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Token scam is being used to steal Metamask wallets, we tell you how to protect yourself

A new type of scam ( scam ) has been hitting users of the Metamask wallet, specifically those using Binance’s Smart Chain (BSC) network. The complaint of some users alleges that, once they try to claim the 800,000 VERA tokens they receive in a supposed airdrop , their portfolio is emptied of the BNB and other tokens they possess.

The complaint has been made known from different sources. Users on YouTube, for example, comment that their wallets have been emptied and explain the nature of the scam. They allege that, when interacting with the fake VERA website, something inside the smart contract drains the wallets of those affected . This type of complaint has been repeated on different social networks.

How the scam works

Yes Well, some users have commented that “there is something in the smart contract” that steals all the assets in the portfolio, it is worth noting that a large part of the theft occurs due to the carelessness of the users.

The scam It begins by receiving tokens from TheVera.io (name of the token and the website), which they say belong to a project known as VERA. It should be noted that this platform is real, and is still under development. The official portal is vera.financial, but so far no token is publicly promoted .

Total tokens received by users amounts to 800,000 VERA. Within CoinGecko you can find a token with the same name that is trading at USD 0.0006, causing the amount received to amount, supposedly, to more than USD 48,000. According to data from the contract in which this token was generated, the airdrop was sent to almost 6 million different addresses. Also, in BscScan the contract has been reported as a scam .

A scam is defined as the form of scams through emails. However, with the massification of the Internet, this definition was adopted to refer to all types of scams based on deception carried out through digital means.

Now, since these tokens cannot be claimed on any known exchange platform, such as UniSwap or Binance, for example, users are asked to go to thevera.io website, which is already marked by Metamask as a page scam .

The website is very similar to the vera.financial website. Source: TheVera.io/íritu.

In this portal users are asked to mark the option of Claim You Token (claim your token). When clicked, a window opens indicating the number of tokens to ‘unlock’. At the moment of confirming the transaction is when the deception occurs .

In this case, the transaction that is opened from Metamask does not correspond to the confirmation of the connection of the wallet with the website. Actually, is confirming the sending of all the funds that the user has in his wallet to the scammer’s address. This is a simple shipping transaction that users confirm by not carefully reviewing the transaction details .

Scam can affect any Ethereum web wallet , like Metamask or Trust Wallet. Source: TheVera.io/íritu.

According to what CriptoNoticias has been able to collect, the VERA token is not the only one that is affecting users. Other tokens like MNEB or USDM are also being shipped on airdrops for scam purposes.

These are some of the tokens that are being sent
as a medium Scam Metamask users.
Source: Metamask.

How much money have you managed to scam?

At the moment, criminals have been using the address 0xba298E76324f2F9a506A831f3B9409920Dd3C84D as indicated in Metamask.

According to BscScan , the address currently has a BNB balance of USD 342 and more than 45 thousand dollars in different tokens. In the records it appears that the management has managed to accumulate more than 12 BNB equivalent to about USD 5,000, which has already been withdrawn.

How to avoid these scams

First of all, it is worth noting that tokens are not the means of scams. Actually, a BEP20 token is harmless on its own. However, can be used as part of a social engineering framework that affects careless users. Based on this, if a user receives this token, they do not have to worry since the token alone does not represent any danger within their portfolio.

Another precaution To follow is to apply the maxim of Bitcoin: «do not trust, verify». The transaction that is being confirmed should always be verified. In this particular case, users are robbed because they confirm, without paying attention, the sending of all their funds.

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Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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