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By Sam Cooling
Last Updated: May 6, 2025
A fake TradingView scam on YouTube is draining even the best crypto wallets, but a new Web3 wallet is already thief-proof – discover BEST.
Leading noncustodial Web3 wallet Best Wallet ($BEST) has officially raised $12 million in ICO funding. The milestone comes amid increasing wallet-targeted scams and a broader shift among crypto users toward self-custody and real utility as the market matures and centralized risks grow harder to ignore.
Recent reports of fake TradingView YouTube channels draining user wallets highlight how sophisticated these threats have become – and why secure, self-custodial tools like Best Wallet are more critical than ever.
Best Wallet offers a strong line of defense. Its self-custodial architecture keeps private keys in users’ hands, and its security-focused design helps protect against phishing, malware, and drainer exploits that continue to spread across the crypto landscape.
But security is only part of the appeal. Best Wallet also empowers users with a full suite of tools built for today’s market – from cross-chain swaps and fiat on-ramps to staking opportunities and an in-app screener for new projects.
Crossing the $12 million mark is more than just a funding milestone – it signals growing investor confidence in a trustworthy, well-equipped, and rapidly evolving platform that only launched last year.
The current presale round prices $BEST at $0.024985, with just 38 hours left before the next scheduled price increase. Could this be one of the final rounds before the presale concludes?
TradingView, arguably the most popular trading software in the crypto space, has become the latest target of a growing phishing scam involving fake YouTube channels impersonating the platform.
The scam is a classic phishing attack with a sophisticated twist.
These impersonator channels upload videos or host livestreams, directing viewers to download what’s claimed to be a “developer version” or “cracked version” of the TradingView application. In reality, the download link leads to a malicious script, often a Windows PowerShell command, which installs a Remote Access Trojan (RAT) on the victim’s device once executed.
The RAT grants attackers full unauthorized access, allowing them to steal sensitive data, including crypto wallet credentials, and ultimately drain user funds.
“The TradingView community has recently been targeted by a sophisticated wave of scams involving fake YouTube channels impersonating TradingView.” #TradingView #ransomware #malware #cybersecurity #cyberattack https://t.co/frZGKdWim2
— Rob Cheng (@chengrob) April 28, 2025
What makes the scam particularly deceptive is the use of deepfake personalities or paid actors to pitch the fake software, combined with the fact that these aren’t just random new channels. Many of them are hijacked YouTube channels with verified badges and large subscriber bases, making them appear entirely legitimate for unsuspecting users.
Multiple victims have already reported losing access to their wallets and crypto holdings due to the scam.
At its core, this incident is yet another reminder of the need for users to stay vigilant, verify official sources, and avoid downloading software from unverified links. But beyond user awareness, there’s also a growing need for wallets with built-in security architecture that can safeguard assets even in the face of evolving threats.
In today’s market, no wallet strikes a better balance between security and advanced features than Best Wallet—a platform designed not just for storage but also for optimizing every corner of a crypto portfolio.
Best Wallet is built with security at its core – not just for peace of mind, but for absolute protection in a market full of risks. It’s fully self-custodial, meaning users directly control their assets with no middlemen, KYC hurdles, or email-based attack vectors.
Best Wallet also integrates Fireblocks’ MPC-CMP technology, an advanced security method that splits private keys into multiple encrypted parts across separate parties, eliminating any single point of failure. This ensures that no single entity–not even Fireblocks–holds the complete key alone.
Best Wallet features built-in scam filters to guard against phishing contracts and malicious assets that automatically detect and hide suspicious or spam tokens – a function highlighted in multiple industry reviews.
Even fiat on-ramps are secured through trusted providers like MoonPay and Alchemy Pay, avoiding shady third-party redirects. Best Wallet delivers modern mobile protection with biometric login and optional two-factor authentication.
3 Tips to Keep Your Wallet Secure 🔐
1️⃣ Back up your wallet – Always store your recovery phrase or private key safely, preferably offline.
2️⃣ Beware of scams – No one from Best Wallet will ever DM you asking for your private keys. Stay alert.
3️⃣ Use strong security settings –… pic.twitter.com/Ix9NQuAyWQ
— Best Wallet (@BestWalletHQ) March 19, 2025
As crypto adoption accelerates, so do the attempts to exploit newcomers. The industry has seen a sharp rise in fraudulent activity, with scammers deploying more advanced and deceptive tactics to target users.
In 2024 alone, Americans reported over $9.3 billion in losses to crypto-related scams – a staggering 66% increase from the previous year.
FBI: Americans aged 60 and older reported losing almost $3 billion to crypto fraud last year. In total, Americans reported being scammed out of around $9.3 billion via crypto, out of a total $16.6 billion in total reported losses that year. pic.twitter.com/xupom9DeUn
— Molly White (@molly0xFFF) April 23, 2025
Phishing attacks were the most prevalent, echoing the fake TradingView YouTube channel scam method. These alone accounted for over $1 billion in losses across nearly 300 reported incidents.
Rug pulls have also become widespread, driven by the meme coin craze – a trend even some political figures have opportunistically tapped into. Meanwhile, fake wallet apps continue circulating across app stores, mimicking trusted platforms and tricking users into surrendering their keys and funds.
These aren’t just minor inconveniences – they directly threaten user confidence and broader adoption.
That’s why having a secure, self-custodial wallet like Best Wallet is critical. With protection built for today’s threats and a reputation for delivering safety and utility, Best Wallet gives users the confidence to trade, store, and explore the crypto space without second-guessing every click.
But beyond security, Best Wallet also delivers transactional capabilities that leave many incumbents behind. Its integration with over 300 decentralized protocols and over 30 cross-chain bridges ensures users get the best rates for their trades, all within a single app.
Using $BEST tokens unlocks further efficiency, reducing transaction fees and minimizing friction during on-chain activity.
On its roadmap, Best Wallet also plans to introduce gasless transactions and MEV protection—a hybrid feature that intersects security and execution. By shielding users from front-running and sandwich attacks, MEV protection ensures transactions are secure and fair, preventing stealthy value extraction by bots and validators.
Best Wallet’s rising popularity is also driven by its standout feature: the Upcoming Tokens screener – a discovery tool that scans the market, analyzes potential, and highlights new projects with substantial upside. It doesn’t just list tokens – it recommends optimal entry points to maximize returns when promising assets take off.
The screener already has a track record, having surfaced tokens like Pepe Unchained ($PEPU) and Catslap ($SLAP) early, which delivered massive returns of 700% and 7,000%, respectively.
With the $12 million milestone already in the books, all eyes are now on $13 million – a target well within reach. To join the presale and secure your share of $BEST tokens, head to the Best Wallet presale website, connect your wallet, and use the intuitive on-site widget.
Best Wallet users can also make purchases directly within the app using a bank card or by swapping crypto like ETH or USDT.
Best Wallet simplifies consolidation with seamless import features for users managing assets across different wallets. The app also supports multichain functionality, recently expanding beyond Ethereum to support Bitcoin, with Solana integration on the horizon.
$BEST tokens can be staked via the Best Wallet staking protocol, earning a 124% APY, which adjusts dynamically based on pool size.
New users can download Best Wallet now on Google Play or the Apple App Store.
Stay connected with the community on X, Telegram, and Discord.
Learn more by visiting Best Wallet.
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Sam Cooling is the Lead Editor at 99Bitcoins.com and is based in London, UK. Sam Cooling steers News Strategy and Written Content with our market-breaking news team, with over half a decade of experience in cryptocurrency journalism and crypto trading…. Read More
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TradingView Scam on YouTube Empties Wallets: New Web3 Wallet is Thief-Proof – 99Bitcoins
