angle that is potential to the lost of our funds.

Sorry again and thanks for sharing. Let us keep spreading potential means which we can lost our funds even while our Privacies are intact.

The more we are exposing people to know more about the needful when it comes to information about crypto wallet, yet you will still discover the more some are getting confused about the necessary things needed to be done, it's not easy to lose money, secondly, there is a way some people are being tricked, for instance you want to buy bitcoin and you ended buying bitcoin cash, will can be a serious mistake if care is not taken, this is just a single examples amidst the numbers of mistakes related to this and has led to loss of fund for one reason or the other.

Ouch..! Sorry, goldkingcoiner, this was really an awful situation that you experienced. The reason why I don't like using swap DEX is because of the warning that usually displays when I am trading, the warning always says, "make sure to verify that the token you are swapping to is the same contract address with the original token you want" Seeing the warning, I will manually go and copy the contract address of the original token I want to trade and I will paste it on the search to make sure that am trading the right token. That made me stop using swap, I would rather deposit to centralized exchange and trade.

@goldkingcoiner, why did you choose to swap to BUSD when binance already announced that they will discontinue BUSD?

The lesson is for everyone for me, not just newbies. If you a veteran can make such a mistake, it is possible for everyone else.

Double-checking for verification is always necessary to avoid some mistakes like this and also mistakes like sending to a wrong wallet address, mistakes that could all be costly. Some reasons why some people fail to double check each time are
1 - Fatigue
2 - Assumption
3 - Trying to transact Hastily.

If we take note of this, we will be doing ourselves a great good.

I understand you too well and I have also given it a thought because what if a crypto novice wants to buy bitcoin and doesn't know how to buy it or where to buy from, and he or she gave someone they could trust and the person give them a little figure or Bitcoin instead of the exact figures that they are supposed to get. However, I am not used to trust wallet and I haven't gotten this kind of experience before because I'm used to electrum and binance. If I use Binance to buy bitcoin through p2p I can send from there to the electrum Wallet.
Actually, if I want to swap my coins to any other currency I am sure to swap to the ones I know about and not any meme coin.

Trustwallet is not longer a secure wallet to swap your token, because alot of scam activities are going on there, and Trustwallet also need to improve in there security for them to maintain there reputation.
As for OP I know how it feel  to lost money, especially when you are scam, but take heart and be careful next time, and thanks for sharing the update with us.

 This is so sad, I won't lie. Even if you had to pay for your ignorance about the whole thing, $6k is quite a huge amount to lose. This is really a big lesson for traders. I use Trustwallet but haven't used it to swap coins on the app since I usually use another place.
Just want to know, isn't there a way to complain or report them so that other users be wary when entering that place?
 

You wouldn't think there is a token spoofing BUSD since Trust wallet is the Binance owned wallet, they would have know something is alarming in the name itself and most probably they would have checked the contract also.

If this still happens and another victim comes here for this thread, it will not be surprising anymore.
BUSD is still in use in Binance and some of their platforms, they can't however just create more BUSD as far as I know which means there is the need to monitor BUSD.

Are you talking about the migration from BUSD on the BEP2 chain?

This is a very sad incident. $6k is a very big amount. Before swapping any token on any DEX, the contract address has to be verified. This is something that everyone does during new coin swaps, but it is not usually done in the case of old and popular coins. It is not a problem that new coins are being added to a wallet constantly, but how can a fake coin using the same name and logo of a popular coin be kept in a popular wallet like a trust wallet? They are completely responsible for this. Despite being such a big company, they do not ban these fake coins.

Sorry for your loss. You didn't notice that the trust wallet UI was fake because it looks exactly like the original. Anyone will fall for this because you wouldn't think that such thing would happen. It's better that people using trust wallet should be very careful or better still avoid using it to avoid similar scam.

You are right; the list you have made contains mostly the reasons why mistakes of this nature occur. Let me add up to this;

Over trusting the system to be genuine reasons being that one got it from a reliable source which can not be verified and in some cases,  the source they got such from do not even do their verification because they too never used it.

Another reason is that when carrying out the transaction, there might be some form of distraction that could draw the attention of whoever is transacting, and in the cause of being distracted, they might not look into what they are doing, and this might lead to a mistake on their part.

This is so painful mistake and cost lots of money. This is also the reason why I don't use the built in swap feature of those wallet since aside from high fee's, we are prone to get an issue like this.

Don't know if there's something else to do with this case but I think Trust wallet management would left it as it is especially that they can reason out that you made that swap legally. This incident warns lots of people to always check what they are doing and make sure that we pay attention upon swapping our coins.

$6k is very big amount and what a huge waste of money gone from accident like this.

I agree, they have to do this for the safety of their users. If, out of nowhere, some contracts need to be confirmed by the user, they should give some warning if it's from an unverified source.

Trust Wallet should have taken measures when this was first reported to them. They probably are aware of this, but I don't know if they've only given a warning or some improvement since I don't use this wallet. I'm sorry with OPs loss on this incident.

Meanwhile, I am very sorry for your loss, making mistakes is easy in the Crypto world and nobody and sure of this. I never use Trustwallet so I don't know exactly what to recommend and I have not read all the conversation of the thread entirely, maybe it has already been proposed. Have you been trying to do swap again with Sol? Maybe the liquidity on that couple is still present

The problem with trustwallet has been around for a long time, because there are quite a lot of complaints about the security of this wallet, but its users are still many because they feel effective for storing many tokens.
I use trustwallet only to store coins temporarily before exchanging them on the exchange.

Sorry for your loss Op, this is a lesson even after being involved in the crypto world for a long time, it is not a guarantee that it will be safe from scam practices, there are always loopholes that scammers exploit to deceive.

As far as I know, Wormhole bridged assets are legitimate tokens, although they might not be considered the canonical version of that token on a particular blockchain. Wormhole BUSD is worth around $1 when you look at price charts (https://www.coinbase.com/price/solana-busd-token-wormhole).

The reason you got such a small amount is because there is not a lot of liquidity on DEXs and that caused a huge price impact. It should have been a red flag when the quoted rate for 43.99 SOL was only 239 BUSD. I don’t know why Trust Wallet doesn’t show a warning as is standard practice on every DEX or aggregator that I have seen. It is a terrible design to not have the most basic user protection feature on their interface.

Does the application not show the contract address when choosing a Cryptocurrency from that list?  I have a really blurry image of how Trust Wallet looked like back in the day when I used it, but I believe I did see a contract address either when picking the Cryptocurrency to swap to / from or after picking it.

If not, just find a better wallet to replace Trust Wallet with.  Preferably a wallet that does not require a chunk of Trust.

They don't directly show the contract address
Just the symbol and name except you specifically click on it for further information.

But how many people would cross check contract address
When the original should be at the top due to liquidity and his past history.
Not to mention similar symbol.


@goldkingcoiner sorry for your loss. This just go to show what a simple overlook can cause even while not your fault.


Have you checked for permissions granted to tokens?
To prevent something like this spranging up.


Further if not careful they can use this for social engineering to facilitate phishing.
They are aware of your address and can search for your wallet and see if it has been linked to any information
That can give them advantage for social engineering.


Sorry once again for your loss. Sharing this would help individuals here realised that it doesn't cost to cross check
Even if past interactions has been good.




P.S I only used Trustwallet when I recently learnt about cryptocurrency but left when I found it was no longer open sourced.

Sometimes you gonna miss out to check it especially if you trust the platform and frequently doing this activity. But to bad he made a mistake for trading on a wrong token.

Trust wallet have the problem on this situation since instead of being active to delist those tokens or coins which don't have value they let it set out unto their platform. Now a huge damage has been made and I don't think they would take action on it since for sure they create their own reason to save their asses from this incident. Sad to lose such huge money for this and this incident happened to @goldkingcoiner serve a warning to us about the situation happened to him on Trust wallet. If I am the one who encounter that issue I will not use that wallet anymore.

Thanks for the condolences everyone. It makes me feel much better.  ;D





On some tokens, the fake BUSD token included, when you go into the token details page it only displays an error message. So you would not even see the contract address or any further information on the Trustwallet app. I consider the name Trustwallet as false advertising in itself. I wonder how many other people have been lulled into a feeling of security before they lost their money in a similar fashion?

Sorry for your loss at goldkingcoiner, during my newbie days i also made similar mistakes of swapping my BTC to a coin i never wanted to swap to and after then and some other difficult experiences i had with trust wallet, i have to stop using trust wallet and start using Electrum wallet and i haven't had any issues. Swapping coins on trust wallet is even expensive because you might want to swap a coin worth 20$ but it can attract a network fee of up to 6$ so what i do now is to send my coin to an exchange and convert it to any other coin i want from there, it is safer and more preferable for me.

Trust Wallet has indeed lost a lot of its loyal users because of one ugly experience and this has resulted in losses for the customer this gives trustWallets a lot of bad name and image in the public.


Making use of contract addresses is one way to give up your control or give the security control of your wallet to another person, not knowing you are doing so, most times when you connect your wallet to another contract server like a swap contracts address you are giving the other guys on the other end full access and control to the wallet, most trust wallet users don't know this.

It seems it's pretty common even when the TrustWallet EVM protection is enabled, I check my trust wallet again and compare them with the icon you previously posted.
Like you said, you can see it first than the original BUSD; you're right, but the weird part is why it's peg with USDT in some chart when I search but according to some people who had similar cases but with different stable coins in the Wormhole bridge, their token is untradable, or if you swap them, the price drops to some percentage or 50%, not 100% pegged with USD.

Why did TrustWallet put this token as trusted, but they didn't know there are many people who fall into this trap?
Bitget Wallet is way better than Trust Wallet. I tried to search for BUSD, and they put untrusted fake BUSD in a separate place from the original one and give you a warning when you are going to use it.

I am sincerely sorry for losing your money. But why and how did you lose your money? The phenomenon of losing money through Trust Wallet is not new, but users constantly lose money due to forgetfulness. If you have entered a phishing link and made a swap, then you have definitely lost money because of your mistake. Or if you swapped through a third party or person, then the third party is the one who lost your money.

In your own case, guess you were not scammed just that you swapped bitcoin to a coin you never intended to swap to. I only tried swapping bitcoin to USDT in Trust wallet when I was new in the industry. I didn't know about different networks and I think they were not many then. Trust wallet is just user friendly but it lacks most of the important things a wallet should do, such as;

• Signatures
• Coin control
• Also the code is not open

I avoid it for complicated things, except to send and receive bitcoin only.

For sometime now, I have stopped using Trust wallet and metamask. Then, I will just create an EVM wallet from metamask and because the app lag, I import my private keys to Trust wallet since the UI is more easy and responsive with interactions but with what happened to OP, there were alot of complaints and none seems to be rectified and I stopped immediately because I think the team got to comfortable with the governance token than the app itself.

This is not a promotional or recommendation of any form, but if you are going to use a good Dex app with EVM, use RABBY wallet and Zerion, I like the RABBY most preferably because of their connection warning. If you have a new website that ask you to connect your wallet, it will give you some info like popularity of the website if it's popular or not, if it's listed in Defi lama or not and if the place is safe to connect your wallet, they have lots of dapps you can use which are all scan before you can interact, metamask is not improving in any form, worse in my opinion.

This only shows that anyone can make mistakes and even the oldies in the game are not left out, it's very annoying that even after carefully planning and strategic methods there's still a risk of losing your funds due to some simple mistakes and scams. Splitting my cryptocurrency into different wallets has always saved me from losing my assets to scammers, sorry for your loss @OP, I'm sure you have learnt a valuable lesson from your experience and thank you for sharing too so that others will learn from your mistake.

Trustwallet also did not show the contract address of the fake token in the details, but rather an error message:

https://talkimg.com/images/2025/04/04/lbbvj.png
 

So name and symbol is all I had to go by. And it both appeared as BUSD. Sloppy UI again. Thanks Trustwallet.   :(

I know crypto to have some identical currencies in which if we are not been careful, we are going to take a wrong coin for the right one and later regret, because there is a way they bear a similar name or symbol to the right coin we are interested in, if we copy a different address to another network all because we don't watch carefully to see the difference they have, then this alone can result to a lose of our coin completely without any alternative, many have been affected by the same way before knowing later.

You have probably swapped your BTC to the wrong BUSD hoping it's the real one. That's obviously a honey pot. I have once bought BNB from binance and send to trust wallet and swapped it to a honey pot coin through pancake swap on trust wallet, but not the direct Swap after the coin pumped so high I couldn't sell it. When I wanted to sell it, it told me low liquidity pool, that I should increase my slippage taulerance which I did but still I never swapped it till date. I don't know if you have use pancake swap to import the particular busd.

If no then follow the steps
1) in the front page of the trust wallet use Dapp option
2) search for pancake swap
3) connect your trust wallet to pancake swap.
4) copy the contract address of that particular BUSD and paste on the search tool to import it.
5) click on max and swap to BNB
6) if the slippage taulerance is 1 increase to 10 or above Before swapping, and make sure that you have up to $4 BNB before you can perform such operation so that the fee can be deducted and swapped to your desire coin.

But if you have done all this ppl procedure and it doesn't work for you then I don't think there is no other way for now.

This is really sad. Sorry OP for your loss. It hurts to loss a fraction to scammers, let alone a huge amount as you've done. I know it's not morally right to hit a man with blame when he's done. I was wondering why you never used the Contract Address of the token you swapped to find it out before swapping rather than search it. This is what I always do. I don't buy whatever token or coin on Trust Wallet or any Dex by just searching it. Nope. I use the CA. If it's a token I know I will constantly swap, I add it after swapping so I don't have to search for CA again when trying to swap it. I think our members should also do this. That way, chances of getting scammed or buying tokens that have migrated is avoided.

This is the umpteenth time I have heard people tell stories about Trust Wallet users who feel disadvantaged. Trust Wallet is indeed very risky for such things, especially if we are careless in making transactions, carelessness can result in losses. I express my condolences to OP, hopefully this loss will be an important lesson to be more careful in the future, this is also a reminder for everyone including me.

I also used to use Trust Wallet but after hearing complaints from users several times I started not using it anymore. In the past when using Trust Wallet I often received scam coins that were almost the same as the original coins, there were several users who became victims when they connected their wallets using contract addresses without realizing that all their assets suddenly disappeared. From the disaster that OP experienced we can learn a lesson, everyone who enters the crypto world has the potential to experience risks, especially in choosing and using wallets, therefore we need to be careful in carrying out activities in crypto.

The way I see it, Trust wallet is not at fault because the fake BUSD is on the blockchain, not the wallet. Even if you swap on Pancakeswap, if you're not careful enough, you would make same mistake. What happened was that OP typed "BUSD" on Trust wallet search bar and the fake coin popped up which he selected it.

This is not true. If OP had entered the contract address of the original BUSD, this mistake would have been averted.

You will most likely being scammed if you are just relying on the Trustwallet token listing since anyone can list their token and used official logo by just paying TWT fees.

I always use coinmarketcap/coingecko to browse the token I’m going to trade and copy manually the smart contract for dedicated blockchain since cmc only list official smart contract to avoid potential error for buying scam token.

Always refer to official smart contract before buying on exchange since scammer can easily manipulate DEX and wallets with their fake token.

That's really crazy, for me it's a real scam. I don't understand how they've been hack or been able to be ticked by some scammers because for some real coins like Waves or ETC for example, they don't even offer any swap feature, while for this fake token they are really allowing it? How it could have happened? For several tokens I even have to make a set up manually because they are not listed on Trust Wallet, while they are not small at all, and while they are listed on Coinmarketcap and detected by Blockscan actually. They should urgently review their listing process and take action to avoid such scams, because people will stop calling it Trust Wallet otherwise.

I just looked in Trustwallet, it's still the case. There is the BUSD - BUSD token (the good one) and the BUSD - Binance USD (the bad one and when you click on Info, there is indeed "An unknown error has occurred).

=> https://revoke.cash may help in the future + delist wrong coins in Truswallet.

 :-[

I literally do not trade large amounts for this reason.

Unless they are in escrow, and the other party can be trusted not to screw around with you during the trade, then DO NOT TRADE LARGE AMOUNTS.

It is simply too risky from your point of view to incur a loss on such a large trade.

Like literally the only places ou should be doing these trades are here, Bisq, anything listed here (https://bitmixlist.org/#exchanges), and reputable centralized exchanges like Kraken or Binance.

Pancakeswap has much better safeguards. The token is not listed by default, so you have to add the contract address manually to trade it. When you try to import it, you are shown multiple warnings and have to click a checkbox to proceed. At the final step, you will be shown a warning about the price impact being too high.

By including low liquidity tokens with duplicate names and ticker symbols in the default UI, Trust Wallet is creating unnecessary confusion that is causing users to lose money.

That's not an advice we hear often, and I think we should warn about it more.

Due to processing times and transaction fees we usually prefer to send all coins at once, and we usually do well, but it's just a matter of time until cases like these happen. And once the coins are lost, they're lost forever.

Being your own bank has its dangers too, and you have to be aware of them and take responsibility for your mistakes.

From the look of things in the Op's explanations and with what I saw from the screenshots, thise scenario balls down to being a mistake done by the op during the process of swapping to BUSD, the Op is supposed to swap to BUSD which is the main coin, but I can see he chosed Binance token instead BUSD kind of confusing though, and couldn't be able to swap back to main chain he wants to. This Binance token could be one of these scam coins designed to trick people into thinking they're swapping their coins into main Binance Chain the (BUSD).

Op I feel your pain and frustration, this is really not a good thing to happen to anyone. $6k is not a small money just to lose like that. This is just like sending money to the wrong address. This your case has reminded me about an incident that happened to me as as a beginner in this space. When I sent a huge amount of money to a wrong address. An address I copied from Trust wallet too. I never saw any risk warning nothing at all. I was really inexperienced and I sent the coin from cex to Trust wallet that was how I lost the funds.Trust wallet lack of customer protection is really worrisome. I left Trust wallet due to many complaints from other users. Thanks for sharing your experience with us.

I wonder then if you got the error message you displayed at least two times, why did you proceed with the swap when you couldn't verify the token you chose? Especially considering the amount of money that was at stake, the less I can understand why you didn't stop. It could've been a glitch of shitty Trust Wallet, it could've been a bug, whatever.

For the desktop there's only a browser extension as far as I can see. Did you try to check there before you proceeded your swap?

Have you abandoned to use Trust Wallet? If not, why not? A wallet that needs "trust" in its name is kinda suspicious in the first place and its it's to my knowledge closed-source, so not trustworthy.

Sorry for your loss, an expensive lesson.

The information button does not work with some tokens. I have never had the problem of confusing two look-alike tokens that have the same name before.

But yes, a mal-functioning system should have been my first red flag about Trustwallet.

No, what I meant was that, you should have swapped your asset to the normal $USDT token under bep20 chain because binance announced last year that they would discontinue the the BUSD token which I think they have already done that because  if you try to search and trade BUSD on the binance centralized exchange and all other centralized exchange, you can not find BUSD again, which means that it's possible that a lot of BUSD you will find on DEX are fake. This is a slight mistake, it's possible that it could have happened to anyone, but sorry you lost that huge amount.

I am one of the users of Trust Wallet. If experienced users like you are being scammed like this, then what will happen to new users like us. Now I feel that some features of Trust Wallet should be improved and changed for security. I am sincerely sorry for your loss but one thing everyone should remember and that is always be conscious. you were damaged but warned everyone on this site, it's really great ! Everyone should warn everyone in the same way so that no one like you loses money and gets into trouble in the future.

After a bunch of back and forth with Trustwallet support, they obviously only give me the copy paste answers that are always the same:

They acknowledge their broken info button and the lacking safety features but they refuse to take responsibility for their defective and unsafe UI/UX .

All I hear from them is: "We don't hold your funds therefore we are not legally liable" even though the issue is not who holds the funds but their broken UI which led to my loss of funds.

Since Trustwallet refuses to implement a safe UI, we need to put some public pressure on them until they do. So now I am searching for other people who lost money on Trustwallet. Please post in this topic if you are one of those people or in support of this action.

Why you have to waste your energy to change them?

If you don't see they are good enough to use, leave them and there are other wallets for you here, even better.
Trust wallet is close source, while you can have other wallets that are open source, not only have better and safer UI.

https://walletscrutiny.com/?platform=allPlatforms&page=0&query-string=trust

What can you expect from them? They already think they don't have liability to the situation happen and they are just giving you a generic answer on what you have been asked to them.

If I where you better to leave that wallet and find other alternative ones. Since that actions shows that they have lack of accountability on these situations happen. So for sure that they provably act the same if there's situation happened.

And you already see how bad they approach on this situation so that's a great statement that they are not good listeners and will not take action on this issue.

It seems they really had terrible reputation if we base it on the reviews they got on trustpilot https://www.trustpilot.com/review/trustwallet.com

That's his reason for creating this topic, so newbies would be careful not to make same mistake, this topic has showed that experience in the crypto space isn't enough and one has to be extremely careful when dealing with stuffs like token swap, P2P and even trading on wallets and exchanges cause the slightest error could make you lose huge funds just like he did.
 I feel so sorry for him too cause $6k is a huge money to lose out of mistake and I believe that lots of people who's come across this post have taken note of that error, cause I personally did immediately I read it, like he said, cross-check multiple times to ensure you're doing the right thing.
 I admire his generosity, despite losing such huge amount of funds he still had time to pass a massage and warn people concerning his mistake so they'll learn from it, well I heard that some people were able to recover their funds in situations as his and I hope he does too.

I always feel somehow using Trust wallet because of this reason.

Pls correct me if I am wrong, you don't add the token yourself right? It was available in Trust wallet list of BNB and BUSD list right? I've seen similar thing with USDTs available in Trust wallet too, and they are fake, atleast not the real one.

My question is why did Trust wallet allow these fake tokens in their list of coins available to switch on and use? They deserved to be dragged because of this, I mean if a legendary member of this forum can fall victim then newbies can fall victim too.

I am sorry for your loss, $6000 is too much to be kept in Trust wallet normally, for me I would have move such amount into a hardware wallet.

I can say that from your avatar that you are indeed an old timer and it's very rare for old timers to commit such mistakes.
May be it was just an oversight from your end but yeah, the loss is real and big.
It's not a small amount and your case is a wake up call to everyone to check their transaction multiple times before initiating it.
Nobody would want to lose such big amounts just because of a mere oversight.

I was about to check this again because from OP's post-mortem screenshots it's not clear to me why he chose the wrong token. Some posts later I see probably the picture a little more clear than I initially thought.

But from this quote (highlights by me):

he didn't see what he showed in his initial post screenshot of search result (I took his screenshot and edited in my interpretation of how it likely looked like):

https://talkimg.com/images/2025/04/27/U2EpX8.png


If Trust wallet allows to still show some fantasy tokens in the internal swap dialog when you search the swap target even when you didn't select or made those tokens active or to be shown, it's a complete fuck-up and terrible UI by Trust wallet. And of course they don't admit the UI issue here, nor an explanation why the "real" BUSD token wasn't shown as top hit anyway. (I can't prove what OP said that the "real" BUSD wasn't shown to him; we have to believe him.)

Take my comments on this with a grain of salt because I'm not familiar with the internal swap feature and UI details of Trust wallet at all. I don't trust Trust wallet, I read too many issues with their software crap.

What irritates me most is that OP got a lame error message while trying to inspect details about the swap target token AND still proceeded with the swap. By no means I want to sound any superior here, anybody can be fooled, me included. Just want to highlight that it's likely better to stop at such red flags and investigate further rather than to deep dive into muddy waters.


I wouldn't put even temporarily such an amount in a mobile phone wallet as I consider mobile phones less secure and controllable, but that's my security paranoia.

Could a hardware wallet prevented this? Not sure as it wasn't a security issue of the mobile phone software hot wallet. With a hardware wallet you're still responsible to inspect all transaction details and know what you're about to sign a transaction for. If you choose the wrong swap target and don't realize this fact, then you could easily sign such a desastrous transaction also with a hardware wallet. The problem lies elsewhere.