Typosquatting involves registering domain names that are similar to popular cryptocurrency platforms but contain intentional misspellings or slight variations. This tactic is used to deceive users into visiting fraudulent websites. When unsuspecting individuals mistype a website’s address, they may land on a typosquatted site. These sites often mimic legitimate exchanges or wallets, leading users to enter sensitive information such as passwords and private keys. Cybercriminals can then steal these credentials or trick users into making fake transactions.To avoid falling victim to typosquatting, it’s essential to double-check URLs before entering personal information. Users should also bookmark trusted sites and use search engines to access platforms rather than relying on memory. Organizations can combat typosquatting by registering similar domain names and actively monitoring for possible misuse. Awareness is crucial, as falling for these schemes can result in significant financial losses.