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RE: Newcomers in the crypto industry face several challenges
There is another kind of scam. The scammers share the private key of a wallet claiming that there are funds. That wallets do have funds but not the Gas fee. And whenever the native token of the network is deposited there, It goes straight to the scammers through a bot. The newcomers are unaware of such different types of scams so they fall prey to it'
"You're right. It's a foolproof scam. Almost every newbie falls for it."