2025-12-23 10:21:16

I have been playing with coins for nearly ten years, and I have watched all kinds of eyewash emerge and become sophisticated. Recently, I saw a wave of old but effective tricks gaining popularity again—tokens worth tens of thousands suddenly appearing in my wallet, and in a moment of excitement, I authorized them, but the money was gone in just a couple of days. This kind of thing traps a batch of people every year, and today I will completely expose this trap.

**How I was trapped step by step**

The first step is to cast the net. The eyewash throws custom Tokens in bulk to various Wallet addresses, displaying a high value on your Wallet interface, with each coin priced at 5000. It looks like winning a lottery. But in fact, most of these Tokens have contract addresses that are cobbled together, and there are no transaction records on the chain; they are just a product with three no's.

The second step is to set a trap. You want to sell these coins, and the system will prompt you to authorize the transaction. Many people think it's just a regular authorization, but that's not the case – once you confirm, the other party's contract can freely move all the assets in your wallet. Some people think they can just cancel the authorization if the transaction fails, but the other party's contract never intended for the transaction to succeed. At the moment of authorization, the control of your wallet is no longer yours.

The third step is harvesting. Once the authorization is done, the eyewash will use contract vulnerabilities to instantly transfer the mainstream coins like ETH and USDT from your Wallet. You can check anything on the blockchain, but everything is anonymous, so it's basically hopeless to try to recover the funds.

**Why even veterans can stumble**

Greed is the most deadly thing. Those who have been in the coin circle for a long time are more easily bound by FOMO emotions—suddenly dropping prices make them want to pick up some. Coupled with tight schedules and distractions, many people act without thinking it through.

ETH-0.42%

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SellTheBounce

· 12-23 10:46

After ten years, the old coin people still fall, which shows that the weaknesses of human nature always win. I have never touched an Airdrop coin; the principle of selling on a Rebound has saved me countless times. Greedy dumb buyers cycle every year, and historical experience tells me not to touch uncertain things.

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DAOdreamer

· 12-23 10:34

After being a sucker for ten years, I still can't escape this trap. The authorization process is really life-threatening. Every day, someone falls for it; FOMO feels great for a moment but ends up lying in the crematorium. Watching coins magically appear in the wallet makes one start to float, but as soon as authorization is given, everything disappears. This mindset is truly astonishing. What's the use of exposing these tricks? Greedy people always think they won't be the ones getting scammed. The key is not to casually click on authorizations; can't you take a moment to look at the contract address?

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AirdropHunterKing

· 12-23 10:26

Damn, it's this old trick again... I almost fell for it last year too, luckily I double-checked the contract Address and escaped a disaster.

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