A known enemy can easily be defeated

[Bushdark]

I have a younger brother who lives in the US and yesterday he told me about a call he received saying that he can get his lost coins back and all he needs to do is submit his wallet address.

Before saying that I am a fool, I know this is a scam, but I need to ask about what could possibly go wrong if he submit a wallet address? I did told him to submit a random wallet address that is empty with no single transactions in the past though but I can't stop thinking what this could lead to.

If you know their trick you can always be ahead of them and possibly be able to Warn others too, I am just wondering what they could possibly have in mind, I think they will track his transactions to know his worth. Or there is more? What do you think?

Many hackers are now using so many methods to steal from their victims. We need to be wise and ready to safeguard our crypto portfolio. People are making money on a regular basis due to ignorant and not understanding they pattern they that be used to steal their coins. What does a scammer to hacker has to do with someone's wallet address? They would have to go through series if transactions and try to know here the transactions were coming from and where they are going.
It is very important for us to get to know their tricks so we don't later fall for it.

[Zoomic]

I have a younger brother who lives in the US and yesterday he told me about a call he received saying that he can get his lost coins back and all he needs to do is submit his wallet address.

Before saying that I am a fool, I know this is a scam, but I need to ask about what could possibly go wrong if he submit a wallet address? I did told him to submit a random wallet address that is empty with no single transactions in the past though but I can't stop thinking what this could lead to.

If you know their trick you can always be ahead of them and possibly be able to Warn others too, I am just wondering what they could possibly have in mind, I think they will track his transactions to know his worth. Or there is more? What do you think?

How did he lose his coins? If he lost his wallet, all he needed to do was to download the appropriate wallet application and recover his coins using his  seed phrase. But, if the coins were actually stolen by scammers, do not be deceived, such a transaction remains irreversible unless the scammer sends it back (which is rare).

Your brother should beware of friendly strangers who try to establish relationships just to get to their prospective victims. I sense a kind of romance scam coming up. If he's asking for a wallet address now which is not harmful, he might be asking for more like some coins to activate the recovery process, some money or even your seed phrase. Your brother  has already made a mistake once that led to the loss of his coins, he should not make same mistake twice.

[Ishicryptic]

You haven't lost anything, so you're calm. But those who have lost and are not very strong in knowledge about Bitcoin will hope for any miracle, and scammers are waiting for these people. I think that they will demand an advance payment, and in the end, they will confuse the client heads so that the person will give them both the advance payment and their seed phrases.

Those that are looking to recover their assets are often desperate, they most times won't heed to reasoning, and this is the vulnerable spot that scammers capitalize on to scam their victims. It is good that the OP brother confided in him for advice, if he had not, he could have sent them a wallet address that probably contains substantial amount of coins. The lesson for me in the story is not to make hasty decisions when we want to recover something that is lost, so that you don't lose more in the process of trying to recover the lost asset.

[Ndabagi01]

If you know their trick you can always be ahead of them and possibly be able to Warn others too, I am just wondering what they could possibly have in mind, I think they will track his transactions to know his worth. Or there is more? What do you think?

What I think they’ll do is that, they’ll go through the account and check his worth then after that, maybe can send some dust coins into it that will prompt it to click on some phishing links to get access to his account and cater away with all the money in the wallet. You really did well by sending another wallet address that has no money in it, so they can’t do anything to the account when they plan to go on dust account. Asides this, I don’t think there’s any other way to have access to his wallet and steal from it.

What do you think?

Since there is zero chance your brother can get his coins back, I see no point in communicating with the scammers at all. Honestly, I think the best course of action is to completely ignore it.

A nice idea you got here too. You don’t need to engage with them furthermore when you know it’s impossible to get your coins back, so it is better to ignore them so that it doesn’t lead to something else we can’t see it coming since this is a new trick so as not to fall victim of circumstance.

[Velemir Sava]

Since there is zero chance your brother can get his coins back, I see no point in communicating with the scammers at all. Honestly, I think the best course of action is to completely ignore it.

A nice idea you got here too. You don’t need to engage with them furthermore when you know it’s impossible to get your coins back, so it is better to ignore them so that it doesn’t lead to something else we can’t see it coming since this is a new trick so as not to fall victim of circumstance.
[/quote]

If we are Telegram users, we will receive a lot of messages containing invitations to buy coins, whether they are new or we have never heard of at all. once we serve, 10 others will enter with the same pattern with different discussions.

Personally, if I find a model like that, I block it and delete it, just add a notification. Yes. We have to be careful and not be easily taken in by their persuasions.

[Issa56]

Before saying that I am a fool, I know this is a scam, but I need to ask about what could possibly go wrong if he submit a wallet address? I did told him to submit a random wallet address that is empty with no single transactions in the past though but I can't stop thinking what this could lead to.

Is it really necessary? Why waste your time doing all this? You know the person is a scammer, so I see no reason why you should even communicate with him. If I am your brother, I will just ignore the person because I know it’s totally a waste of time, and the person will make me keep on remembering my past. I do say that anyone claiming to help you recover your coin is just trying to scam you, they want to increase your loss, so stay away from them. It’s better you just accept your loss and move on rather than trying to recover the coin.

If you know their trick you can always be ahead of them and possibly be able to Warn others too, I am just wondering what they could possibly have in mind, I think they will track his transactions to know his worth. Or there is more? What do you think?

I don’t know what the scammer will be doing with the wallet address, but I am sure after asking for the wallet address, the scammer will also request the wallet private key, and if your brother can also provide that, then anything remaining in the wallet will be moved.

[Mate2237]

Op your topic and the content is having some differences, there is no coherent in them. You said "A known enemy can easily be defeated* and I thinking that one if your close relatives has done you something that you detect the person very fast but the content is not having the meaning of the topic. And if  someone called your brother to send him his bitcoin address to receive his lost coin and he knew well that has not lost anything then definitely it is a scam call and if he has lost it and the person called him then he has to think about to whom he has discussed such.

Using public address and private address is different so if someone asks you your public address, you don't have to worry much, and as you said you can give the person an address your have not used which is empty. And to see what the person would do and ask again.

[Natalim]

Before saying that I am a fool, I know this is a scam, but I need to ask about what could possibly go wrong if he submit a wallet address? I did told him to submit a random wallet address that is empty with no single transactions in the past though but I can't stop thinking what this could lead to.

Is it really necessary? Why waste your time doing all this? You know the person is a scammer, so I see no reason why you should even communicate with him. If I am your brother, I will just ignore the person because I know it’s totally a waste of time, and the person will make me keep on remembering my past. I do say that anyone claiming to help you recover your coin is just trying to scam you, they want to increase your loss, so stay away from them. It’s better you just accept your loss and move on rather than trying to recover the coin.

If you know their trick you can always be ahead of them and possibly be able to Warn others too, I am just wondering what they could possibly have in mind, I think they will track his transactions to know his worth. Or there is more? What do you think?

I don’t know what the scammer will be doing with the wallet address, but I am sure after asking for the wallet address, the scammer will also request the wallet private key, and if your brother can also provide that, then anything remaining in the wallet will be moved.

If you have hints that you are talking with a scammer, then the best thing to do is to get rid of him instantly. Don’t act as if you can take advantage of him instead by biting his own offer, scammers can sometimes be smarter than us and may left us falling into their traps instead. Besides, lost coins are someone’s ownership already and not yours anymore, so just forget it and move on. And don’t let scammers have in contact with you, you’ll never know what’s running in their heads and they can easily locate you if you fall on their traps.

[Peanutswar]

First of all, how did that unknown caller that your brother had a lost coin, and what are the background of your brother and how he lost his coin? personally, I don't entertain any kind of information that someone might help you to get free money or even give your money back because most of the time its their strategy to get your attention to get manipulated with your emotions and urge to have your money back. If you just give your address to them and track down the transactions that's all they can do but seeing who is the owner is not possible that's the essence of the blockchain to make it more secure.

[SmartCharpa]

You don't have to believe the scammer because it seems that he also wants the victims to fall into his trap. He contacted your cousin to get his missing coin back, that sounds like a trap, you guys don't have to believe him because who knows if he is responsible for the stolen coin, and he wants to check the wallet if he has another coin that he may steal. However, it is impossible to recover the lost coin, maybe this is another method to fall into their trap. We need to be very careful with those who are close to us, you and your brother want to believe a stranger whom he received an unknown call, if your brother continues to contact the person, he should block him immediately for his safety. He didn't have to submit his wallet because the person was a scammer with no means to recover the stolen coin.

[Abu-Naim]

If you know their trick you can always be ahead of them and possibly be able to Warn others too, I am just wondering what they could possibly have in mind, I think they will track his transactions to know his worth. Or there is more? What do you think?

Tracking his transactions is the first step they will do so as to know his worth and probably check the current balance in his wallet; if that is achieved and the feel they can get something from him, they will start playing their games as scammers in which if your brother is well knowledgeable, he can escape from them. They will probably ask of his private key with time by saying they will use the key to access his wallet in order to track and recover his lost coin.
If you never lose any coin before by sending to the wrong address, no need to bother, and if you know that Bitcoin transaction is not reversible, then you are also free from scammers.

[Unity for Humanity]

Suppose we go to war and we are soldiers of the same camp and our knowledge of those against whom we have to fight and their position surely means that we are likely to win that war. If we know their position we can attack them from the safest side and if we know about them we will definitely know about their weakness and we can attack according to their weakness. But if two or three soldiers from the camp we are in are from the enemy's side, then we will lose the battle because those two to three soldiers will tell all our plans to the enemy. So it goes without saying that knowing about the enemy is easy to defeat.

[Gladitorcomeback]

If you have hints that you are talking with a scammer, then the best thing to do is to get rid of him instantly. Don’t act as if you can take advantage of him instead by biting his own offer, scammers can sometimes be smarter than us and may left us falling into their traps instead. Besides, lost coins are someone’s ownership already and not yours anymore, so just forget it and move on. And don’t let scammers have in contact with you, you’ll never know what’s running in their heads and they can easily locate you if you fall on their traps.

Not sometimes, scammers are usually smarter than us, especially if we are newbies in the industry and don't have much experience and knowledge about these things. Scammers know the vulnerabilities of newbie users in any industry and they trap them using those vulnerabilities because it increases the chances of them getting a higher success rate in what they do because newbies often don't understand and comprehend things quickly.

This is one of the reasons why it is important for everyone to stay vigilant and understand that they aren't supposed to entertain anything coming from an unknown source over the internet because almost 99% of these things are scams and they are only here to get your money and run away.

[Roseline492]

I have a younger brother who lives in the US and yesterday he told me about a call he received saying that he can get his lost coins back and all he needs to do is submit his wallet address.

Before saying that I am a fool, I know this is a scam, but I need to ask about what could possibly go wrong if he submit a wallet address? I did told him to submit a random wallet address that is empty with no single transactions in the past though but I can't stop thinking what this could lead to.

If you know their trick you can always be ahead of them and possibly be able to Warn others too, I am just wondering what they could possibly have in mind, I think they will track his transactions to know his worth. Or there is more? What do you think?

Actually without being told is obviously a scammer perhaps that's another way for them to know how much money someone has on there wallet, is actually annoying that some individuals will just be there striving for people they will scam of there money they have laboured so hard to get, the thing is that people should just be very careful with the kind of information they share with anybody or via online because scammers are just there waiting for an opportunity to strike, that's why I always advise people to be very careful especially with anything that has to do with connecting of wallet because many people has falling a victim of that.

However in terms of your question I don't think he will be able to hack your brothers account through his wallet address because even if he gave him his real wallet so long as he did not attach his private keys to it the scammer can only see what your brother has inside but can never have access to it, actually I just feel that the scammer wanted to see if there is money inside before he can start asking for more other details.

[zaim7413]

The core question of this incident is, how did the person behind the phone know that your sister had lost her coins? This trick is commonly used by fraudsters to trick potential victims, sending a wallet address to a fraudster is a wrong action, they can trace all transactions that have been carried out and in the worst case scenario they can take all the assets stored in the wallet.

Ignoring the call or trying to take action as you suggest is a form of prevention from the fraudulent tricks they use. Many people have become victims of fraud in different ways in the crypto world, hopefully your sister is not one of them.

[avp2306]

If you have hints that you are talking with a scammer, then the best thing to do is to get rid of him instantly. Don’t act as if you can take advantage of him instead by biting his own offer, scammers can sometimes be smarter than us and may left us falling into their traps instead. Besides, lost coins are someone’s ownership already and not yours anymore, so just forget it and move on. And don’t let scammers have in contact with you, you’ll never know what’s running in their heads and they can easily locate you if you fall on their traps.

Not sometimes, scammers are usually smarter than us, especially if we are newbies in the industry and don't have much experience and knowledge about these things. Scammers know the vulnerabilities of newbie users in any industry and they trap them using those vulnerabilities because it increases the chances of them getting a higher success rate in what they do because newbies often don't understand and comprehend things quickly.

This is one of the reasons why it is important for everyone to stay vigilant and understand that they aren't supposed to entertain anything coming from an unknown source over the internet because almost 99% of these things are scams and they are only here to get your money and run away.

Those scammers already have lots of experience dealing with any methods they used to deceive newbies and they know how to catch the interest of those people that's why even if we know the methods used is obvious scam there are still lots of newbies fall since they know that their methods is interesting and newbies will pay attention on it.

This is the reason why a newbie should do a lot of research since its very hard for them to determine which is scam and which is not at first that's why they need to be knowledgeable on the attempts or methods use by the scammer so they can easily eliminate the thoughts to entertain it and go away on those potential schemes that can possibly make them lose their money.

Scammers are so smart that's why we need to me more smarter than them and we could do that if we are always paying attention on the discussion about scam and use the experience of other people so that those same events will not happen to them.