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So, I wanted to write something regarding the random tokens

that you get on a wallet, which are probably scam.

Are these tokens distributed completely randomly? No!

If you look at the Bitcoin blockchain, the protocol has a pool of 1,461,501,637,330,902,918,203,684,832,716,283,019,655,932,542,976 different addresses (2^160). However, we are only 7bn people in the world and not every person uses Bitcoin. Therefore, they say it is impossible for 2 people to create the same wallet. Simply because there are too many possibilities.

Now to the question, are these tokens distributed completely randomly?
No, because the creator of the scam tokens can't just send tokens to every possible address. Because not every possible address has an owner. And even if an address has an owner, it doesn't mean that the owner still has access to the private keys and constantly checks this wallet.

So what do they do instead?

The scammers take a decentralized protocol such as Pancakeswap or Bakeryswap, then they download a snapshot of the blockchain via Blockchainexplorer and convert that into an Excel or similar. Then a script is written where they check that every active user of this DEX then gets an airdrop for example.

This is just an example, but you have to imagine it like this. They look at the public database (Blockchain Explorer), see who has interacted with a certain decentralized smart contract and then know these addresses are active and the users know about decentralized applications. These users are then sent an airdrop and a fake website is created to go with it.

Now you think to yourself: Oh great, airdrop, I can easily exchange it for money!

Yes -- sometimes it is possible. The DEX aggregator 1inch for example made a huge airdrop at the end of last year and gave away 1inch tokens. Many users of the PEAKDEFI app got close to $1000 worth of tokens as a result.

This was a legitimate airdrop because it came from a recognized company/project.

But the scammers then just create XY fake website and then usually try 2 things:

1. that you "connect" to the website via MetaMask or so to swap your tokens. But this is not a real swap site, but mostly a script, which takes with the "connect" the authorization to take all assets from you. Therefore, you must always be careful that you only connect your wallets to official websites.

Or 2. they try to get you to pay a certain amount to "upgrade / whitelist / unlock" your address or whatever they come up with, so you can then send the tokens. Typical scam. You transfer money and then still can't get it.

This form of new "airdrop scams" is quite recent and not so long known. But it makes sense and unfortunately there are enough people who fall for it.

So what do we learn from this?

1. check every crypto website for official sources, listings, auditing or "trust" points. So that it is mentioned somewhere recognized.

2. connect your wallet (MetaMask, PEAKDEFI with WalletConnect) only with recognized decentralized protocols with https websites. Best to go through the links via Coinmarketcap as they are verified. Don't just use Google, there may be fake there as well.

3. never transfer money (cryptos) to any service to unlock or get a higher amount.

3 ответов

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Thanks. Understood. But the question is why are they reflecting only on my PeakDefi wallet & not on Metamask or Trust Wallet, from which I actually use Pancake Swap. I have never used PeakDefi wallet to do any transaction till date. Configured it to stake Binance Chain Peak tokens, but then it got discontinued. However, after seeing these ghost tokens, I have removed the linking of Trust to PeakDefi wallet. I know nothing comes for Free in this world, airdrop or whatever. So better be safe than sorry later.

Arun Bhardwaj
Thanks. Understood. But the question is why are th...

Because they are there and the Peakdefi wallet shows everything in your wallet. MetaMask shows only the coins you added to Metamask. If you have Peak at your wallet for example, the PeakDefi wallet shows them automatic, but not Metamask. You have to add the Peak to Metamask bevor it shows them.

Jonas |-PEAKDEFI Автор вопроса

This text explains probably what that is

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