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 ...
“Crypto recovery scams say, “talk to an expert.” Here is an example of what a fraudulent claim might tell a victim looking to recover their money. See how they promise to get your money back and even discourage people from contacting the police. ...
Types of scams Here are a few examples of the most common scams I’ve seen. Business services scam Someone on Spiceworks, a very cool and technical computer-related blog, needed help to determine if a proposed business deal was a scam. He and his wife run a small busi...
Crypto users proceed with caution.Crypto users are more likely to identify the right kind of verifying elements of a potential scam than non-crypto owners. For example, they are more likely to check their account information (49% vs 37%) to confirm the validity of digital communications. ...
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....
"Holders'' will appear. You can see all of the wallets that hold tokens and the liquidity pools there. Unfortunately, there are numerous combinations of items of which to be aware. The following are some of the red flags that you should know to protect against honeypot crypto scams: ...
the masked vigilante tracking down billions in crypto scams and thefts he just untangled a $243 million bitcoin theft, what may be the biggest-ever crypto heist to target a single victim. and he has never shown his face. andy greenberg trumpcoin launches with a whimper investors scooped up ...
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 ...
find the answers to. The cryptocurrency and ICO spaces offer tremendous opportunities for investors who have done their homework and are able to make sound investment decisions. They also feature pitfalls, which can lead to large amounts of money being lost due to scams, frauds, or even ...