Crypto scammers sometimes pose as or claim endorsements from celebrities, businesspeople, or influencers to capture the attention of potential targets. Sometimes, this involves selling phantom cryptocurrencies that don't exist to novice investors. These scams can be sophisticated, involving glossy websit...
Cryptocurrency scams are somewhat unique because of the emerging nature of the industry.Blockchain technology is so newand complex that many people don’t understand it well enough to protect themselves from scammers. Furthermore, blockchain transactions are perceived as anonymous, making crypto even ...
Cryptocurrency scams: 8 crypto cons to avoid Stay informed and be alert. PrintCiteShare Written byAllie Grace GarnettFact-checked byKarl Montevirgen Crypto investments can be an opportunity, but watch out for traps. © rdaniluk/stock.adobe.com If you’ve heard about cryptocurrency, then you’...
How to avoid Cash App scams The best ways to avoid Cash App scams are by staying alert and knowing what to look for. But even with your best intentions, a hacker may find a new way to slipmalwareon your phone through a Cash App scam — always make sure you have a qualityfree anti...
We'll go through each of these important questions in detail below, to make sure you have the information you need to avoid forex scams.1. Is the broker regulated?Unregulated brokers do not have to report to a governing body. If an unregulated broker scams you in any way, whether it be...
Scams and fraud Crypto, once stolen, can easily be moved around with little success in the owner or the law enforcement tracking it. That is because, unlike other forms of digital payments, value in crypto is delinked from real-life identity. This makes it attractive to scammers and remote...
Avoid Public Wi-Fi Networks Public Wi-Finetworks are a popular target for those who want to mine cryptocurrency on the bitcoin blockchain using other people’s devices. Because the connections are not secure, it is relatively easy for a hacker to gain access to a user’s computer and instal...
It's also a good idea to avoid logging in to your cryptocurrency exchange unless you are sure you are on the correct site. Save the link to your favorites, or type in the URL directly yourself rather than clicking on a link sent to you by someone else. ...
Cryptocurrency scams take many forms. Just as financial criminals will try to steal money from your bank account or put fraudulent charges on your credit card, crypto scammers will do anything to take your crypto. To protect your crypto assets, it helps to know when and how you’re being ...
There are many other investment scams as well as additional varieties of the schemes mentioned above. Next, find out how to avoid falling prey to a shady investment advisor. Protecting Yourself Vet and verify the financial advisor's background. Find out if the advisor has received any disciplina...