The merger event is considered to be the most anticipated event of the crypto market in 2022 and this will be an opportunity for scammers to do their thing.
📢 Here are 5 common scam tips that newbies need to avoid
Fake Pool Staking:ETH is upgraded to PoS, which means a large amount of ETH will be staked.
Surely after the merger, there will be many staking pools with high APY created to hit people's greed.
To be able to participate in staking requires a very large amount of ETH, 32 ETH.
Scammers will take advantage of this to create smaller pools to attract people who want to bet but do not have a minimum amount of ETH.
📌Note:
always fully understand the origin and reputation of pool/dapp staking.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F38KchjS.png&t=665&c=MxS4PvvUtEKvMQ)
Scam Airdrop:Scammers will create fake tokens like ETH2.0, ETHW1… to trick users, if they want to receive the airdrop, then log in to a strange link or transfer an amount of ETH to receive the airdrop.
📌Note:
Do not touch or interact with any strange tokens sent to your wallet.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FgNhUNGc.png&t=665&c=u0lTm3BpRDlM6Q)
Upgrade Scam:For ETH upgrade, users will not need to do anything to switch to the POS network, our job is to hold ETH in a wallet or exchange.
But many people won't know this and they fear losing their ETH if they don't convert to the POS network.
This way, the scammer will give us a strange link, the website will ask for the secret phrase to complete the upgrade to the POS.
This is a fairly common form of scam, when we log into a fake website it always asks us to enter the secret phrase.
📌Note:
Never click on any strange links or websites.
Support Scam:After the merge ends, there are still many people who still do not understand and do not know about the fork.
These audiences are newbies to the market from 2020-2021 who have never experienced Forks or halving events before.
Scammers will take advantage of this to pretend to be fake support through social networks to contact investors.
📌Note:
Don't give the seed phrase to anyone, even reputable parties, if it was Vitalik Buterin we wouldn't give it to him either :P ;D
Replay Attack: Means allowing scammers to repeat your transaction from ETH PoW to PoS.
Source/Read more:
https://www.holdstation.news/top-5-scams-that-will-make-you-lose-money-after-the-merge