Beware of Mnemonic Phrase Sharing Scams
Last updated
Last updated
Recently, many people in the community have reported that their TRON wallets encountered errors when transferring money. After comparison, we found that they have some common reasons. After in-depth understanding, they obtained the public private key or mnemonic phrase from the Internet. After the user imported the TRON wallet, they could see more or less assets they held. After transferring TRX, they would encounter errors when transferring money. No matter what kind of token was transferred, an error would be reported. The following will explain the nature of this scam, which we call phishing wallets.
Case analysis:
1. Use the public private key or mnemonic phrase to import into the wallet. If the Gas (mining fee) is enough, choose a transfer such as USDT, fill in the payment address, set the amount, and a bunch of prompts will appear after entering the password to transfer. Code error message.
2、Click on the payment address, record this address will be used later, open the tron memory block chain browser: https://tronscan.io/#Fill in the payment address for inquiry
In [Account Permissions], you can see that both owner and active permissions are for the same address, but this address is different from the wallet's payment address. This clearly explains why all imported assets cannot be transferred.
Here is a brief explanation. The TRON public chain integrates some features of Ethereum and EOS, so its permission settings are basically the same as EOS, divided into owner, active, weight, threshold, etc. For specific function descriptions and operations, please refer to the official multi-signature description document:
Here I would like to remind everyone again that there is no free lunch in the world. This scam of defrauding Gas (mining fee) is a relatively early scam. Users will lose some transaction fees at most, but if they encounter [malicious authorization] or [contract call theft of coins], the loss will be relatively large.