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...
Now this might seem obvious and easy at first, but it’s worth pointing out that scammers are a serious threat to crypto enthusiasts (especially as law enforcement around the world is still struggling to control the spread of this type of crime), particularly newcomers. Common scamming vectors...
Cryptocurrencyis a common target of Cash App scams since it’slargely anonymous and nearly impossible to recover. Scammers message you claiming huge returns if you invest a small amount of cryptocurrency, but you’ll never see any returns. Crypto scammers also use hacked social media accounts to...
connection, the scammer introduces the idea of making an investment and uses fake crypto platforms to demonstrate returns. The scammers may use legitimate sounding cryptocoins and platforms. Victims can invest and "see" strong returns online. In reality, their money is going directly to the ...
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...
honeypot waiting to be exploited. The amount of crypto stolen each year through crypto scams and hacks is on the rise, seeing a53% year-over-year increasein 2023. The alarming trend underscores why you must be aware of crypto scammers, and understand the dynamics of how crypto scams work....
Scam Calls, SMS, and Emails: Report the phone number to GTConnect (see numbers below) and forward such emails tocomplaints@gtbank.com Source: Guaranty Trust Bank Perfect Money/Payeer/Epay/Neteller:www.ituglobalfx.com.ng Share Share this post on ...
Again, they certainly think that the longer they wait to get help from an expert, the lower the chance of getting their money back. The scammers will be sure to stress all of these points in their messages to potential targets. “Crypto recovery scams say, “talk to an expert.” ...
You see, until Bitcoin was introduced, scammers had to overcome complicated barriers when they wanted someone to send them money. They needed to persuade people to wire them the money or send a check. This would require them to supply an address or a bank account, which could later easily...
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 ...