Typosquatting involves scammers registering phony domain names that closely resemble popular crypto websites, with the aim of misleading users
This fraudulent tactic capitalizes on users making typographical errors when inputting web addresses
Scammers secure domain names that mimic legitimate crypto platforms but incorporate subtle variations, such as misspelled or rearranged characters
Once a user inadvertently lands on a typosquatting website, scammers may employ various strategies to deceive them, including creating fake login pages, phishing forms, or distributing malware
Their ultimate goal is to pilfer sensitive information like login credentials or private keys
To safeguard yourself against typosquatting attacks, it's crucial to verify the website addresses you visit
Implementing security measures like two-factor authentication (2FA) and using hardware wallets adds an extra layer of protection