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Typosquatting in Crypto: What Does It Mean?

  • Typosquatting in crypto is when scammers create fake websites that look like real crypto platforms but with minor spelling mistakes in their web addresses.
  • These fake websites trick people into sharing sensitive information, like passwords or private keys, which can lead to loss of money and security risks.
  • Scammers use different tricks to carry out typosquatting, including registering fake domains, phishing attacks, fake crypto wallets and tokens, and mimicking legit websites.
  • To protect yourself from typosquatting, always check website URLs carefully, bookmark important websites, use security features, register similar domains, and report suspicious sites.

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