The connection to a decentralized application (dApp) through a dApp browser may appear simple but trusting deceptive dApps can lead to loss of funds which, unfortunately, are irretrievable. Let's dive into the details to better understand how to troubleshoot access issues and avoid potential dApp scams. For personalized assistance, never hesitate to contact our support at support.trustwallet.com.
Covered in this guide:
1. Understanding Malicious DApps
2. Identifying and Analyzing Fake DeFi and AI Trading Schemes
3. Dealing with Wallet Drainers and How to Safeguard Your Wallet
4. Steps to Take if Signed/Confirmed With a Malicious dApp
Understanding Malicious dApps
If you open the DApp, you are presented with the so-called “mining pool” data so they can deceive you that what you see is real.
- They are designed to deceive unsuspecting users and drain their wallets.
- User funds might suddenly disappear after interacting with these dApps.
- Scammers might impersonate customer support to lure users into unlocking their wallets.
- The funds you deposited were stolen and transferred to a scammer’s address in an irreversible transaction.
- You'll be unable to withdraw, as the website is false and reflects unreal earnings.
Identifying and Analyzing Fake DeFi and AI Trading Schemes
- These schemes often promise unrealistic returns through advanced AI algorithms.
- Be aware that scammers often request token approvals in these schemes.
- Discontinue any interaction with the scam site immediately upon detection.
The FBI (Internet Crime Complaint Center [IC3]) has also issued a warning about this kind of scam: https://www.ic3.gov/Media/Y2022/PSA220721
Be vigilant! Some scammers create false DeFi portals and trading schemes to defraud individuals of their assets.
Dealing with Wallet Drainers and How to Safeguard Your Wallet
- Wallet Drainers steal tokens and NFTs through fake NFT minting/airdrops.
- Avoid signing unreadable signatures or approvals for tokens and NFTs.
- Ignore any random tags like mint links on social media which might be an attempt to drain your wallet.
Steps to Take if Signed/Confirmed With a Malicious dApp
- Revoke the token and NFT approval immediately using revoke.cash or checking the specific chain where you granted the approval.
- If listed/offered NFTs are apparent, increment the counter/nonce to invalidate them using OpenSea's Seaport contract.
Knowledge is your best defense. Be aware of these malicious practices and possible deceptive schemes. Stay vigilant and continue to enjoy your journey in the world of dApps safely!
To benefit from the latest security measures, always keep your Trust Wallet up to date: trustwallet.com/download