Common device scams

Device scams typically involve fake hardware wallets, counterfeit exchange devices, or other tools designed to steal users' funds and personal information. Here are some common types of device fraud:
1. Fake hardware wallets:
- Hackers may commit fraud by counterfeiting hardware wallets with well-known brands like Ledger or Trezor. Fraudsters will package these devices to look like real hardware wallets, enticing users to import their private keys into them after purchase so they can steal funds.
- In some cases, scammers even sell hardware wallets outside of exchanges at “discounted” prices, when in fact the devices have been tampered with or embedded with malware.
2. Counterfeit cryptocurrency ATMs:
- The popularity of cryptocurrency ATMs has also brought with it new forms of fraud. Scammers may set up fake ATMs to entice users to deposit cash into them, promising to exchange it for cryptocurrencies, even though these ATMs don't have any function.
3. Fake Exchange App
- Attackers may create fake exchange apps that look similar to real exchanges to trick users into logging in or transferring funds. Once the user enters personal information or a private key, the fraudster can steal that data.
4. Device malware attacks:
- Some fraudsters may attack users' computers or cell phones through malware to steal crypto wallets' private keys, seed phrases, or account login information. In particular, users are easy targets for attacks when they use unsecured devices or connect to unsecured networks.
5. Fishing hardware equipment:
- By sending fake emails or messages, scammers provide links or purchase pages that advertise fake encryption hardware devices. Once users purchase them, these devices do not work properly or are pre-installed with malicious code.
Precautions:
- When purchasing a hardware wallet, be sure to go through official channels or reputable third-party platforms. Avoid acquiring it through channels from unknown sources.
- Be wary of any equipment that offers overly “favorable” prices.
- Check the packaging and security seals of the device to ensure it has not been tampered with.
- When using cryptocurrency exchanges, make sure you use the official app and website as well as turn on two-factor authentication to protect your account.
- Regularly update your device's security software to avoid malware attacks.

Disclaimer:
This article/blog/announcement is for informational purposes only. It is not intended to provide (i) investment advice or investment recommendations; (ii) an offer or solicitation to buy, sell or hold digital assets; (iii) financial, accounting, legal or tax advice. Holdings of digital assets (including Stablecoins and NFTs) involve a high risk and may fluctuate significantly. You should carefully consider whether trading or holding digital assets is appropriate for you in light of your financial situation. Please consult your legal/tax/investment professional regarding your specific situation. You are solely responsible for understanding and complying with applicable local laws and regulations.