What is Typosquatting in Crypto?

Typosquatting is when scammers register fake domain names similar to popular crypto websites, aiming to deceive users

Typosquatting relies on users making typographical errors when entering website addresses

Scammers register domain names that resemble legitimate crypto platforms but contain subtle variations, such as misspelled or rearranged characters

Once a user accidentally visits a typosquatting website, scammers may employ various tactics to deceive them

These can include fake login pages, phishing forms, or malware distribution

The aim is to steal sensitive information, such as login credentials or private keys

To protect yourself from typosquatting attacks, it's essential to double-check the website addresses you visit

Employing security measures like two-factor authentication (2FA) and hardware wallets adds an extra layer of protection

These measures make it more difficult for scammers to gain unauthorized access to your accounts, even if you accidentally end up on a typosquatting site