Fake transaction simulation sites create false crypto deposits to deceive victims. Discover their tactics and key signs to avoid falling for these scams.
Fake transaction simulation is yet another wallet-draining threat to unsuspecting crypto users. Also known as transaction simulation spoofing, scammers create the illusion of a successful cryptocurrency transaction without carrying out actual blockchain transfers.
Scammers use fake transaction simulators to deceive victims by presenting fake transactions that never reach the blockchain. To make a fraudulent act appear real, simulators modify wallet interfaces and generate deceptive notifications and fabricated transaction histories. Simulators can be in the shape of websites, malicious browser extensions, bots, mobile apps or smart contracts.
