I posted about this scam yesterday and asked what people thought. Some decent ideas came up but I think ChatGPT actually got it right. Here is my question to GPT followed by its answer.
My Question
Great analysis, thank you! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
GPT's Answer
You're right that this is a scam, and it's not just someone foolishly posting their seed phrase. The angle here is social engineering—they're trying to bait people into exposing their real seed phrases. Here’s how the scam works:
The Scam Angle - Fake Seed Phrase as a Lure
The scammer posts a fake seed phrase that looks real.
This tempts curious or naive users to try importing it into their wallet to see if they can steal the supposed funds.
Booby-Trapped Wallet
The fake seed phrase likely leads to an empty or scripted wallet.
When someone imports it, the wallet may have a smart contract or a malware script that monitors for outgoing transactions.
Stealing Real Seed Phrases
If a curious person tries to use the fake phrase and sees no funds, they might think, “Maybe I need to add my real seed phrase to access it.”
Some wallet software (or fake apps controlled by the scammers) will prompt the user to input their own seed phrase to "restore access"—thus handing over their actual wallet.
Once this happens, the scammer immediately drains their real wallet.
Redirecting to Fake Support or Phishing Sites
Some of these comments act as bait for victims to seek "help," leading them to fake support websites that will phish their credentials or ask them to "verify" their seed phrase.
Bottom Line
The whole point is to trick people into revealing their actual seed phrase by pretending to be an idiot who posted theirs. It’s a variation of "wallet draining" scams. Never import random seed phrases, and warn your viewers that anyone posting a seed phrase online is running a scam—always.
