Common USDT Scam Tactics and How to Avoid Them
Scam Type 1: Direct Transfer Deception
Fraudsters lure victims by offering above-market rates for USDT purchases. After gaining trust, they instruct users to transfer USDT directly without third-party escrow. Once received, the scammer disappears, leaving victims with no recourse.
🚨 Bitget Wallet Alert: Never conduct unsecured offline USDT trades with strangers—especially those promising "high-price USDT purchases."
Scam Type 2: Counterfeit USDT Tokens
Scammers issue fake USDT tokens, swapping them for users’ legitimate cryptocurrencies or fiat. Victims only discover the fraud when exchange deposits fail.
How to Verify Authenticity
Check Token Hash Addresses:
- Use Bitget Wallet’s blockchain explorer to compare the scammer’s token hash with official USDT hashes.
- Mismatches indicate counterfeit tokens.
- Expert Verification:
Unsure? Submit suspicious hash addresses to Bitget Wallet Support for validation.
👉 Learn how to spot fake cryptocurrencies
Scam Type 3: Oil Card Phishing Scheme
Fraudsters offer "high-profit" USDT trades by selling reloadable oil cards. Victims receive cards redeemable via Alipay, convert proceeds to USDT, and transfer to scammers—earning small margins (¥10–20 per transaction).
The Trap
- Scammers provide a fake wallet QR code (H5 page) that secretly authorizes smart contracts.
- Once scanned, attackers drain the victim’s entire USDT balance.
- Low-balance wallets? They’ll coax you to deposit more before stealing funds.
🔐 Key Defense:
- Never scan unknown QR codes.
- Reject unsolicited "high-price USDT" offers—they exploit greed to steal assets.
FAQs
❓ Can I recover stolen USDT from offline scams?
Recovery is extremely rare due to blockchain irreversibility. Prevention is critical.
❓ Are P2P platforms safer for USDT trades?
Reputable platforms with escrow (e.g., Binance P2P) reduce risk versus direct transfers.
❓ How do I report a crypto scam?
Contact Bitget Wallet’s support team and local cybercrime units immediately.
Final Tips to Stay Safe
- Use Trusted Platforms: Trade via regulated exchanges only.
- Verify Everything: Double-check wallet addresses and token hashes.
- Educate Yourself: Understand smart contract risks before approving transactions.
🚀 Deepen your crypto security knowledge here.
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