Crypto scams are evolving fast, and mobile wallet users, especially those using Solflare are frequent targets. Here’s what to watch out for and how to stay protected.
Phishing Scams
What it is: Fake websites or apps impersonating real services like Solflare, tricking you into revealing sensitive info.
How it works:
You receive an email, DM, or pop-up claiming urgent wallet activity.
The message links to a fake site that looks just like the real one.
You’re asked to "verify" or "recover" your wallet by entering your seed phrase.
Once entered, your funds are gone.
How to protect yourself:
We will never reach you first!
Double-check all URLs and Bookmark the official sites: https://www.solflare.com/
Don’t trust links from emails or DMs, even if they look legit.
Watch out for typos, urgent warnings, or poor grammar.
Never enter your seed phrase online.
Malicious Apps & Mobile Malware
What it is: Fake or compromised apps designed to steal your information or monitor activity.
How to stay safe:
Only download apps like Solflare from the official Google Play Store.
Avoid APKs or download links from websites, Discord chats, or friends.
Don’t install unknown QR scanner apps, console commands or “wallet optimizers.”
Keep your Device OS, Apps and security settings up to date.
Other Common Scams to Know:
Investment Scams
What it is: Scammers often contact victims through text messages, dating apps, or social media. They usually try to move the conversation to platforms like WhatsApp, Telegram, WeChat.
Over time, they build trust through casual conversation and flashy photos that suggest wealth and success. Once the victim is comfortable, the scammer brings up crypto investing.
They may offer to guide the victim in setting up an exchange account and purchasing crypto through a well-known platform or ATM. Then, they direct the funds to a fake investment site.
Legitimate services used to buy the crypto are not part of the scam. They’re just tools the scammers exploit. The real loss happens when money is sent to a platform controlled by the scammer and disappears. See: Operation Level Up
Cryptocurrency Job Scams
What it is: This scam starts by offering high hourly pay, flexible hours, and easy work from home tasks. All with minimal requirements.It often involves scammers pretending to be recruiters from real companies. Once the victim starts the job, they’re asked to complete tasks that require sending their own money usually through crypto or money transfers to an address controlled by the scammer.
High-Yield Investment Programs (HYIPs):
Promise massive passive income or daily returns.
Often rely on AI impersonation, hype and referrals.
The balance on those websites is fake and does not represent any real value.
Fake ICOs (Initial Coin Offerings) or Presales:
Scam projects claiming to launch a new token.
Often have no whitepaper, fake teams, and unrealistic promises.
You invest and the token never launches.
Rug Pulls:
A project is hyped up, then developers abandon the project after raising assets, leaving participants with worthless tokens.
Look for locked liquidity, real developers, and open-source code before investing.
Pump and Dump Schemes:
Scammers artificially inflate a token value through coordinated buying using hype.
Once others buy in, they sell off, crashing the price
General Protection Tips:
Always research before you invest. Remember crypto transactions are not reversible.
Be skeptical of anything promising "guaranteed" returns or “too good to be true” promises.
Stay skeptical. Crypto has no customer support phone number.
Do not trust strangers.
When in doubt, don’t click. Take your time and contact us.