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- A fraud is being conducted on Instagram under the name of Heart Wallet. It openly asks people to “sacrifice” their tokens by offering nothing in return.
- Richard Heart, founder of Hex and Pulse Chain, took this account to his Twitter handle to make everyone aware of this fraudulent act.
- Crypto scams are rising and as per some recent reports hackers have caused over $1.6 Billion of damage in DeFi sector alone so far this year.
Heart Wallet Making Users “Sacrifice”
A recent scam has taken over Instagram under the title Heart Wallet. It claims to be the final missing piece of puzzle of software to ecosystem of Richard Heart, founder of Pulse Chain and Hex.
Richard Heart took this fraud to Twitter in order to spread awareness among folks, so that they do not fall into the trap.
The fraudulent website openly asks folks to sacrifice their crypto, while offering nothing in return. It says that if people are sacrificing their crypto assets, they do not own it any more and will not get any profits.
Disclaimer of Heart Wallet says that folks must not expect any profit against the cryptocurrency they sacrifice. Now it is worth contemplating that if anyone is sacrificing their tokens, why aren’t there any rewards in return. It is not like burning the Shiba Inu tokens.
Website of this fake Heart Wallet contains a wallet address, which is where the folks will “sacrifice” their tokens. It is clear that if the users send their tokens to this address, the receiver is going to disappear as soon as his target is achieved.
The wallet contains a total of $22.49 worth of crypto assets at the time of this writing. Users are warned not to send their crypto assets to Heart Wallet, as they will eventually lose their tokens forever, with nothing in return.
Crypto Frauds Are Rising With The Growth Of Crypto Sector
Crypto sector is booming day by day and luring a myriad of users into this sector. With this, not just the users, but many hackers are being pulled into the space too, as they see a lot of opportunities to make some noise with their evilous intentions.
It is advised to every individual looking to make investments of any kind into this sector, please verify the authenticity of the project, and don’t go into it just because of greed regarding juicy profits, that’s where these hackers become strong.
Apart from this, developers need to constantly check for vulnerabilities, and fill the gaps before any attacker finds it.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
