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Author Topic: Newbies should be forewarned.  (Read 359 times)
Lidger (OP)
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May 06, 2024, 04:43:44 AM
Merited by synchronym (5), Ricardo11 (2)
 #1

There are many new members who may not know about these things and who should definitely know about these things. 

Those of us who are new members and participants in various giveaway campaigns including Bounty Campaign, Air Drop Campaign should be careful in advance not to connect their wallets to these AirDrop Campaign websites. Many times such airdrop projects come in the market who conduct the airdrop campaign only to cheat. Those campaigns usually offer users a substantial amount of virtual money by completing simple tasks that require the user to connect their important wallet to their website to withdraw. All these new members did not understand the deception of the fraudsters and connected their wallets to the websites of those fraudsters, but it was seen that the user lost all the money deposited in his wallet in a moment. And until he disconnects the wallet from that website, access to the wallet remains with those fraudsters. 

So before getting greedy and connecting my wallet, I must think about which website I am connecting my wallet to and whether I am risking my money there.

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May 06, 2024, 04:50:15 AM
 #2

Most people are poor, they choose money over security and privacy.

Now the question is, how important are security and privacy if they didn't even have enough money to survive? they know the risk, but they don't have any option.

If you suggest them to get a job, that's not a solution since they must have been tried to find a job in real life, but they didn't get paid enough with the effort and time they spent.

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Zaguru12
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May 06, 2024, 05:01:42 AM
 #3

Those of us who are new members and participants in various giveaway campaigns including Bounty Campaign, Air Drop Campaign should be careful in advance not to connect their wallets to these AirDrop Campaign websites. Many times such airdrop projects come in the market who conduct the airdrop campaign only to cheat. Those campaigns usually offer users a substantial amount of virtual money by completing simple tasks that require the user to connect their important wallet to their website to withdraw. All these new members did not understand the deception of the fraudsters and connected their wallets to the websites of those fraudsters, but it was seen that the user lost all the money deposited in his wallet in a moment. And until he disconnects the wallet from that website, access to the wallet remains with those fraudsters. 

So before getting greedy and connecting my wallet, I must think about which website I am connecting my wallet to and whether I am risking my money there.

Although there are sometimes few cases but Airdrops and bounty like campaigns are mostly useless this days not like in the past. And I don’t agree that they give out substantial amount of money except if you have large engagement like social media followers which might have translate to a large amount of referrals but overall the stress isn’t worth. If you engage in 10 airdrops today you will find 2 that later pays.

For the security of your wallet the first thing is your actual wallet that holds your coins shouldn’t even be on an online device not to talk about connecting your wallet. If then it is a little amount of funds and you decide to put it on an online device then you engage in airdrops that actually ask to connect wallet then you can use a different wallet (burner wallet) for it and shouldn’t leave it connected once your done

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AirtelBuzz
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May 06, 2024, 05:32:43 AM
 #4

There are many new members who may not know about these things and who should definitely know about these things.  

So before getting greedy and connecting my wallet, I must think about which website I am connecting my wallet to and whether I am risking my money there.
Especially newbies do this kind of mistake the most because they don't know about it so they choose this wrong way to earn more money in less time. As a result they lose all the coins in their wallet in a very short time. Many people get tricked by AirDrop by going to the wrong website and connecting their wallet's seed phrase through AirDrop causing them to lose access to that wallet. There are many scammers in the forums these days who are constantly trying to cheat people in different ways, especially nowadays scammers mostly attack through Telegram and offer airdrops.

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May 06, 2024, 06:10:28 AM
 #5

There is only way to avoid this, just create a new meta mask wallet, probably it will take couple of minutes either in PC or even in your smartphone then use it for the airdrop campaigns, and repeat the process for every new campaign, kind of complicated to manage though but if you really worried about your wallet getting drained by the fraudsters then I don't think there is any better alternative apart from not joining in such campaigns.

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OcTradism
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May 06, 2024, 06:21:29 AM
 #6

There is only way to avoid this, just create a new meta mask wallet, probably it will take couple of minutes either in PC or even in your smartphone then use it for the airdrop campaigns, and repeat the process for every new campaign, kind of complicated to manage though but if you really worried about your wallet getting drained by the fraudsters then I don't think there is any better alternative apart from not joining in such campaigns.
Creating a new wallet to use for airdrop is good because it will avoid interactions with scam smart contracts that can steal your cryptocurrency.

If you interact with scam smart contracts with your main wallets, most of your fund in cryptocurrency will be stolen and moved quickly by scammers. They even will use bots to move your funds immediately and you will not have enough time to make any fix on your mistake.

It will be a little inconvenient and taken more time to create wallets, manage them but for safety of your fund, it is vital practice to do.

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May 06, 2024, 07:07:11 AM
 #7


Those of us who are new members and participants in various giveaway campaigns including Bounty Campaign, Air Drop Campaign should be careful in advance not to connect their wallets to these AirDrop Campaign websites. Many times such airdrop projects come in the market who conduct the airdrop campaign only to cheat. Those campaigns usually offer users a substantial amount of virtual money by completing simple tasks that require the user to connect their important wallet to their website to withdraw. All these new members did not understand the deception of the fraudsters and connected their wallets to the websites of those fraudsters, but it was seen that the user lost all the money deposited in his wallet in a moment. And until he disconnects the wallet from that website, access to the wallet remains with those fraudsters. 
Most people who have been here a long time know that bounties and Airdrops are not worthy anymore but when you advise newbies about this they don’t seem to believe and they ignore the advise and want to try it out themselves so i don’t bother much about telling them anymore, i just believe they will come to understand by themselves when they give it a try and besides a lot of posts here have already being made here telling newbies how unreliable bounties and airdrops are.

Some scammers use bounties to scam participants just like the case of wallet connection but these happens to people who lack knowledge and understanding about wallet security. This is likely to happen to newbies who don’t want to learn about cryptocurrency and prioritize earning money. The use of one’s personal wallet where they hold their assets is not advised, to participate in bounties and airdrops it is advisable to create an alternative wallet for for them that way it would reduce the risk of any connection.

R


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May 06, 2024, 07:11:20 AM
 #8

And until he disconnects the wallet from that website, access to the wallet remains with those fraudsters. 
Disconnecting your wallet from the website does not take away their access to the wallet. Anyone who could send out from a wallet holds the private key used to sign the transaction, they can have that backed up as the seedphrase and use it even when you disconnect the wallet from the website.

If a wallet has been compromised and all the funds in it lost, abandon it permanently. Create a new wallet and do not repeat the earlier mistakes.

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May 06, 2024, 07:49:42 AM
 #9

There are many new members who may not know about these things and who should know about these things. 

Those of us who are new members and participants in various giveaway campaigns including Bounty Campaign, and AirDrop Campaign should be careful in advance not to connect our wallets to these AirDrop Campaign websites. Many times such airdrop projects come in the market and conduct the airdrop campaign only to cheat. Those campaigns usually offer users a substantial amount of virtual money by completing simple tasks that require the user to connect their important wallet to their website to withdraw. All these new members did not understand the deception of the fraudsters and connected their wallets to the websites of those fraudsters, but it was seen that the user lost all the money deposited in his wallet in a moment. And until he disconnects the wallet from that website, access to the wallet remains with those fraudsters. 

So before getting greedy and connecting my wallet, I must think about which website I am connecting my wallet to and whether I am risking my money there.

I don't blame them, they must have tried to look for jobs, for example it is very hard to find a job in my country right now, airdrops are paying big but to get to that stage where you will see better money in airdrop won't be easy, all they have to do is to always use a blank crypto wallet.

A blank crypto wallet is always empty, the type you use only for airdrops, there is no way you won't be asked to connect your wallet to a platform as an airdrop fan, it is inevitable, so just consider a crypto wallet for airdrop tasks only.

After choosing a separate wallet for airdrops, make sure you go after airdrops through genuine links, avoid Twitter as your source, even if the source is genuine there is a chance that you will click on the wrong links someday.

Use Zealy or Airdropbob, there are a few others too, Zealy uses points, you just have to work harder to gather enough points, and when the project launches you will be able to claim free tokens using the points you gathered, very straight.

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Awaklara
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May 06, 2024, 08:10:31 AM
 #10

So before getting greedy and connecting my wallet, I must think about which website I am connecting my wallet to and whether I am risking my money there.
Actually, the trick to avoid the old scammer method is very easy. Use a separate wallet to register for bounty or airdrop campaigns which require you to connect your wallet.
so you won't experience problems with your main wallet when the wallet you connected to is indicated to have been hacked.
just keep a few assets there. at least for a fee when a transaction is needed. and when you get payment from the airdrop, immediately move the tokens to another wallet. always remember not to store a lot of assets in a wallet specifically for you to connect to airdrop websites.

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knowngunman
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May 06, 2024, 08:20:55 AM
 #11

So before getting greedy and connecting my wallet, I must think about which website I am connecting my wallet to and whether I am risking my money there.

The question now is how do you know a site is safe to connect wallet? I don't think there's a criteria for identifying a scam airdrop sites anymore because even legit project sites can be compromised by hackers to carryout their mischievous activities. Things like this have been discussed severally but people can not stay away from this habit probably for some penny amount they are promised. For safety, people have been advised to have a wallet set aside for participating in airdrop events, bounty and giveaway with little fund for gas fee. Even if you write from now till eternity, people won't listen or refrain from airdrop and giveaway but the best they can do is to stop using their main wallet for free coins.

Disconnecting your wallet from the website does not take away their access to the wallet. Anyone who could send out from a wallet holds the private key used to sign the transaction, they can have that backed up as the seedphrase and use it even when you disconnect the wallet from the website.

I don't think they have access to your seed phrase when you connect a wallet to their sites but they normally take advantage of the wallet owner by asking them to sign a transaction. By simply granting them that access, they will have power to interact with all your holdings and they can do what they like with it. As you suggested, it's best to abandoned a comprised wallet and opt for new one. It's very easy to create a wallet.

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May 06, 2024, 09:15:19 AM
 #12

There is only way to avoid this, just create a new meta mask wallet, probably it will take couple of minutes either in PC or even in your smartphone then use it for the airdrop campaigns, and repeat the process for every new campaign, kind of complicated to manage though but if you really worried about your wallet getting drained by the fraudsters then I don't think there is any better alternative apart from not joining in such campaigns.
This is the best thing to do, just create a new wallet and connect to the airdrop website, so if they're scammers, they'll be scamming an empty wallet. Many newbies have become victims to this fraudsters, because of their ignorance of proper crypto knowledge on how to protect themselves from scams, they'll connect their main wallets and all their coins will be drained. For experienced people, let's not be lazy to open a new wallet for airdrop purposes, it only takes a few minutes, better to be on the safe side then to be sorry.

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May 06, 2024, 10:17:55 AM
 #13

If there are 100 airdrops all but one is a scam. The user does it at their own risk when they connect their wallet to any websites. I learned about this chrome extension called Wallet Guard.

According to them it
Quote
What can Wallet Guard do for you?
- Stormwatcher: Detects wallet drainers before connecting your wallet
- Human readable transaction insights
- Warnings on malicious transactions and signatures
- Malicious Extension detection
- Security Dashboard: Improve your wallet health by revoking high risk open approvals

* I am not a part of the project. I am just sharing this as I found on chrome extension. DYOR.

Another alternative if you decide to go ahead to connect your wallet to a website, first, use a dummy wallet or use a wallet with like $3 worth of crypto in it. I think it is something most people can afford to lose. So even if you lose it, you only lose $3 and nothing more.

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AmaGold70
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May 06, 2024, 10:32:41 AM
 #14

There are many new members who may not know about these things and who should definitely know about these things. 

Those of us who are new members and participants in various giveaway campaigns including Bounty Campaign, Air Drop Campaign should be careful in advance not to connect their wallets to these AirDrop Campaign websites. Many times such airdrop projects come in the market who conduct the airdrop campaign only to cheat. Those campaigns usually offer users a substantial amount of virtual money by completing simple tasks that require the user to connect their important wallet to their website to withdraw. All these new members did not understand the deception of the fraudsters and connected their wallets to the websites of those fraudsters, but it was seen that the user lost all the money deposited in his wallet in a moment. And until he disconnects the wallet from that website, access to the wallet remains with those fraudsters. 

So before getting greedy and connecting my wallet, I must think about which website I am connecting my wallet to and whether I am risking my money there.
I had a conversation with a close friend of mine regarding similar topic and it was Dawn on me that it is never a wise decision to use your main wallet on a website you are not sure of. Airdrops and bounties owned by fraudsters are most likely to reach out to individuals directly, I know this because I have seen someone that has received messages and emails from these fake websites so we should be careful of unexpected messages and emails from any promising airdrop or bounty as a legitimate website won't waste their time reaching out to anyone.


The question now is how do you know a site is safe to connect wallet? I don't think there's a criteria for identifying a scam airdrop 
Nothing good comes easy, one way to identify a scam airdrop that I can tell is to look out for easy tasks And promises of high income/profit.
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May 06, 2024, 10:54:32 AM
 #15

It's been adviced over and over again that people should avoid connecting their wallet to service or sites or dapps they are not sure of, or havent verified that it is legit.
But then on the other hand, if one happens to find himself or herself in situation where he or she must connect his or her wallet to a service, site or dapp to claim some airdrop tokens or nfts or whatever, or risk losing out on such opportunity, then the user should create a new wallet, and then deposit to the wallet the native coin of the chain that the wallet was created on, and make sure the amount of the native coin deposited does not exceed the amount required for maybe 2 of 3 transaction confirmations.
Then such person can go ahead and connect that newly created wallet to the service, site or dapp and then claim whatever he or she wants to claim.

With the above strategy, even if the site, service or dapp turns out to be scam, or operated by scammers, the user doesn't lose much other than the native coins that was deposited to serve as gas for 2 or 3 transactions, this is if it happens that the scammer was even successful in move the funds out, since it still can potentially fail due to gas issues based on the smart contract used by the scammer.

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aylabadia05
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May 06, 2024, 11:38:03 AM
 #16

Those of us who are new members and participants in various giveaway campaigns including Bounty Campaign, Air Drop Campaign should be careful in advance not to connect their wallets to these AirDrop Campaign websites. Many times such airdrop projects come in the market who conduct the airdrop campaign only to cheat. Those campaigns usually offer users a substantial amount of virtual money by completing simple tasks that require the user to connect their important wallet to their website to withdraw. All these new members did not understand the deception of the fraudsters and connected their wallets to the websites of those fraudsters, but it was seen that the user lost all the money deposited in his wallet in a moment. And until he disconnects the wallet from that website, access to the wallet remains with those fraudsters. 
By submitting a new address from a wallet that has no assets in it is a way to avoid scammers.
Open metamask and create a new address. This address is sent as an address to receive prizes from projects such as airdrops. So when they want their users to connect to their website, they can't find the address that contains the assets we store because it's a new address.
You also have to remember, don't use that address again. Just use it once.

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May 06, 2024, 12:55:48 PM
 #17

And until he disconnects the wallet from that website, access to the wallet remains with those fraudsters. 

So before getting greedy and connecting my wallet, I must think about which website I am connecting my wallet to and whether I am risking my money there.
You recommended one right thing, don't use main wallets to connect to any website for airdrop. It is risky to claim valueless airdrop and lose your valuable fund.

Even with your airdrop wallets, you still have fund there and you need to revoke smart contract access if it is no longer necessary for you.

How to revoke token approval
That article recommends to sites for revoke.
https://etherscan.io/tokenapprovalchecker
https://revoke.cash/
https://app.unrekt.net/

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Gladitorcomeback
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May 06, 2024, 01:24:06 PM
 #18

This is the best thing to do, just create a new wallet and connect to the airdrop website, so if they're scammers, they'll be scamming an empty wallet. Many newbies have become victims to this fraudsters, because of their ignorance of proper crypto knowledge on how to protect themselves from scams, they'll connect their main wallets and all their coins will be drained. For experienced people, let's not be lazy to open a new wallet for airdrop purposes, it only takes a few minutes, better to be on the safe side then to be sorry.

The problem is that newbies don't know that there is a chance of getting scammed if they get involved with such airdrops being promoted by scammers, they believe these are real and legit airdrops and that they are going to get something out of them. This is the reason why most newbies get scammed by these things.

An experienced person will have enough knowledge to understand that they are not supposed to believe everything they read or see over the internet no matter how true or legit it may sound because scammers are pretty smart and they always find new ways to scam people and they do their work in a way that it makes it difficult for the victims to realize they are getting scammed.

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May 06, 2024, 02:26:11 PM
 #19

Before joining any campaign or airdrops, you should make sure that the site is verified or not a phishing site and then join.  Such untoward incidents are common these days and many people's wallets being compromised is not a new thing.  It should be remembered that the security of the wallet is entirely their own responsibility and it is not possible to blame anyone else if it is compromised from an anonymous phishing site.  Therefore, before working, it must be carefully scrutinized.

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May 06, 2024, 02:34:40 PM
 #20

Most newbies are still very tempted by the large prizes offered by scammers rather than maintaining the security of their privacy. Airdrop is one of the most frequently used methods because it is very easy to carry out and has succeeded in attracting the interest of people who want to get rich quickly, most of whom often become victims because they still lack knowledge. Beginners who have just joined here must search for information more often and increase their knowledge so that they are not easily influenced by the lure of the big rewards on offer.

Fraudsters often use Airdrop and Bounty for fraudulent activities because there are still many people who have not equipped themselves with sufficient knowledge. Beginners must be more careful in doing anything related to personal wallets because there are no big rewards given instantly by easy methods such as sending a number of coins with a nominal value determined by fraudsters only to get a larger amount as promised.

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