Seed Phrase Scam
Any scheme that tricks you into revealing your recovery words, giving the attacker permanent control of your wallet.
✦ Key Insight
It is the most common total-loss event for retail holders, and it is entirely preventable because the rule has no exceptions.
✕ Common Misconceptions
Believing that entering the phrase into an app is safe because the app looks legitimate. Genuine wallets only ask for the phrase during a deliberate restore that you initiated — never in response to an error, a message or a support request.
Detailed Explanation
In Practice
Dig Deeper
Wallet
Software or hardware that stores your private keys and lets you sign transactions.
Token
An asset created by a smart contract on an existing blockchain rather than being that blockchain's native currency.
Blockchain
A shared, append-only record of transactions maintained by many independent computers at once.
Transaction
A blockchain transaction is a signed or authorized instruction that changes blockchain state or transfers value when accepted by the network.