Scammers will use any technique to find their potential victims. One popular technique is email phishing. This is a type of scam where scammers send fake emails or messages that appear to be from a legitimate cryptocurrency exchange or wallet service, in order to trick people into giving up their login credentials, private keys, or other sensitive information.
Usually, they use alarming email subjects like this: "Re: [IMPORTANT] Your wallet has been disabled !". If you received an email that appears to be from a well-known crypto company, don't panic and click on any link. Instead, try to investigate the email for hints in order to see if it's legitimate.
Email related to Crypto Wallet
First, if the email appears to be coming from a crypto wallet like Metamask or Coinbase, you can tell it is a scam by understanding how crypto wallet works. Crypto wallets keep your private keys – the passwords that give you access to your cryptocurrencies – safe and accessible, allowing you to send and receive cryptocurrencies like Bitcoin and Ethereum.
Because of how they work, no one can ever suspend your crypto wallet. Your assets are accessible by only you or whoever has your seed phrase. A seed phrase is a series of 12 or 24 random words that provide the data needed to recover a lost or broken crypto wallet. You can obtain that seed only when you create a crypto wallet. To view your assets on the blockchain, search your wallet address in a blockchain explorer like Etherscan.
Search for hints in the email itself
You can use this trick on any email you get that you find suspicious. When you receive a suspicious email, it's always good to double-check the sender's email address. Usually, their email will have nothing to do with the company they pretend it's been coming from. Below is the sender's email who sent the email above. The email is [email protected]🤣 Definitely fishy!
Also if you find a typo in the email, it's definitely a red flag. additionally, the email senders almost never signed their names at the end of the email, which is not professional at all.
Stay safe!
