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Author Topic: [Warning] Trust wallet tron multi signature scam..  (Read 488 times)
UmerIdrees
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October 09, 2022, 02:27:18 AM
 #21

I am absolutely confused with the explanation.

Quote
Tron Multi-signature has 2 separate ways of working. In the case of the scam, it’s usually accessed by 2 Private Keys. However one of the Private Keys can control the funds in the wallet, and one cannot, although both will be able to access the wallet.
Or the scammer has the two private keys or seed phrases, but give only one to the victim to be scammed while the multisig wallet is 2-of-2 or 2-of-N.


Does trust wallet allow two private keys, one for viewing only and other one has full control of the wallet? Why would trust wallet has such an implementation in the first place  Huh


When someone finds a wallet with big amount of funds and gets the details of that wallet, he will want to take a chance if he is greedy. Those who are like me, when they come across something like this, try to know the details about it to take any kind of step. But it is true that there are many crypto users in the crypto world who are looking for ways to make quick profits. Basically they are the victims of these scams easily.

This scam is not easy to detect, and even if i had not read it, perhaps I could have become a victim of it. The best we can do is to identify and create awareness about these scams that scammers may use to hack money from crypto users. Both newbies and experienced users can fall for these scams.

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October 09, 2022, 03:44:08 PM
 #22

Does trust wallet allow two private keys, one for viewing only and other one has full control of the wallet? Why would trust wallet has such an implementation in the first place  Huh
Only one of the seed phrase can be imported on Trustwallet (I mean the two can only be imported on Trustwallet separately). Another wallet is used for the creation of the two seed phrases, Trustwallet do not support multisig. Only one can be imported on Trustwallet. The scammer will give you the watch-only one which you can not spend from. But the scammer will import his own also into another Trustwallet or use the wallet he used to create the multisig wallet which is actually the one you can use to spend the coin. The problem is not about Trustwallet but about Tron making its multisig wallet to be like that, in a way scammers can use it to scam people. But just little amount of money is used as fee to make transaction on Tron network, but som people can fall victim to even send high amount and all leading to scam.

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December 22, 2022, 08:04:24 AM
 #23

it's just  waste of time for the hacker because scammed user will deposit maximum of 1 trx  coin to be able to withdraw usdt from the trust wallet. most probably once he understand he has been hacked and deposited trx coins has been  sent to another address he will not try the same thing again and again.
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