YOU Are At Risk For This $71 Million Scam!

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  • Опубліковано 12 чер 2024
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    Today we look into the recent $71 million crypto scam and how you can protect yourself from phishing scams. We also covered how address poisoning works so you can avoid becoming the next victim, to keep your cryptocurrency safe. Aside from that, we also take a look at the latest crypto news, dig into why whales are buying bitcoin and go over the recent Grayscale BTC ETF inflows. Plus we also take a glance at recent government comments on whether the US can go bankrupt. Stay safe, stay informed.
    #Crypto #Bitcoin #CryptoNews #Cryptocurrency #ETF #BTC
    Key Areas
    00:00 Intro
    00:24 Whales Buying Bitcoin
    01:56 Can The US Go Bankrupt?
    02:27 Grayscale ETF Inflows
    03:11 $71m Crypto Scam
    03:35 What Is Address Poisoning?
    05:20 How To Avoid Phishing Scams
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КОМЕНТАРІ • 141

  • @CryptoTips
    @CryptoTips  Місяць тому +12

    How do you spot crypto scams?

    • @santiagoferrari1973
      @santiagoferrari1973 Місяць тому +1

      Also I see a lot of people investing in "arbitrage" in cheap apps that are 100% a ponzi scheme

    • @stomp4423
      @stomp4423 Місяць тому

      I lost $2000 recently in a defi wallet by moving to another. Same as you described. Really hurt me. I'm no newb either. This is why crypto will never go mainstream. Entire system is exploited by scammers top to bottom. Safer leaving it all on an exchange unfortunately. Also: I'm completely out of defi forever. Will only use trustworthy exchanges and cold wallet. Never going back.

    • @scotane7753
      @scotane7753 Місяць тому

      I question everything

    • @user-vt7oz1wv8i
      @user-vt7oz1wv8i Місяць тому

      You look fucked up a lot lately
      What mad shit you up to

    • @patriotpioneer
      @patriotpioneer Місяць тому

      I run everything through my Nigerian Prince Crypto Adviser... ;-)

  • @myscreen2urs
    @myscreen2urs Місяць тому +6

    Never get the receiving address from your scan history. Get it directly from the receiver you're sending it to. Or just scan the QR code

  • @marcuswerbepause5307
    @marcuswerbepause5307 Місяць тому +4

    just dont be lazy and always copy the address from the target wallet. NEVER use history addresses

  • @gcruishank9663
    @gcruishank9663 Місяць тому +5

    Address poisoning, wow. I've been guilty only looking at the very first and last numbers. NEVER again.

    • @l.k.7940
      @l.k.7940 Місяць тому +1

      The address poisoning only works if you copy address from history and don't check it.

    • @gcruishank9663
      @gcruishank9663 Місяць тому

      @@l.k.7940 Ahh, I see, thanks for clarifying, not quite as risky then, but still.

  • @JamesC-ku7lq
    @JamesC-ku7lq Місяць тому +2

    Many thanks for highlighting this scam method. Im surprised such a large amount would have been sent in one single transaction from a general risk point of view

  • @ekim0513
    @ekim0513 Місяць тому +9

    Wow. Scammers will never stop. Thanks for the warning and tip.

  • @francogallinaro292
    @francogallinaro292 Місяць тому +9

    My heart hurts for that poor soul who got scammed!

  • @NeuroPulse
    @NeuroPulse Місяць тому +12

    The only way wallet "poisoning" works is if you are coppying addresses from your transaction history. That just simply isn't how to do it.

    • @didactic02
      @didactic02 Місяць тому +4

      Exactly especially with 71 million on the transaction. Who does that

    • @ttkddry
      @ttkddry Місяць тому

      ​@@didactic02somebody that deserved the lesson...

    • @santiagoferrari1973
      @santiagoferrari1973 Місяць тому

      We all do that

    • @errornull77
      @errornull77 Місяць тому +10

      for $71mil i'd triple verify every character of that address before sending it

    • @drflat9223
      @drflat9223 Місяць тому +2

      Right? You should have a list of whitelisted addresses to send to. Not randomly copying with net worth of over 70 BTC.

  • @elwinlamon
    @elwinlamon Місяць тому +4

    Thanks for the warning!!

  • @dariolamoglia4195
    @dariolamoglia4195 Місяць тому +3

    Thanks for the heads-up. Never miss a video.

  • @anttommo
    @anttommo Місяць тому

    Thanks for pointing that out.

  • @crypto_cools
    @crypto_cools Місяць тому +3

    You guys are excellent! Thank you

  • @djdamned
    @djdamned Місяць тому +15

    Why didn't they test with at least 1 million before sending all 71 million 😮 crazy

    • @didactic02
      @didactic02 Місяць тому +6

      Exactly or a few thousand

    • @drx1xym154
      @drx1xym154 Місяць тому +4

      That is the point - they had sent crypto to "that address" before.
      Often the software or the interface are very poor and/or _glitchy_ or even *crashy.* I have seen it on nearly all.
      Yes, they should confirm the FULL address - character by character. It would even be best if the interface would "lend itself" to a quick and accurate, visual verification check - or even some other check.
      I suppose this is why Exchanges (centralized or even decentralized) and mobile devices only show the first and last 4 characters (if that). At some point they may develop a better (verified) way... some day, some one may learn to code, for real.

    • @Chuck_N0rris
      @Chuck_N0rris Місяць тому +1

      I am sure they did. Address poisoning makes it look like the address you are sending to are the correct one. When transacting any meaningful amount you absolutely have to check letter by letter. Use a ledger too. It isnt immune against address poisoning neither but it got an extra layer of security.

    • @Hoobyj
      @Hoobyj Місяць тому +2

      ​@@Chuck_N0rrisHe was using a hot wallet.
      Rabby prevents address poisoning. Bento wallet does. Seems standard to implement whitelists as a security measure nowadays.

  • @HOGE_FINANCE
    @HOGE_FINANCE Місяць тому +3

    This scam actually happened to me a year ago. When I was ready to send crpto, a list of recommended addresses popped up like they always does, I clicked the first one, I assumed it was my coinbase wallet address, because it usually is. If was a scammers address and I lost crypto.

  • @mastalee1776
    @mastalee1776 Місяць тому +2

    Step up your your game and show us a picture as an example. Especially for newbies. That would help a lot imo.

  • @nextari
    @nextari Місяць тому +4

    I don't get the whole poisoning issue. Do people use blockscan history or wallet history once they receive the test amount? And you should instead copy/paste from the destination instructions twice?

  • @anthonyjames5558
    @anthonyjames5558 Місяць тому

    Always great content

  • @END-THE-FED
    @END-THE-FED Місяць тому +2

    Did this happen with the transfer of WBTC?

  • @tracylee7131
    @tracylee7131 Місяць тому

    Thanks Heidi for keeping us informed about safety!!

  • @ReActiv8R
    @ReActiv8R Місяць тому

    Love your work Heidi 😃

  • @janchakos2648
    @janchakos2648 Місяць тому

    Another great video from Heidi

  • @GetsNothing
    @GetsNothing Місяць тому +1

    Smart and beautiful! Thank you for the information 😊

  • @waverunner5899
    @waverunner5899 Місяць тому

    Thank you for your continued support!

  • @unreasonable4rce
    @unreasonable4rce Місяць тому

    When you generate a new wallet how do you specify the first and last four characters to closely mimic a desired address?

  • @jamescoulter9659
    @jamescoulter9659 Місяць тому +1

    The U.S. is rapidly approaching the point where individual income tax (which is technically unconstitutional, IMO) does not even make a tiny scratch relative to the accumulating debt. So we must ask, what's the point of continuing to collect income tax?

  • @pedropastador7498
    @pedropastador7498 Місяць тому +4

    Thumbnail > video

  • @MrKalchahal
    @MrKalchahal Місяць тому

    Top content❤

  • @Maria-sz1fc
    @Maria-sz1fc Місяць тому

    what can happen and in how long with whales massively buying?

  • @MJ-ge6jz
    @MJ-ge6jz Місяць тому +3

    And don't hold large amounts of crypto in HOT wallets!! Use it only for short term trading and suck it back to your cold wallet ASAP !!

  • @Antal46
    @Antal46 Місяць тому

    I always send a minimum amounth before moving my crypto. Yes even on eth

  • @andyjohnson9402
    @andyjohnson9402 Місяць тому

    Interesting that the grey scale inflows began the same day as the M2 money supply flipped

  • @RoskoArano
    @RoskoArano Місяць тому +2

    Activate WBTC clawback ohh that's right XRP only has that clawback system 🤔

    • @l.k.7940
      @l.k.7940 Місяць тому

      Hmm.. if so, XRP is the safest way to send funds!!

  • @joshc7865
    @joshc7865 Місяць тому

    Thanks guys on flagging that scam, wasn’t aware of it

  • @Chuck_N0rris
    @Chuck_N0rris Місяць тому

    I would never even send 100% of my assets in a single transaction. Chop it up into pieces. More time consuming but as I see it, every single transaction means risk. There are always multiple ways to fuck up.

  • @usmc7210
    @usmc7210 Місяць тому

    At least these learnings are getting fewer. Thanks for the advice. Always check the full address.

  • @johnqlunchbucket
    @johnqlunchbucket Місяць тому +1

    That poor guy is probably going to get a notice from the IRS that he owes taxes on that Bitcoin because he sent it to another person...😂

  • @hristokarchev
    @hristokarchev Місяць тому

    I like these two , channel worth it

  • @user-np4xe3sv3f
    @user-np4xe3sv3f Місяць тому

    Wow, I had gotten in the habit of checking the first and last handful of numbers. Appreciate the revelation.

  • @MediaCreators
    @MediaCreators Місяць тому +1

    If the US (federal and states) would suspend all tax payments by tomorrow, the nation could survive for another 60 months easily. Fiscal doesn't cover the expenses anyway.

  • @kitcat8686
    @kitcat8686 Місяць тому

    Maybe I'm missing something....but why don't these wallets offer a mechanism to be able to accept deposits before they are allowed to be deposited into your wallet?

  • @_DD_15
    @_DD_15 Місяць тому +1

    How do you choose the address of your own wallet tho? I thought every Blockchain gives you a random address at the moment of the wallet creation, didn't know you could pick them.

    • @CryptoTips
      @CryptoTips  Місяць тому

      There are a lot of tricks.

  • @MarcoLopesPT
    @MarcoLopesPT Місяць тому +1

    That why we need personalized addresses!!! There are already services for crypto chains like the ones used on the internet (DNS Service). I would use a wallet where we can send to anyone using their PHONE NUMBER (for example). BTW, in Portugal, BANK TRANSFERS will be available using the PHONE NUMBER registered on the destination BANK account (this will be live this summer and will even give users the NAME of the destination BANK account holder)

    • @nobodyinparticular5224
      @nobodyinparticular5224 21 день тому

      A draw-back to using personalized addresses is the ability to track your financial activity, but heyy . . . who would want to do that?

  • @mastalee1776
    @mastalee1776 Місяць тому

    But when your sending to an exchange or a hot wallet, wouldn't you just copy your incoming address from your exchange account or your wallet? That person who lost 71 mil in wrapped btc, didn't that person just copied their sent address from their account.

  • @marottadave
    @marottadave Місяць тому +1

    Thank you pretty Heidi 😍😘

  • @willardthomas1317
    @willardthomas1317 Місяць тому

    WOW...Ive always just looked at the last 4 numbers of a wallet address!!

  • @patriotsforegolf9859
    @patriotsforegolf9859 Місяць тому +2

    Do you two own any grayscale funds

    • @happios
      @happios Місяць тому

      They said the buy spot bitcoins

    • @CryptoTips
      @CryptoTips  Місяць тому

      No

  • @CWRardin
    @CWRardin Місяць тому +2

    Self-custody is crazy. Anyone can make a mistake and lose their money.

    • @billm201
      @billm201 Місяць тому +2

      True. I don't know a single OG who hasn't stumbled on something and lost some/all of their money.

    • @clutch2827
      @clutch2827 Місяць тому +2

      That's why crypto is for the grown-ups.

    • @bb-mx8gu
      @bb-mx8gu Місяць тому

      Crypto self custody just sucks and is not suitable for the mass. Crypto devs still dont get that (or dont want to…)

    • @l.k.7940
      @l.k.7940 Місяць тому

      Certainly nobody should put all crypto coins funds or most into a self-custody wallet etc.

    • @CryptoTips
      @CryptoTips  Місяць тому +1

      I feel like I’m in the twilight zone

  • @Jasmineflower44
    @Jasmineflower44 Місяць тому

    Heidi you look equally or even more gorgeous without your makeup on! Keep shining! ❤

  • @des3558
    @des3558 Місяць тому

    On a future video could you explain the SCAM in more detail and show us exactly what to look for in a practical sense. I am not sure Why I would see the scammers wallet address in the first place and then copy and paste it to send crypto to. thanks in advance.

  • @aeligos
    @aeligos Місяць тому

    Are exchanges at risk of having these poisoned wallet addresses?

  • @josephmorgan2856
    @josephmorgan2856 Місяць тому

    Well that's terrifying. Thanks tho

  • @blankbandits
    @blankbandits Місяць тому

    I consider myself a rather savvy crypto user, but I wasn't aware of this scam. Will definitely keep an eye out. Anyone could have been susceptible to that one; pretty clever. Thanks for shedding light.

  • @paulnowlin2901
    @paulnowlin2901 Місяць тому +1

    "Normalize at those levels" that's not how markets work.

    • @keepitsteady777
      @keepitsteady777 Місяць тому

      Hi! I’m new to investing. Can you please explain?

  • @GeorgeFriend79
    @GeorgeFriend79 Місяць тому

    Todays film expect a more thought out ending and less reactionaryism. They're on a boat with nothing to do but plan ahead. Anybody on Earth would have bolstered their offensive and defensive capabilities before they even set sail. The unrealistic ending destroyed an otherwise, good, film.

  • @The_Monolith
    @The_Monolith Місяць тому

    They don't tax you because they need $$$. They tax you because they need you to rely on $$$. You can only pay your taxes in $$$ and that's what makes $$$ valuable.

  • @GarysGuzzler
    @GarysGuzzler Місяць тому

    Sorry that was me, but it was .47 of a Bitcoin

  • @mylifeonthebeach
    @mylifeonthebeach Місяць тому

    I was under the impression the addresses were randomly generated. How can a hacker design their own address? OR do they generate an address and then using the last four characters on each end, search wallets addresses to match theirs and then target those wallets somehow? I am not a blockchain searcher so have no clue how this is being accomplished. Any help?

    • @CryptoTips
      @CryptoTips  Місяць тому +1

      They generate them and search for matches on the Blockchain, then attack them.

    • @mickeydrago9401
      @mickeydrago9401 Місяць тому

      Try to remember to look not just at the first four and last four characters but also in the middle otherwise hackers can fool you...

    • @WilsonIRL82
      @WilsonIRL82 Місяць тому

      @@CryptoTips So it was not targeted? just blind fishing?

    • @mylifeonthebeach
      @mylifeonthebeach Місяць тому

      @@CryptoTips Toby, how can the scammer “attack” a wallet address? Fishing needs an email or cell phone attribution, so I am struggling to see how they can attack a wallet. Any further help?

    • @albertorobertosimon
      @albertorobertosimon Місяць тому

      @@CryptoTips yes they can generate but they have to generate a lot of addreses ... in the trillions

  • @Guust_Flater
    @Guust_Flater Місяць тому

    Who copies their wallet address from their transaction history!?😮🤷‍♂️ Always use the "Send" button from your wallet, to prevent these kind of mistakes.

  • @toreador1236
    @toreador1236 Місяць тому

    0:00

  • @scotane7753
    @scotane7753 Місяць тому

    I wonder if the scammer retired after that score,,,my guess is probably not,,greed knows no bounds.

  • @handssolo7980
    @handssolo7980 Місяць тому

    Are there any left wherever you found her dude? Well done for even being qualified for each other! You guys are amazing what an inspiration dans le nomád capitalizique. Do not forget to include férmente cabbage in your journey.
    Tu adore.

  • @NeuroPulse
    @NeuroPulse Місяць тому +3

    That little blip on the end is the most significant feature of that chart. Anybody serious about analysis instantly sees signal in that.

  • @Draintheswamp2024
    @Draintheswamp2024 Місяць тому

    I hope it was BlackRock who got scammed.

  • @tonymclain7082
    @tonymclain7082 Місяць тому

    Bitcoin and make-up

  • @bede66
    @bede66 Місяць тому

    👍

  • @nakan0
    @nakan0 Місяць тому

    Thank you. And you're so beautiful ❤

  • @samskie88
    @samskie88 Місяць тому

  • @drflat9223
    @drflat9223 Місяць тому

    Good thing I don't have 71 BTC to lose. Maybe 0.00071 BTC. :D

  • @markbailey6051
    @markbailey6051 Місяць тому

    Pronounced Crapto aka Fiat.

  • @vincenttacraebnam8379
    @vincenttacraebnam8379 Місяць тому

    Maybe it wasn’t a scam after all…just a boating accident in light of the latest KYC crackdown…

  • @danielbarnes6873
    @danielbarnes6873 Місяць тому +1

    She's looking ruff

    • @oversoul3482
      @oversoul3482 Місяць тому

      The natural look is more appealing to me.

    • @clutch2827
      @clutch2827 Місяць тому

      Glad you got something out of the video. Now go make mommy make you some more pizza rolls.

    • @danielbarnes6873
      @danielbarnes6873 Місяць тому

      @clutch2827 lol OK pal

    • @CryptoTips
      @CryptoTips  Місяць тому +1

      Rough*

  • @AndrewCameron77
    @AndrewCameron77 Місяць тому +1

    👍🏼🇨🇦

  • @lteredcarbon
    @lteredcarbon Місяць тому

    Again 🤭

  • @tantricsurfer
    @tantricsurfer Місяць тому

    citing your own comments 🤣🙈

  • @wombatt360
    @wombatt360 Місяць тому

    DONT VOTE FOR MAGRUDER!!!

  • @womblestacker7993
    @womblestacker7993 Місяць тому

    47,000 yet ir can't hit 64k😂😂😂

  • @ccaputa
    @ccaputa Місяць тому

    First of all, they had wrapped bitcoin. Enough said.

  • @stacytheblueeyedblondhaire2030
    @stacytheblueeyedblondhaire2030 Місяць тому

    Why not take a few minuets to make yourself presentable to your audience and your partner. You look 20 years older without makeup! Toby is a very handsome man. He might start noticing all of those lovely Senoritas there in Portugal. The women there are beautiful. Even I would have competition there.

    • @clutch2827
      @clutch2827 Місяць тому

      What a cucking funt.

    • @CryptoTips
      @CryptoTips  Місяць тому

      Love you too!

    • @clutch2827
      @clutch2827 Місяць тому

      I guess they deleted my original comment. You are either a dude or an incredibly shallow person.

  • @CRYPTOALOT
    @CRYPTOALOT Місяць тому