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Announcement>Scam Alert: TRX USDT Scam By Manipulating Account Permission (Tron Multisig Scam)

Scam Alert: TRX USDT Scam By Manipulating Account Permission (Tron Multisig Scam)

Notice

We have identified a fraudulent scheme making rounds in CoinWallet (CoinsDo Wallet), designed to trick users into transferring TRX in exchange for access to USDT. This tactic, known as the Tron Multisig Scam, has been a well-known ploy in the crypto community for years.

This scam has been featured in a video (linked below) showcasing the following deceitful process:

1. The scammer deposits a small amount of USDT into a provided wallet address.

2. They provide the seed phrase associated with that wallet address and telling victims that there are free USDT that has yet to be transferred out. The announcement was spread via various channels including Youtube and email.

👉 Link to the video demonstrating the scam:
https://www.youtube.com/watch?v=j5JvQBQaZnQ

Email:

We have identified a fraudulent scheme making rounds, designed to trick users into transferring TRX in exchange for access to USDT. This scam has been featured in a video (linked below) showcasing the following deceitful process: The scammer deposits a small amount of USDT into a provided wallet address. They provide the seed phrase associated with that wallet address and telling victims that there are free USDT that has yet to be transferred out. The announcement was spread via various channels including Youtube and email. 👉 Link to the video demonstrating the scam: https://www.youtube.com/watch?v=j5JvQBQaZnQ Email: [Object] Victims will then try transfer TRX to the same address, claiming this is necessary to "release" the USDT, as TRX is required as transaction fee on Tron network. Once the TRX is deposited, victims will not be able to transfer the USDT nor the TRX out because the address has no owner permission. On the other hand, the scammers withdraw both the TRX and the deposited USDT, leaving the victim at a loss. You can find the traces our scammer transferring out the TRX deposited in Tronscan transaction history. [Object] [Object] [Object] How do those addresses look like? On Tronscan, you can see those addresses had authorized 'Owner Permission' and 'Active Permission' to another address, as shown [Object] [Object] [Object] Addresses we uncovered so far Seed phrase Addresses with USDT which scammer used to trick victims TW9TfLT2wb8Du4YMEkn9QxV6hRvnJvrPtH TXtWP5RLC5v6GVrQoymu6HnQypsv17GVhE TSz3WQZB966KanbncTmLpXRT9tpswTNdsd Scammer addresses which are used to collect all TRX scammed TN44wMeTV66dJZ8pcz4ywxXQDzonQ1BNSV TVCjNyCeP28AjLJW3Z7umN2Tc7FyzhLyAC This is not a new scam, it has been there since a few years yet it is still very active. What You Should Do ❌ DO NOT interact with suspicious messages claiming there are free crypto assets but need to deposit a small amount in prior to getting it. ❌ Always verify the authenticity of any crypto-related instructions, especially when unsolicited. ❌ Report any scam activity to the platform or exchange being used. Remember, if an offer sounds too good to be true, it probably is. Stay vigilant and protect your assets!

The email provides instructions to import a wallet but does not explicitly instruct victims to deposit TRX into this address. It’s commonly understood that all blockchain transfers require the native coin for transactions.

3. Victims will then try transfer TRX to the same address, claiming this is necessary to "release" the USDT, as TRX is required as transaction fee on Tron network.

4. Once the TRX is deposited, victims will not be able to transfer the USDT nor the TRX out because the address has no owner permission. On the other hand, the scammers withdraw both the TRX and the deposited USDT, leaving the victim at a loss.

You can find the traces of scammer transferring out the TRX deposited in Tronscan transaction history.

We have identified a fraudulent scheme making rounds, designed to trick users into transferring TRX in exchange for access to USDT. This scam has been featured in a video (linked below) showcasing the following deceitful process: The scammer deposits a small amount of USDT into a provided wallet address. They provide the seed phrase associated with that wallet address and telling victims that there are free USDT that has yet to be transferred out. The announcement was spread via various channels including Youtube and email. 👉 Link to the video demonstrating the scam: https://www.youtube.com/watch?v=j5JvQBQaZnQ Email: [Object] Victims will then try transfer TRX to the same address, claiming this is necessary to "release" the USDT, as TRX is required as transaction fee on Tron network. Once the TRX is deposited, victims will not be able to transfer the USDT nor the TRX out because the address has no owner permission. On the other hand, the scammers withdraw both the TRX and the deposited USDT, leaving the victim at a loss. You can find the traces our scammer transferring out the TRX deposited in Tronscan transaction history. [Object] [Object] [Object] How do those addresses look like? On Tronscan, you can see those addresses had authorized 'Owner Permission' and 'Active Permission' to another address, as shown [Object] [Object] [Object] Addresses we uncovered so far Seed phrase Addresses with USDT which scammer used to trick victims TW9TfLT2wb8Du4YMEkn9QxV6hRvnJvrPtH TXtWP5RLC5v6GVrQoymu6HnQypsv17GVhE TSz3WQZB966KanbncTmLpXRT9tpswTNdsd Scammer addresses which are used to collect all TRX scammed TN44wMeTV66dJZ8pcz4ywxXQDzonQ1BNSV TVCjNyCeP28AjLJW3Z7umN2Tc7FyzhLyAC This is not a new scam, it has been there since a few years yet it is still very active. What You Should Do ❌ DO NOT interact with suspicious messages claiming there are free crypto assets but need to deposit a small amount in prior to getting it. ❌ Always verify the authenticity of any crypto-related instructions, especially when unsolicited. ❌ Report any scam activity to the platform or exchange being used. Remember, if an offer sounds too good to be true, it probably is. Stay vigilant and protect your assets!
We have identified a fraudulent scheme making rounds, designed to trick users into transferring TRX in exchange for access to USDT. This scam has been featured in a video (linked below) showcasing the following deceitful process: The scammer deposits a small amount of USDT into a provided wallet address. They provide the seed phrase associated with that wallet address and telling victims that there are free USDT that has yet to be transferred out. The announcement was spread via various channels including Youtube and email. 👉 Link to the video demonstrating the scam: https://www.youtube.com/watch?v=j5JvQBQaZnQ Email: [Object] Victims will then try transfer TRX to the same address, claiming this is necessary to "release" the USDT, as TRX is required as transaction fee on Tron network. Once the TRX is deposited, victims will not be able to transfer the USDT nor the TRX out because the address has no owner permission. On the other hand, the scammers withdraw both the TRX and the deposited USDT, leaving the victim at a loss. You can find the traces our scammer transferring out the TRX deposited in Tronscan transaction history. [Object] [Object] [Object] How do those addresses look like? On Tronscan, you can see those addresses had authorized 'Owner Permission' and 'Active Permission' to another address, as shown [Object] [Object] [Object] Addresses we uncovered so far Seed phrase Addresses with USDT which scammer used to trick victims TW9TfLT2wb8Du4YMEkn9QxV6hRvnJvrPtH TXtWP5RLC5v6GVrQoymu6HnQypsv17GVhE TSz3WQZB966KanbncTmLpXRT9tpswTNdsd Scammer addresses which are used to collect all TRX scammed TN44wMeTV66dJZ8pcz4ywxXQDzonQ1BNSV TVCjNyCeP28AjLJW3Z7umN2Tc7FyzhLyAC This is not a new scam, it has been there since a few years yet it is still very active. What You Should Do ❌ DO NOT interact with suspicious messages claiming there are free crypto assets but need to deposit a small amount in prior to getting it. ❌ Always verify the authenticity of any crypto-related instructions, especially when unsolicited. ❌ Report any scam activity to the platform or exchange being used. Remember, if an offer sounds too good to be true, it probably is. Stay vigilant and protect your assets!
We have identified a fraudulent scheme making rounds, designed to trick users into transferring TRX in exchange for access to USDT. This scam has been featured in a video (linked below) showcasing the following deceitful process: The scammer deposits a small amount of USDT into a provided wallet address. They provide the seed phrase associated with that wallet address and telling victims that there are free USDT that has yet to be transferred out. The announcement was spread via various channels including Youtube and email. 👉 Link to the video demonstrating the scam: https://www.youtube.com/watch?v=j5JvQBQaZnQ Email: [Object] Victims will then try transfer TRX to the same address, claiming this is necessary to "release" the USDT, as TRX is required as transaction fee on Tron network. Once the TRX is deposited, victims will not be able to transfer the USDT nor the TRX out because the address has no owner permission. On the other hand, the scammers withdraw both the TRX and the deposited USDT, leaving the victim at a loss. You can find the traces our scammer transferring out the TRX deposited in Tronscan transaction history. [Object] [Object] [Object] How do those addresses look like? On Tronscan, you can see those addresses had authorized 'Owner Permission' and 'Active Permission' to another address, as shown [Object] [Object] [Object] Addresses we uncovered so far Seed phrase Addresses with USDT which scammer used to trick victims TW9TfLT2wb8Du4YMEkn9QxV6hRvnJvrPtH TXtWP5RLC5v6GVrQoymu6HnQypsv17GVhE TSz3WQZB966KanbncTmLpXRT9tpswTNdsd Scammer addresses which are used to collect all TRX scammed TN44wMeTV66dJZ8pcz4ywxXQDzonQ1BNSV TVCjNyCeP28AjLJW3Z7umN2Tc7FyzhLyAC This is not a new scam, it has been there since a few years yet it is still very active. What You Should Do ❌ DO NOT interact with suspicious messages claiming there are free crypto assets but need to deposit a small amount in prior to getting it. ❌ Always verify the authenticity of any crypto-related instructions, especially when unsolicited. ❌ Report any scam activity to the platform or exchange being used. Remember, if an offer sounds too good to be true, it probably is. Stay vigilant and protect your assets!

How to spot these addresses?

On Tronscan, you can see those addresses had authorized 'Owner Permission' and 'Active Permission' to another address, as shown

We have identified a fraudulent scheme making rounds, designed to trick users into transferring TRX in exchange for access to USDT. This scam has been featured in a video (linked below) showcasing the following deceitful process: The scammer deposits a small amount of USDT into a provided wallet address. They provide the seed phrase associated with that wallet address and telling victims that there are free USDT that has yet to be transferred out. The announcement was spread via various channels including Youtube and email. 👉 Link to the video demonstrating the scam: https://www.youtube.com/watch?v=j5JvQBQaZnQ Email: [Object] Victims will then try transfer TRX to the same address, claiming this is necessary to "release" the USDT, as TRX is required as transaction fee on Tron network. Once the TRX is deposited, victims will not be able to transfer the USDT nor the TRX out because the address has no owner permission. On the other hand, the scammers withdraw both the TRX and the deposited USDT, leaving the victim at a loss. You can find the traces our scammer transferring out the TRX deposited in Tronscan transaction history. [Object] [Object] [Object] How do those addresses look like? On Tronscan, you can see those addresses had authorized 'Owner Permission' and 'Active Permission' to another address, as shown [Object] [Object] [Object] Addresses we uncovered so far Seed phrase Addresses with USDT which scammer used to trick victims TW9TfLT2wb8Du4YMEkn9QxV6hRvnJvrPtH TXtWP5RLC5v6GVrQoymu6HnQypsv17GVhE TSz3WQZB966KanbncTmLpXRT9tpswTNdsd Scammer addresses which are used to collect all TRX scammed TN44wMeTV66dJZ8pcz4ywxXQDzonQ1BNSV TVCjNyCeP28AjLJW3Z7umN2Tc7FyzhLyAC This is not a new scam, it has been there since a few years yet it is still very active. What You Should Do ❌ DO NOT interact with suspicious messages claiming there are free crypto assets but need to deposit a small amount in prior to getting it. ❌ Always verify the authenticity of any crypto-related instructions, especially when unsolicited. ❌ Report any scam activity to the platform or exchange being used. Remember, if an offer sounds too good to be true, it probably is. Stay vigilant and protect your assets!
We have identified a fraudulent scheme making rounds, designed to trick users into transferring TRX in exchange for access to USDT. This scam has been featured in a video (linked below) showcasing the following deceitful process: The scammer deposits a small amount of USDT into a provided wallet address. They provide the seed phrase associated with that wallet address and telling victims that there are free USDT that has yet to be transferred out. The announcement was spread via various channels including Youtube and email. 👉 Link to the video demonstrating the scam: https://www.youtube.com/watch?v=j5JvQBQaZnQ Email: [Object] Victims will then try transfer TRX to the same address, claiming this is necessary to "release" the USDT, as TRX is required as transaction fee on Tron network. Once the TRX is deposited, victims will not be able to transfer the USDT nor the TRX out because the address has no owner permission. On the other hand, the scammers withdraw both the TRX and the deposited USDT, leaving the victim at a loss. You can find the traces our scammer transferring out the TRX deposited in Tronscan transaction history. [Object] [Object] [Object] How do those addresses look like? On Tronscan, you can see those addresses had authorized 'Owner Permission' and 'Active Permission' to another address, as shown [Object] [Object] [Object] Addresses we uncovered so far Seed phrase Addresses with USDT which scammer used to trick victims TW9TfLT2wb8Du4YMEkn9QxV6hRvnJvrPtH TXtWP5RLC5v6GVrQoymu6HnQypsv17GVhE TSz3WQZB966KanbncTmLpXRT9tpswTNdsd Scammer addresses which are used to collect all TRX scammed TN44wMeTV66dJZ8pcz4ywxXQDzonQ1BNSV TVCjNyCeP28AjLJW3Z7umN2Tc7FyzhLyAC This is not a new scam, it has been there since a few years yet it is still very active. What You Should Do ❌ DO NOT interact with suspicious messages claiming there are free crypto assets but need to deposit a small amount in prior to getting it. ❌ Always verify the authenticity of any crypto-related instructions, especially when unsolicited. ❌ Report any scam activity to the platform or exchange being used. Remember, if an offer sounds too good to be true, it probably is. Stay vigilant and protect your assets!
We have identified a fraudulent scheme making rounds, designed to trick users into transferring TRX in exchange for access to USDT. This scam has been featured in a video (linked below) showcasing the following deceitful process: The scammer deposits a small amount of USDT into a provided wallet address. They provide the seed phrase associated with that wallet address and telling victims that there are free USDT that has yet to be transferred out. The announcement was spread via various channels including Youtube and email. 👉 Link to the video demonstrating the scam: https://www.youtube.com/watch?v=j5JvQBQaZnQ Email: [Object] Victims will then try transfer TRX to the same address, claiming this is necessary to "release" the USDT, as TRX is required as transaction fee on Tron network. Once the TRX is deposited, victims will not be able to transfer the USDT nor the TRX out because the address has no owner permission. On the other hand, the scammers withdraw both the TRX and the deposited USDT, leaving the victim at a loss. You can find the traces our scammer transferring out the TRX deposited in Tronscan transaction history. [Object] [Object] [Object] How do those addresses look like? On Tronscan, you can see those addresses had authorized 'Owner Permission' and 'Active Permission' to another address, as shown [Object] [Object] [Object] Addresses we uncovered so far Seed phrase Addresses with USDT which scammer used to trick victims TW9TfLT2wb8Du4YMEkn9QxV6hRvnJvrPtH TXtWP5RLC5v6GVrQoymu6HnQypsv17GVhE TSz3WQZB966KanbncTmLpXRT9tpswTNdsd Scammer addresses which are used to collect all TRX scammed TN44wMeTV66dJZ8pcz4ywxXQDzonQ1BNSV TVCjNyCeP28AjLJW3Z7umN2Tc7FyzhLyAC This is not a new scam, it has been there since a few years yet it is still very active. What You Should Do ❌ DO NOT interact with suspicious messages claiming there are free crypto assets but need to deposit a small amount in prior to getting it. ❌ Always verify the authenticity of any crypto-related instructions, especially when unsolicited. ❌ Report any scam activity to the platform or exchange being used. Remember, if an offer sounds too good to be true, it probably is. Stay vigilant and protect your assets!

Addresses we uncovered so far

Seed phrase

1. subway 2. survey 3. leisure 4. satoshi 5. chat 6. addict 7. model 8. assault 9. youth 10. capital 11. volume 12. indicate

Addresses with USDT which scammer used to trick victims

TW9TfLT2wb8Du4YMEkn9QxV6hRvnJvrPtH

TXtWP5RLC5v6GVrQoymu6HnQypsv17GVhE

TSz3WQZB966KanbncTmLpXRT9tpswTNdsd

Scammer addresses which are used to collect all TRX scammed

TN44wMeTV66dJZ8pcz4ywxXQDzonQ1BNSV

TVCjNyCeP28AjLJW3Z7umN2Tc7FyzhLyAC


How to Avoid?

❌ DO NOT interact with suspicious messages claiming there are free crypto assets but need to deposit a small amount in prior to getting it.

❌ Always verify the authenticity of any crypto-related instructions, especially when unsolicited.

❌ Report any scam activity to the platform or exchange being used.

Remember, if an offer sounds too good to be true, it probably is. Stay vigilant and protect your assets!

Our stance

CoinsDo strongly condemns any fraudulent activity and reiterates its commitment to user security. As a non-custodial and decentralized platform, CoinsDo Wallet operates with the highest standards of transparency and user autonomy.

However, given the open and public nature of the app, we have limited control over how individuals choose to use it. Despite this, CoinsDo remains steadfast in protecting its users by raising awareness of scams, providing educational resources, and encouraging vigilance to safeguard digital assets.