Crypto Scams to Avoid Part 1 - Free Airdrop/dApp Scam

I see a lot of scams posted in the Facebook groups and thought i would explain a few of them to try and help people avoid them. I'm going to cover the one most people will get suckered with first, the dApps scam. Usually involving a supposed airdrop of free tokens. This scam is simple yet effective to the unaware. Some scammer/thief/scumbag sets up a webpage offering free tokens. They tell you to just paste the link into dApps. dApps is what makes smart contracts and decentralization possible. It's a tab inside your wallet. I will use Trust wallet for the example. So you paste the link and it brings up their browser page in the dApps tab. You find the link that says Free Airdrop or something like that and you click it. Now the scammers run a script that asks for your permission to allow transactions. DON'T EVER ALLOW THIS! If they were giving away free coins for real, they don't need permission! They just need your wallet address. What they are doing is asking for permission to allow them to steal all your crypto. Once they have this permission, they can start transferring all your coins to their wallets.

It's gotten so bad that Apple has banned the dApps tab in applications in it's App store. Hopefully they add another permission level and include better warnings in the future to help prevent people from getting scammed.

Here is a prime example, this is the dApps tab in Trust wallet. See how you can enter or search a website at the top:

When you paste in a link, let's use this scammer as an example, it brings up the webpage just like you were in the browser. However, now they have potential access to your wallets:

When you click on the "Airdrop" link, you then get prompted like so:

Again, Don't EVER allow this! They are looking for approval to steal your crypto!

If something sounds too good to be true, chances are it is too good to be true. Ask yourself if it's really possible. I mean, if the average person loses money in crypto but this person is telling you he can turn $100 into $1000 in a day do you really think he can? If it was that easy, everybody would be doing it. The reality is for someone to make money, someone else is usually losing money. Ask yourself, if they could turn $100 into $1000 in a day , why would he be posting spam all day looking for people? Ask yourself, did you do any research? Can you verify the company? The People involved? Do they look professional? Are they just getting me to suck other people in? Do they have lots of conditions to get your money? How do I withdraw my money? A few minutes with Google can reveal a lot. Do your research and even then, if it sounds too good to be true, avoid it.

I hope this blog helps to educate people around the world so we can stop these thieves from taking advantage of people and tarnishing the entire crypto communities reputation.

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