Topic: Learn from other person's mistakes (Read 571 times)

And the cryptocurrency industry is full of such fools, lol. 
You will barely find people learning from the mistakes of others when they get into trading and other cryptocurrency activities. They only learn when they face the negative consequences of their actions. 

This applies mostly to newbies who don't focus on learning and knowledge and are always looking for shortcuts to success.  They lack research abilities or maybe don't know that there is a thing called research. 

What if that person don't see anyone making those mistake? Its not possible to know about a the mistake from others. Most of the time people made mistake of their own and learn from it. If you saw someone made a mistake and don't learn anything from it or don't even try then you are fool or lazy. Mistake is a stairs that can help someone to claim the tower of success.

there's no safe on the internet today, so one of the best ways is to make yourself knowledgeable about the possible attacks or make an additional layer of your security through your device, or even the ISP you are using most of them now are configurable, make the participation of your wallet, if you can afford have an investment I guess you can afford to for your security. If you are active in different earnings like NFT, staking and etc. ideally you must create a burner wallet so you don't need to worry because it's just a spare wallet, and create a different wallet for your trading and long-term holding of assets. There is no safe now in the internet one mistake you will possibly lose information or even money.

To be honest, I've no sympathy for the man in your story. He had that enough ETH but couldn't take out time to study various ways to safeguard his wallet. The joke is on him. I talked about burner wallets in one of my posts today and why it's necessary to create one. How do you link airdrop activities to your main wallet? That's really dumb. Even when the victim observed certain abnormalities while signing the transaction, he still went ahead to authorize it. He asked to be scammed. That's what it looks like. Anyway, I hope he learnt a big lesson from that to equip himself for further scam attempts to come. Everyone should take heed lest they also fall into the same trap. Activities of scammers do increase greatly during bull run and that's what we've begun to see now.

As the famous saying goes “Only a fool learns from his own mistakes. The wise man learns from the mistakes of others.” ― Otto von Bismarck.  You do not need to experience all things in life just to learn about them.  Most of the time you can hear the stories of other people (yes not only mistakes but also misadventures, anecdotes, successes) and learn from them.  This is also why people always seek a mentor.  By having a mentor in life (in this case about crytpo), then you can say that you are ahead because you can access the knowledge of someone more knowledgeable than you which will help you to prevent risky endeavours but will only go to calculated risks investments.

The more people become aware of how easy it is to lose your funds and holdings in crypto then the more alert and security conscious they would be, most person's just rushed into crypto bought a token or coin and kept on their wallets, they don't even know what their private keys are or even the basic of what they are doing, and most of them are this that came in because of the money aspect than the empowerment crypto currency has brought to us.

Learning about security must be the first thing newbies must do if they want to really stay safe in this crypto verse.

Wallet security practices and financial privacy protection are important when you are involved in the crypto industry. You should never take the little things for granted when you have a lot of assets, such mistakes will result in losses you don't want to see. Regret usually comes too late and it is no longer useful to regret other than just improving.

But I like this mindset; You don't have to make mistakes to learn - learn from other people's mistakes. But not everyone can avoid mistakes even if they are absolutely sure they have done everything right. There is always a risk of being detected or not - someone will even be considered guilty if they simply keep all their assets in one wallet.

Always mistakes lead to losses. Beyond any doubt,in ccryptocurrency,mistakes always bring llosses. Because the foundation of cryptocurrency is based on finances, i.e. money, if you make a mistake, you will suffer a loss, so everyone here will give you advice to be careful because they know the losers who can make a mistake. 
 
I personally say every time that from the beginner to the expert, every person should leave everything and put more emphasis on what stance I have in terms of privacy, whether I am safe, that is, whether my investment is safe. or not like I said to keep the fund or on which exchange to trade or which exchange or which wallet is best and most secure. But you should think about going further. Because if your security stances are based on weak and inappropriate measures, then you can get nothing but lose. This is the step from which other steps start towards the crypto industry. If this step remains strong, it can be easy in the rest, and if this step remains weak, there can be 100% fear of loss from the beginning to the end, that is, fund loss.

The day we quit learning the day everything ends, learning keeps  one going that we can not do without it. And one of the good way of learning that should not be taking for granted is learning from other peoples mistakes and not from your own personal mistakes.  Learning will help and prevent people from so many mistakes that can lead to damages and loses.  Learning makes cryptocurrency interesting because cryptocurrency has to do with new ideas which if we don't learn or from people's mistakes and thier ideas it can cause another mistakes for us.

Everyday people make different mistakes and it is important for us to take note of the mistakes people makes because mistakes in cryptocurrency are always terrible that always leads to lose of money. It is important learning should be applied in the everyday of life to make cryptocurrency a very interesting one.

We should learn from failure. To us, failure seems to be a negative and bad thing but actually through this failure we find the real secret of our life. I think no one's life is complete without failure. I know that success is built through failure. There are failures behind the success of the successful personalities of different countries of the world. There are many people who find success in their lives only after the big things in their lives.

We should understand how we learn from failure. Many times we make mistakes and then regret that we could have done things differently. This is the regret or failure that we will later learn from and not make the same mistake again. We may have heard the story of failure of Robert the Bruce who managed to win the battle at the last minute despite repeated failures in the battle. So we should learn from people who have failed repeatedly in their lives and succeeded in establishing themselves.

There experiences is good tool for us to learn something especially if we want to know that what are the things we need to consider to avoid so that we will not lose and experience bad things since its really bad for us to lose especially on unknown situations.

Good that we have different kinds of platform which we can search any information and statements regarding on their experiences thru what we are trying to learn from them. Its better for us to know what's secured and what is not so we can make our funds safe at any means that can cause us harms. I know sometimes its hard for us to understand things but consistent reading of information place for sure we became more great especially for taking critical decisions for safe keeping our funds also with investments we made.

I agree learning all the time is important for growing and getting better. We need to stay focused and keep learning to know more and get better at things. Learning from others mistakes can help us not make the same mistakes and save time. Learning is always a good thing because it makes our lives better and gives us new chances. We should keep learning throughout our lives and always try to get better.

In learning, we should not relent, we should not be weary for it, we should be more focused and be consistent in it, we need to go on with the learning on daily basis, we cant afford to be retarded in knowledge, we have to give it all the necessary efforts needed to see a continues learning is sustained in us, we should not mind the cost because it always pays to learn from other peoples mistakes than when we are learning from ours.

Hi, can u please help me. I dont understand trading, i am JUST trying to help my dad who tried to trade. We dont know if Its scam.
Well He was trading with appparently booker on some page. Since He earned some money they tried to withedraw And my dad got email from AML that they want to check if it really HIM And He needs to send 50% to that account. To they accepted And Now He has got his money in MetaMask wallet in USDT.  Is it correct way to play 9 % has to withedraw money from MetaMask?
I am going to quote from email what AML sent him to complete to withedraw his money. Does AML send emails like this?

...All Czech and foreign nationals will have to: comply with all financial reporting requirements, use only bank accounts and cryptocurrencies with real and official names, perform user identity verification (KYC), certify information security management systems, confirm their turnover and confirm that the amount is yours, for which purpose top up their cold wallet with 49% of the amount. From 28 March 2022, each transaction will be verified by the AML and then completed.

 

To complete the transaction associated with the approval, the customer is asked to:

1. First transfer 49% USD from your personal bank to your Kucoin account.

2. Then buy USDT for the full amount.

3. Please send the USDT to your Exodus.

4. Then send the USDT from your Exodus to your Kucoin account.

5. Withdraw the full amount of USDT to your bank account.

 

After transaction, your amount will be transferred to your account within one business day.

Please van someone help me. I know my dad Is silly 🙈😭 He invested big amount of money...

We don't always learn from the success of others but we learn a lot from the failures of others. It is not that we only learn from the failures of others or the mistakes of others, but we learn more from our own failures than we do from the failures of others. 

To achieve success in life you must fail, once you succeed when you fail you will realize where you were wrong and where you should have corrected your mistakes. When you realize your mistakes and re-direct your activities for success, you will see that what happened to you is permanent and that success will last for you. Sometimes people around us do things that bring bad things to them and at that time we should learn from them so that we don't do the same mistakes in future. Just as the success of others teaches us, the failure of others teaches us a lot and we must try to take those lessons.

You can learn from someone mistakes either by reading the person past direction he or she took that made such person to loose everything like the way they use to tell the crypto users to always write their seeds phrase down on a safe place because people have experienced negative things from such situations that made them to lose all their money for other users to learn from their mistakes.

There is a way you will make your wallet to be secure, nobody can hack your wallet because, all the details about that wallet are in your hands but the day you exposed the details to other people, you will start experiencing some negative things from your wallet.

A problem someone in this forum indulging self into or involved in self into is not supposed to be affected to any other person that have known the rudiment of forum so he is not supposed to allow mistake of someone to affect you that is totally wrong because the mistake has already happened and they are supposed to learn from that mistake someone explained and also someone not it down so such a mistake supposed to be avoided and such mistake is not supposed to meet up our offspring in the community here

This is almost impossible to accomplish, since in order to receive a retrospective airdrop, you will need not only to make transactions on the blockchain, but also to place your funds on lending platforms. So having an empty wallet, you will definitely not eligible the rules when distributing airdrop.

Many newbies would rather ignore warning signs and learn from  their own mistakes instead of learning from other people's mistakes. Most times, their actions are not deliberate. They ignore warning signs when they do not pay attention to other people's experiences, they don't bother reading security tips because they keep assuring themselves that they are capable of protecting themselves from scammers. Scammers are not relenting in any way. Everyday they keep devising new means of defrauding people. We too should not relent in being vigilant and keeping watch over our investments. Pay attention too to every details so we will not be victims of ignorance.

To be honest that's a lot of money for one to lose on a festive period, I wonder how the scam victim felt when he realized that he's been scammed, ignorance have really put people in a he'll lot of trouble and I believe that person have learnt from his experience and would never make such mistake again. Atleast he'll be very careful henceforth and would try to do a proper research next time before going into any project. We're humans quite alright but we should be able to learn from our mistakes so as not to repeat same thing in future.
 However sometimes people are aware of the risk they're about to take but then decide to depend on luck, we'll this should be an example to those that claim to be risk takers (not only newbies) but everyone here to be careful of certain risks and also make proper research about a project before venturing into it, there's a saying that "once beaten twice shy".

Only humans make mistakes. Everyone doesn't want to make a mistake and suddenly make a mistake. People who learn from mistakes and make themselves more experienced make fewer mistakes. A man cannot become experienced in anything from the initial state, in some or the other he must make mistakes and we have to learn from those mistakes and vow not to make mistakes in the future. Even if we are wrong in many cases we can gain new experience from there to correct ourselves.

It shows that one is ready improve when he's learning from from other people's mistakes because he will also not want to be a victim of such a revolting issue.
Moreover, as a beginner on crypto currency investments or business you must be a person that's aways keep vigilant on scam or links that's flying. Sorry to hear this.

Its good for the fact that we can minimize the possible risk that we encounter especially for losing a lot of money since we already learn a valuable lesson from other people and avoid those mistakes that they have done. Its truly great that we have forum to discuss all things especially the experience of other people thru anything they are trying to go from either on investment or any related to financial situations.

Although there are other people doesn't learn from other experience and ignore but if they experience the same worse situation then lose a lot of money for sure they would talk about how fool they are for not listening some people advice and if they just manage to listen on anything related to that risk for sure they can avoid losing those money that they can afford to lose in their pockets.

in my opinion, that was a valid criticism or blame (whatever you called that) towards the Wallet which was Exodus for him. but that is the same in every wallet, I don't know if it is possible or not, but if the noncustodial and web3 wallets could really give us a warning about the transactions we are signing, that could save a lot of people from getting scammed like this.
And that is not just a newbie problem. I've seen/heard of pro-crypto people getting scammed because scammers are becoming very smart day by day and sometimes they hack official platforms' social media platforms or email addresses so sometimes it is really not easy to tell if that is a scam or not.

The best thing we can do is to use a separate wallet for Airdrop activities and always transfer anything you earn to a safe wallet.

Learning from others' mistakes is very good. But learning how to eliminate mistakes is also very good. Everyone must be thinking, I must not make mistakes like that person. But sometimes the mistake is beyond our prediction. So mistakes can still happen to us, even though we have worked hard to minimize mistakes. But I believe the more people know or learn, the more they will be careful and always plan systematically. But when there are people who have experienced their own mistakes, then they will remember a lot more and try not to repeat.

If someone's mistake is seen and something is learned from that mistake then that kind of mistake will not be repeated in the future. Assuming that a user used the wrong address to send bitcoins, the mistake will not be repeated. People will always learn something positive from these mistakes and will not repeat this learning in themselves for a long time. And if someone accidentally deletes his bitcoin wallet without saving the security system of the wallet, he can't recover his bitcoins, but people will learn something positive from such a mistake that won't happen again.

Advising people to only keep a large amount of funds in a cold storage is a waste of time, you will see someone who will claim that they store thousand of dollars worth of asset in a mobile wallet and nothing bad happen for many years.

Some even claimed that the difference between a hardware wallet and a mobile wallet isn't much as you only need to keep your recovery seed safe, let everyone do what they like with their properties and assets, I have learn to stop telling people what to do, what could actually go wrong if they don't listen?

People only learn after they make mistakes, let's allow mistake to be the teacher for everyone, it seems like this is what they need.

I think this should be about the fastest way to learn. Most learning processes are actually documented mistakes and experiences of others. Scientific evolution also follow similar pattern, that is why there is always improvements and optimizations of scientific systems and processes. Mistake is surely how knowledge is transferred and being wise require we are able to draw the lesson in the mistake of others.

It makes no sense and a stupid decision be made if we invest a huge amount in something like Bitcoin which we don't have knowledge about this.
Because I couldn't imagine someone can afford to lose their money. So, therefore, we don't just know how to buy but also, we must know how to secure our funds as well.

We don't need to wait for other people to speak and tell us that we are wrong or make those people an example but rather be prepared and aware of scam issues. We can avoid this situation if we think more times before deciding to trust people. Scams are everywhere, and it is possible we become their target but they will fail if we are too keen to check the legitimacy of the site and project.

For me someone's mistake is Their own mistakes and the can learn it but if They are going to share that mistakes in forum like this then as a reader it is serve as a guidance that I will not do it like that cause if I do then one thing for sure I will regret it . But if I have a mistake on my own then  I will learn a lot and that is my perspective. Anyways we have different thoughts in life so some of us they learned many things in life through others which is good cause we all know that if could someone teach us then we will have knowledge on that thing.

People have to learn something new through mistakes, especially if someone makes a mistake in the Bitcoin forum, then learn something new by learning from the criticism of that mistake. If for some reason the private matters of the wallet are forgotten or hacked, it is necessary to learn the remedies or prevention measures. Also learn how to never get a wallet hacked and make yourself aware of the possible reasons for getting hacked. Always be aware of updated news and properly informed about how to save wallet. Avoid downloading anything or connecting wallets from bogus links.

Though learning is very important but I would have to disagree that learning is the best teacher. In my opinion experience teaches more than learning on your own because learning from experience leaves a scar that will always be remembered and when such situations want to occur again it will be easier to prevent it because you have experienced it before but the same cannot be said when you learn from other people’s mistakes, you may also do same mistake probably as a result of forgetfulness because it didn’t happen to you yourself. Having both is the best way to teach ourselves.

I am surprised as to how a person who holds such an amount of crypto will still want to participate in airdrops and not be aware of the dangers of clicking phishing links. Airdrops are mostly scam nowadays and the percentage of seeing a legit airdrop is almost zero and every crypto enthusiasts should be aware this. To participate in airdrops we are not even expected to participate using the wallet we store our assets, we should have a separate wallet for airdrops to prevent scam attacks.

When someone learned from a mistake and he/she shared his/her mistake like in the forum for example then those who will read it then they will learn something that they should avoided but it's not always like that where you learned from someone's mistake because you may/might make a mistake yourself and learned from it or maybe not at all. There's a reason why we must make ourselves secured like increasing your wallet's security, high/good privacy by avoiding exchanges that requires KYC, etc.

You are right learning from other mistakes is best for beginners to excel in every field of life. I read your story and It's a very sad experience Lossing this big amount is not a cup of tea. May god bless you with more power and you have to recover your loss every new user has had a good experience from this incident and saving the main wallet from the phishing link is good advice for newbies.

There is no denying the fact that airdrop token has been a thing since the start of the year, it is more less like that whenever a bull run is around the corner. What I think the post you quoted was actually talking about is the fact that this airdrops do not pay like the ones in the past. If you engage in 10 you will it is not likely to earn from 3 of them. And this days airdrops mostly requires you to engage with DApps and that exposes wallet except for experienced investors that will use burner wallets for it. Also most of these wallets them selves aren’t even free you need somewhat like gas fee

All the retrospective airdrops you mentioned provided enough time to claim it. And everyone could read enough reviews to make a decision for themselves to interact with the site for claim airdrop. In the case described by the OP, we see that the victim did not conduct his own research and hurried to give approval on an unknown site for his wallet. So in this case, the main reason why the money was lost is greed.

Only one rule can save a lot of users: don't be greedy. Due to greed, a lot of users lost their funds. Hackers usually can't hack unless you help them directly or indirectly. I know we have been making these types of mistakes unconsciously. But greed is responsible for these types of stories. You are authorising random sites to access your wallet just for a few pennies. Almost 99% of airdrops are just scams. Nothing is except a waste of your valuable time, and sometimes you are losing funds this way. So you must control your greed first. And your task wallet should always be separate from your main portfolio wallet. If your wallet is empty, you can connect anywhere. Just make sure you create a new wallet for each task; it doesn't cost you anything.

Sorry for the lost, whoever that has not been scammed will not understand the pain in it. Your thread is really helpful in terms of security. Atleast no viewer of this thread can fall victim in this same manner. When entering and learning about crypto I think the first thing to learn is the security first before any other thing because if you learn trading before security your assets could be stolen and your hard earned fund will be lost.

You weren't able to make a single buck lately through airdrop does not mean these things do not work anymore. But, you have to find legit ones. Recently I got some FAR tokens from their airdrop by completing some tasks. Some YouTube channels out there provide links to quality projects which has a better chance to airdrop to their users. BRC-20 Tokens started another era of crypto airdrops. There are some cross-chain dexes and defi projects that launch every day. Just you have to spend your time and money to make more money. Unfortunately, I do not have that patience.

In cryptocurrency transactions and the other things that is applicable to its feature you have to be technical and also be observant in learning and understanding the true concept of cryptocurrency especially Bitcoin , mostly more we found ourselves here we need to be observant to learn from others especially from people's mistakes that is more important thing whosoever that want to learn the techniques of Bitcoin should learn and understand the true concept of it so therefore Bitcoin need attention and you don't need to make a mistake someone made already through a cryptocurrency

People lack many of the investment and security tips that could have prevented them from getting scammed or hacked, we must begin with learning and if we seek first the information required, we are going to make use of the best practices of our investment.

It's high time they know that not your keys is not your coins, if we don't give anyone access to attack us, there's not how they could get an entry to attack us, we should also take serious with our privacy.

Haha, some of the members below said if you have 5-digit capital in the wallet and you are not aware of the security precautions and stupidity, and on, I would like to quote 3 digits are also not a small number you should need to adopt the proper safety habits.

Anyway OP thanks a lot for a detailed topic on a serious issue but as your tile suggests learn from other's mistakes haha for the majority this is impractical because we never learn from other mistakes until we go through our blunders haha. Becasue we prefer self experiencing mode.

In my opinion learning from other people's mistakes is still learning from experience, it's just not our own experience.


I think this one is the most common mistakes made by people, especially the one who are just starting to know crypto and they want to start by earning free crypto with airdrop. They will store a huge amount of ETH in the same wallet they use to claim airdrop, for the reason of saving money for fee, rather than they send ETH every time they want to send their airdrop earned coin to exchange they just send huge amount at once to avoid paying fees multiple time. But instead of saving some money they are risking their ETH for hacker by joining random multiple airdrop.

Of course, you don't have to make mistakes to learn. So learning from other people's mistakes should be enough so that you don't make the same mistakes.


There are always risks and dangers lurking for crypto users regardless of how much you have. Scammers, hackers and bad people want your money and of course you must always be alert to anything that endangers the security of your wallet and so on.

The 3 points above are very useful, they are advice that should alert everyone to potential risks that should be avoided. Storing assets in online wallets is not safe, although each user's risk tolerance varies, it is clearly not recommended. Hardware wallets are a smart choice if they have thousands of dollars in crypto assets, but some users ignore them.

Your last point is very correct, separating wallets to participate in airdrops is a wise choice. The point is always to use a new wallet instead of one wallet for all.

Maybe you don't follow the development of airdrops now because in reality many people have made thousands of dollars from aridrops now, for example, DYM, JUP, Mavia, Zeta and many more are certainly now more airdrop hunters because they have made thousands of dollars.

Yes it's their own fault for accessing phishing sites or maybe they didn't research properly, I also believe there are still many fraudsters on social media who spread phishing sites, the only way is you have to be able to protect it.

It's always not far from here, like if you must do an airdrop, what stops you from having a separate wallet that you can use to claim all these cheap airdrops, which aren't even worth anything?
 
I always advise people that if you must do an airdrop, you should at least have a sperate wallet that you can use to connect to the Web3 dapp, where they will request access to the wallet, and if there is any harm that comes to the wallet, it will be an empty one and nothing far from that.
 
But greed and ignorance always make people rush as if they are going to lose it all if they don't use their major wallet to claim an airdrop.
 
It's appearing these days that the majority of people who hold large amounts of coins, especially altcoins, don't take security very seriously. They always fall victim to such scams, as they are also mostly the largest target of these scammers.

The above mentioned all three lesson are primary lessons which are for everyone especially for those who are new to crypto. Most of the wallet drained happened due to same mistake where one phishing site ask to connect wallet for claiming airdrop and then got access to drain wallet.

I wish to add one more lesson that I learned that we should never save our private key/phrase cloudly (online) ,nor took screenshots. We have yo save only in hard copy because the chances of getting access is 90% if we store online.

You couldn't be more wrong about airdrops. Some of my close friends made four digit number via airdrops in the last few years so these things are still alive and kicking but they work differently compared to how old airdrops used to work where you just have to give your address and wait for tokens. Now you actually have to be active and do some social media tasks or even better do some trading in order to qualify but from what I've seen its not a waste of time if you put some effort into it.

Having said that, I can't force myself doing that.

Greed, ignorance, laziness, friend influence, and too trusting are the most common reasons why people fall for scams.  One way or another many people have that attribute, especially greed and laziness to dig deep research on the projects or investments they want to put their money into.



I think it if one has little knowledge about cryptocurrency, they don't have to stay away from it but rather dig deep and learn more about cryptocurrency and its current events before investing.  This way the person will be equipped with the basic knowledge needed to avoid possible scams and fraud company.  Besides if all people who have little knowledge about cryptocurrency stay away then the cryptocurrency industry will not grow and develop.  Every person is a novice at some point of their careers.

The era of making money from airdrops dead for years but still people believe that we are oing to make money from an airdrop that we just found random from people or advertisement.

People are working their life to make money but when it comes to safe guarding them, they just act lethargic and I am just saying this because it's most common in everyone's life. Internet always filled with scammers irrespective of time period so just don't waste your time by looking for free money and this is another story to keep the funds in cold storage.

If someone is an Airdrop hunter, I do not see any reason why he would have used a wallet where he has such an amount of money. These are the basic things a person should know before they start playing with crypto websites.  I understand the fact that some airdrops offer airdrops only for holders, but with the amount they offer in an airdrop, it is not worth taking the risk.

If someone hunts airdrops or connects their wallet on random websites, it's always advised to use a dummy wallet or a wallet with a very low amount of crypto. It's better if you could stay away from unknown sources. But, the sad thing is, hunters never care about the source!

I still don't understand why people still fall for such scams. Having a sel custody wallet has some benefits but lots of pain for such individuals. Blaming the wallet for a personal mistake makes me realize how much this person is aware of what is happening around him in the real world. If anyone doesn't understand how the cryptocurrency world works then it is better to stay away from it. I am sorry for his loss and pity for his ignorance that it is him who gave those ETH willingly to the scammers.

I will only repeat what is written in the reviews. Keeping a five-digit number in your wallet and not being aware of the slightest signs of fraud is very stupid. Can another truth be told here: crypto is not for everyone. And this guy was given a very tough lesson: a Christmas gift with a spice that will probably be remembered for a very long time.
Good reminder, OP. Such lessons should be taught at the same level that beginners rush to invest all their money without wanting to learn the basics of security. Having an understanding that crypto not only grows but also disappears at the same speed, if you are not careful, is a good result of lessons learned by oneself or extracted from others.

There's a popular saying that experience is the best teacher but honestly, the best teacher is learning from other person's mistakes. So to the newbies, I know you've been warned umpteen times not to click on phishing links and not to give unknown website permission to your wallet, but it's not a bad idea to bring it up again. My goal is that it sinks into your head and saves someone.

This is a sad experience of a crypto investor who lost a whooping 8.6 ETH to a scammer, when he clicked a phishing link and granted it authorization to access his wallet because he wanted to participate in an airdrop.

LESSONS LEARNT:

• Don't give authorization to unknown websites to access your wallet.
• if you've large amount of funds, keep in a cold storage.
• If you're the type that's interested in airdrops, have a separate or dedicated wallet for it, do not use the wallet where you've most of your funds.

Enjoy the read and learn.

"I got scammed out of 8.6 Eth (22,000$) so you don't have to
Obligatory this didn't happen today, it happened Christmas day.

Transaction: 0x8b9223289156047cc08dea656bd5d479695bc6c7bc48917253be0bc4e02c1246

It was Christmas day, and I was sitting on the porcelain chair regretting my prior Eggnog decisions, curiously checking up on a totally unrelated crypto, Quantum. In poking around, I came across a Medium post with a bunch of high-fives (or claps, or whatever their rating system is) talking about an air-drop for QTUM. It referenced a "tool" that you could link to your Web3 wallet to see what aidrops were currently active that you were eligible for.

So I linked up, clicked the button, and up popped a signing request. This should have been first :sirens: AWOOGA :sirens: moment.

Now, for those that don't know, a signing request is a request for approval to send a transaction. The kicker in this case though, was that the signing request had no information (Exodus, the wallet I use, didn't show any details of the transaction I was being asked to send - destination, quantity, etc).

In my ignorance with the advent of Web3 standards and lack of knowledge of how things work, I legitimately thought this was normal - that it was asking to reveal my public address (or seomthing). Again, the prompt to approve the signing request did not contain anything indicating I was sending currency (no destination address was shown, no value / quantity, etc - nothing).

After the third or fourth back to back pop-up, that feeling of dread sank in... and my sins became very painfully clear. I sent all of my Ethereum, Polygon, BAT, and Render, unknowingly, to this scammer.

Because of how crypto works, there is no recourse (not even in taxes - thefts aren't claimable, and unrealized gains aren't either).

I reached out to Exodus and mostly got canned responses back. There's nothing they can do, obviously (other than fix their fucking app to show critical information that would have prevented this from happening in the first place)

Hopefully my fuck-up can serve as a reminder to anybody involved in the Crypto world to remain vigilant, and always remember that you're your own worst enemy.

Technical Details

The link in the TL;DR at the top is the transaction, if you're curious, where I unknowingly and unwillingly sent the entirety of my Ethereum holdings. Hopefully Exodus Wallet fixes their own apps' shortcoming...

The destination (scam) address is 0x0000C5d73291e9ae226E7fE59ea1e6b68bE30000, which itself is an Ethereum App, owned by 0x2915d0f44448cCEbBe95eBCa9193ceb2E462AbBF.

The actual scammed currency gets transparently forwarded to 0x000037bB05B2CeF17c6469f4BcDb198826Ce0000.

At the time of this writing, this scammer has successfully scammed 60.89 Eth (~159,000$) of which 8.636 Eth is mine."

https://www.reddit.com/r/ethereum/s/Mw0ShVxdP8