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Phantom Wallet Users Beware: Fake Update Pop-Ups Are Stealing Crypto

Key Takeaways

  • ​Crypto scammers use fake Phantom wallet pop-ups to steal users' recovery phrases and drain funds;
  • Legit Phantom wallet pop-ups allow resizing and show “chrome-extension” in the URL—fake ones do not;
  • Right-clicking can help spot scams—fraudulent sites often block this action to trick users.

Phantom Wallet Users Beware: Fake Update Pop-Ups Are Stealing Crypto

Crypto scammers are targeting Phantom wallet users with fake pop-ups designed to steal their private keys.

These fraudulent messages look like official update requests, which trick users into handing over sensitive information.

In a February 6 post on X, Scam Sniffer, a Web3 scam detection platform, warned that attackers were connecting to real Phantom wallets and displaying fake “update extension” requests.

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If a user approved the request, another prompt appeared, asking for their recovery phrase. Entering this phrase would give scammers full control of the wallet, which allows them to drain its funds.

To help users spot scams, Scam Sniffer suggested right-clicking on links before clicking. Fraudulent websites often disable right-clicking, while real Phantom pop-ups do not. Another key tip is checking the URLlegitimate Phantom pop-ups include “chrome-extension” in the address.

There are also differences in how the pop-ups behave. “Phantom’s pop-ups act like system windows: you can minimize, maximize, and resize them,” Scam Sniffer explained. Fake ones, however, remain fixed inside the browser tab, which makes them easy to recognize.

This was not the first warning. On January 31, Scam Sniffer reported that some malicious websites had been displaying pop-ups designed to mimic Phantom’s interface. These fake prompts asked users to enter their seed phrase, pretending it was needed for a connection request.

Meanwhile, Kaspersky Labs recently discovered malware hidden inside app development kits, targeting both Android and iOS users. What is it? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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