Wallet mining scam

[Cookdata]

If you see this ad from Facebook, it seems the one who promotes it is similar to the ads I usually see on Facebook. I mean owned by a similar owner. I see a lot of malware promoted on ads nowadays. Even when I report them, new ads show up with different domains, but still they look legit because they put the official domain from the ads, but once you click it, it will bring you to the phishing site or fake site selling something for a pretty cheap price, like anti-virus to protect crypto, but the fact is it's malware.
I don't know why Facebook allows this; they should manually check any of these ads. They just let scammers victimize more people for free.

Facebook still amuse me that they allow fakes and scams but doesn't want to promote crypto ads because they fear ads. Google is one of the most vulnerable place where scams are displayed because they don't bother to check if what they are promoting is legit or not, as long as they get billed as agreed on the billing ads, they don't have any business with whatever you are pushing to audience. Now, Facebook place is full of ancient people that will believe anything, I don't like that app for once.

Scammers do have ways they play around with people, sometimes I'm not sure if this scams are coordinated but they just pop out of nowhere and all of a sudden other people start to push the same scam, like a bot attack to catch victims that knows nothing about mining.

[Silverstonez]

I have been coming across some wallet mining ads online recently, and when I decided to take a look at one what they really explained over there doesn't make any sense from technical perspective. Because the possibility of what they said happening is very small. because I don't how they intend to randomly find crypto wallet with funds and some how get the private keys and then allow you to move those funds to your own wallet just like that like magic.

For me since what they explained to me doesn't make any technical sense I assume the wallet mining of a thing is a complete scam. So for that I will advice each and everyone of us to stay clear from wallet mining, because the tools they are claiming to have doesn't exist.

[Doan9269]

They will scam us if they already know that we lack in some ideas about wallet and what should be known wasn't in place for any reason, what the scammer used is the absence of us being informed about what we should have known, once they have established on this and were certain we are clueless, then they strike on hard the hard way that we may not resist the lie they are throwing, when its coming as an attack from their end, we may be seeing it as an opportunity from our own end.

[Moreno233]

There's a bulk load of gist about the whole thing and their scam but the point is they capitalise on claiming they have a software capable of randomly getting wallets and their keys and stuff (which really doesn't make any sense) and then all you have to do in the end is just take those funds to your wallet.

How you get scammed is a two way thing since they convince you to pay a decent amount of course for such a software and in the end you only ended up paying them to send you a malware they can in turn use to steal bitcoin and other crypto from you.

Anyone that falls for this scam is simply a thief, as simple as that because the scheme is to steal from wallets of random people so anyone that is not a thief will not pay attention to this type of scheme. To escape this type of scam is supposed to be very easy because if they made the proposal, common sense should tell anyone that if they have someone that can mine the private keys of people, they will not make it public, instead they will retire to their private island and enjoy the wealth they would have collected from people. They know Satoshi's wallets with billions siting on them, they would have mined the private keys and collected those funds.

[nakamura12]

If it's about getting funds from random wallet is surely a scam. If it's about mining then why would the funds from random wallets instead of going to personal wallet for mining. This is clearly a scam and the victim must pay a fee for the software because if it is real then it shouldn't ask for fee or payment and would have other ways to earn money from the customers if they have a mining software (IF IT'S LEGIT). Only greedy people will surely be tempted by such scheme.

[Peanutswar]

Ive seen this kind of advertisement before in different social media videos or reels that they are sharing a software that is looking for a random wallet that has a balance if you are totally newbie for sure you will encourage the same thing and of course there is a software needed here which is one the victim downloaded these applications they can interact the same thing in the video but the end of the background there is a malware running to stole their information and credentials which can even stole their funds.

[adultcrypto]

Its been a long time I saw this being pushed around in different Telegram groups using bot and it did not take me much to know it was a scam. I think it is mostly people with zero or little experience about crypto scam that will not be able to know immediately that this is a scam because in those posts, they require little payment to purchase software that can search for and access random wallets. If there were actually a software that can do that, the developers will definitely not charge small money for it and he would have made so much money that he may not need the subscription fee anymore.

[lovesmayfamilis]

I've also read about similar frauds online. Hacker forums are quite popular with beginners and those who have money but are stupid enough to believe in it. what they are offered on these forums. I saw an ad for the sale of some software that should scan users' computers and pull out everything related to cryptocurrency from them. And yes, such software is supposedly available for you to buy, with full instructions for installing it on your future victim. Buyers are often naive people who think that the process will be quite simple, and they will be able to steal cryptocurrency from others overnight. As a result, they independently open their devices to monitor their actions and become the first victims.

[Jubilee58]

So recently I happened to have seen a lot of "wallet mining " ads from scammers online and it's quite catchy since the Average greedy Joe will compare the fact that he's not risking to anything at all and his win is sure (yeah this will come to their minds because it's often compared with trading where losses are inevitable).

There's a bulk load of gist about the whole thing and their scam but the point is they capitalise on claiming they have a software capable of randomly getting wallets and their keys and stuff (which really doesn't make any sense) and then all you have to do in the end is just take those funds to your wallet.

How you get scammed is a two way thing since they convince you to pay a decent amount of course for such a software and in the end you only ended up paying them to send you a malware they can in turn use to steal bitcoin and other crypto from you.

These scammers are very dangerous as they use various means to steel people's Bitcoin, this information here is a very vital one because it will keep people on guard and know how to avoid them. We should be very careful the way we click on ads, these ads follows you in every page of the internet, some of them are fraudulent ads and any one that is related to bitcoin avoid it and do not click it at all, they look very appealing and if you are tempted to click on them , sometime you might not be able to resist it and if you mistakingly engage in any business on that platform definitely, you will be scammed.

[r_victory]

If mining with equipment specifically designed for it isn't easy and often not profitable for many, imagine mining on a mobile device. Besides the fact that it gives third parties access to your wallet, I don't even waste my time when I see ads of this type, and really, there's a flood of videos teaching how to do it, and they aren't that recent, which shows it's an "old" activity. I recently read a question related to the veracity of this type of mining on Reddit; it was a perfect breeding ground for scammers selling "systems" for as little as $250 and guaranteeing they worked...

[ColdLava40]

How you get scammed is a two way thing since they convince you to pay a decent amount of course for such a software and in the end you only ended up paying them to send you a malware they can in turn use to steal bitcoin and other crypto from you.

I think with the way the rate of scamming is today, someone who spends their time online should be smart enough to differentiate what's real from fake. There's one saying I used to know online which is don't trust but verify..

It's one thing to be smart it's another thing to still get scammed.. if you see such an offer, your common sense of reasoning would be to first do some research or simply avoid it completely..

most of the times I get various mails or messages on my social handles, with individuals claiming to know of ways to make me money for free  sigh.. if they truly knew how to make such money they claim, they simply won't have the time to want to freely educate you on what they do. They would be busy exploiting such systems for their own good.

Don't be fooled, don't be too naive to fall victims. there's nothing good out their that comes easily or cheap, once it's beginning to sound too real and demands quick actions, then it's not real...

[Nadifa2030]

Bro, if you think about it realistically, you’ll realize that there is no such thing as “wallet mining.”

What scammers claim is that their software can randomly find crypto wallets along with their private keys. In reality, this is practically impossible.
The number of possible private keys is so enormous that even all the world’s supercomputers combined would need thousands (or millions) of years to find a single usable wallet.

The most dangerous part is this : Most of these so-called “wallet mining tools” are actually malware.
 
You think you’re going to steal funds from someone else’s wallet, but instead :

• Your own wallet gets compromised
• Your private keys get leaked
• Your saved passwords and funds get stolen

In short, you don’t hack anyone — you get hacked yourself.

Simple rule to remember:
👉 If anyone in crypto says “no risk, guaranteed profit” — it’s 100% a scam.

Please stay alert and help spread awareness. A little caution can save you from a big loss

[taufik123]

I've also read about similar frauds online. Hacker forums are quite popular with beginners and those who have money but are stupid enough to believe in it. what they are offered on these forums. I saw an ad for the sale of some software that should scan users' computers and pull out everything related to cryptocurrency from them. And yes, such software is supposedly available for you to buy, with full instructions for installing it on your future victim. Buyers are often naive people who think that the process will be quite simple, and they will be able to steal cryptocurrency from others overnight. As a result, they independently open their devices to monitor their actions and become the first victims.

Cases like this are familiar to me and continue to develop with various methods used,
especially with increasingly sophisticated AI technology, everything can be done quickly and looks easy.

Intending to become a hacker and want to break into someone's wallet or someone's account but don't have programming skills,
then they choose a shortcut by buying an app from a developer who is also an unknown hacker.

I've done this in the past, but not on crypto, but I want to break into someone's social media and use a hacking app from a forum that is provided free by someone unknown.
I don't get any account but the process is still running.

Until finally I realized that the application was a trap for those who thought of hacking, even though they themselves were the first victims.

[DubemIfedigbo001]

There's a bulk load of gist about the whole thing and their scam but the point is they capitalise on claiming they have a software capable of randomly getting wallets and their keys and stuff (which really doesn't make any sense) and then all you have to do in the end is just take those funds to your wallet.

I have encountered a user of this scam nature on telegram, and he assured me that he has a software that searches the blockchain for lost wallets and retrieves it for the person who buys the subscription. Dude is a clown and I convinced him to give me the software on trial and he gave me an app that runs discrete numbers and after a while it displayed some 24 mistyped words and he told me that upon subscription I would be able to decrypt the wallet and take whatever I found there. I was only having fun while he tried to convince me with all his antics since I knew the software was only a static one that checks for active internet connection to work.
His story was so convincing and could lure a non-tech savvy and crypto enthusiast to subscribing to his scam software.  They have many patterns they employ to scam people