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Crypto Scammers Are Now Stealing From Other Crypto Thieves

Crypto scammers have devised a new scheme on YouTube, targeting other thieves by impersonating beginners who share access to their crypto wallets. They trick unsuspecting thieves into transferring funds to a bait wallet that requires approval from multiple people to authorize outgoing transactions. The scammers then siphon off the funds to another wallet controlled by them. This scam has been observed across various platforms, with new accounts using the same seed phrase to lure potential victims. Although the scam primarily targets wannabe thieves, the scammers are still able to make money in the process.

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