a scam method that is trapping many people on the TRON blockchain.
Scammers create a wallet that already contains a good amount of USDT. Then they secretly enable multi-sign permission on that wallet.
After that, they leak or share the wallet’s seed phrase/private key somewhere online so victims think they found a “loaded wallet”.
When victims import the wallet, they see the USDT balance and think they can transfer it to their own wallet.
But on TRON, USDT transactions require TRX fees.
So the victim sends TRX into the wallet to pay gas fees and tries to withdraw the USDT.
Here is the trick:
Even though the victim has the seed phrase, the wallet has multi-sign security enabled, meaning only the original owner’s approval can move the USDT.
So the withdrawal always fails.
The scammer then quickly transfers out the TRX that victims added for gas fees and waits for the next victim.
Important points:
Having the seed phrase does NOT always mean full control of the wallet.
TRON wallets can use multi-sign permissions.
Yeah, generated this chatgpt. Because english is not my primary language 🥲