Topic: Beware of Crypto Scams ! (Read 406 times)

Loved that last line lol. Not surprised that people are finding ways to contact that dude, like no one would give that literally away by any means.
Pretty sure he is not just ^Elon doing these kind of stuffs everyday.

I agree. Learning from your mistakes is quite a difficult experience, both psychologically and mentally and physically.
Losing something regularly, many may simply cool off and stop trying. The same thing has already happened to someone, and they have described how to prevent it from happening again.
A proverb states that the wise learn from the mistakes of others, while the foolish learn from their own.
Therefore, do not make yourself think of yourself as a self-confident fool who is confident only in his knowledge and neglects the advice of others. 

And please please, if you are new, check the scams and acusitions part of this forum. Members have been collecting data for years, don't let it go to waste. I know there's merit to leqrning on your own mistakes, but not everyrhing has to be tested on your own skin.

be aware that newbies or beginner in the forum is not a beginner in the brain and in cryptocurrency, because some people here have versatile Bitcoin knowledge compendium before coming to the community, but I think their smarter than a green snake, so therefore it's not a newbies that can be easily scammed, everyone is equal to the task and nobody is above victim of scam, even you can be scam with what you want or in need of.

there are no limits to what kind of phenomena there are on the internet.
I remember a few months ago, someone contacted me through Twitter asking for advice (he did not ask for money from me), how to contact Ellon Musk to ask for some donation from him. He needs money to renovate his house in Greece.
I just can imagine what offers and suggestions he ^Musk received every day.

Pretty sure that many would attempt to have a contact with him through any means necessary. Imagine if his email address was leaked and thousands of scammers and blackmailers would flood his inbox in a blink of an eye. In fact consider all the richest person following him like Jeff Bezos, though I am not sure if he holds a certain amount of Bitcoin.
I am also sure that these rich dudes don't really browse the internet that much to look for opportunities to earn even if it was legitimate. They'll just spend their time doing their stuffs or scrolling around Twitter.

Well, I appreciate your advice OP.
We should always be careful about crypto scams, they are everywhere waiting and looking at who will be their victim next. The word ^[FREE] is usually a common word that people prone to be scammed. It is something like a clickbait or a trap that once a newbie will try because upon reading there is a free, knowing the fact that it is a scam.

The content of the thread will help a lot for those who are new to this industry. They are easy to fool with someone else and I hope that they are here that can be fully oriented and are aware of the possible scams.

I agree that silence is always desirable but...
Everyone knows that Ellon Musk has a lot of money and hold a big amount in Bitcoin. he has stated this himself several times, even the statement that he paid a huge amount of taxes. What do you think, whether he is the target of scammers or blackmail?
or he's just not naive to believe in various free gains from strangers on the internet.

One of the worst things I've ever seen is that people don't care about their financial privacy. I found some people on facebook proud enough to share proof of their profit results in trading and investing. This is the worst choice ever made if you care about financial privacy.

Scammers will know a lot about these people and will launch an attack once all the data is collected. Blackmail and threats are one of the most common for this type of person, and I think it's something to avoid when you own crypto. Silence is much better if it's about how much money you have, your wealth is a private consumption that you shouldn't share on social media.

Obviously many newbie become the trapes of this kind of scams and loose your money with a mistake. Everywhere you have to see where scammer will contact you I. Personal message like what's app , telegram , in airdrops etc they have confens to you they will double your money but that is totally wrong they just steal your money or nothing

Let me correct that for you. Most unlisted ICO, IEO, or whatever the newest project trend is give out free coins in the form of airdrops. You don't see established coins do that. Are there official Bitcoin, Ethereum, Litecoin, Cardano, Solana giveaways that we should know about?   

Airdrops and giveaways are no longer free. They require you to perform certain social media tasks. They are represented as free but they are more of a bounty.

An airdrop can have a malicious smart contract that steals your valuable tokens from your address. It could be pointing to an address where you are asked to perform a verification, download an app, and similar things. One trick that is being used is that a fake MetaMask pops up asking you to update your MetaMask. If you do, you install malware on your device.

Another way to trick the user is when he attempts to swap the airdropped tokens for some other asset. MetaMask pops up asking to confirm the transaction. What it actually does is it asks your permission to transfer a different valuable asset from your account. If you aren't careful and don't check and verify everything (and many people are too lazy to do that), you might give the required permissions and have your tokens stolen.

Not to mention that people are still falling for the "enter your seed phrase in this form for whatever reason" type of scams. 

Yes it is very important to be careful because scammers are very where so you are have to know people you fellow to avoid been scamed.

See, different people have different dimensions of marketing structure or strategies to market their products, i might give my one (1) apple out for free and have the totality or aggregates of nine (9) left, while if i sum the apples both the one i gave out and the remaining i will realize ten dollars ($10) so for one to be dashed out for free i have to change the price of the apples for $1.2 each while the initial price was $1. in order to recover the one for free, i used this illustration because of your explanation with apple and it seems as ordinary transaction business... But in a situation whereby cryptocurrency is involved which is digital currency selling in such way might be tagged as a scam if your client notice.

Free airdrop isn't a scam but something free that's says high return or you will get your ROI in a short amount of time or a too good to be true offer if you invested is obviously a scam. Always think twice if someone offers you a free or an almost free coins do some research first there's nothing wrong with doing some research as long as you are educated since most of these days free coins aren't worthy anymore and you might be holding a tons of shit bag of coins.

That's not entirely accurate most (if not all) projects these days do give out freecoins every now and then for marketing purposes,and besides how is it scam if the airdrop is free aka no deposit is required to receive it ?

A great suggestion from you.Even as a bounty hunter I also saw how hackers are trying to steal assets.They try to hack private keys, Recovery Phrase and sometime they launch scam projects and force members to invest there. And sometime beginners start investing without any research.

Thanks For Sharing with us.Actually it's really important to know about the crypto scams and how to be safe from them.
Because In crypto you can lose all by being scammed.I already faced several scams like fake website and fake giveaways.

And we cannot know whether the project is legit or not. Except that the project has already exist and they give or provide some giveaway or free programs to get certain rewards.
I found some platforms or legit projects that also come with this kind of free programs to share and promote their platforms again. But you are true, nothing is free. At least they want you to do something based on T&C.
Once the T&C is suspicious and too good to be true, leave it because it is probably scam, moreover if they ask to deposit at first or send some certain amount of money to certain wallet.

Hype and FOMO.
And sadly, many newbies are trapped on these. let's see how they are working on this kind of scheme and then fall  into the project (fake or hype only projects)

Yes, on one of the largest exchanges in my country delisted some tokens in its market because it found that the token was used to find new buyers with pyramid schemes. They are proven to sell directly with buyers. Therefore the financial services authority institution in my country filed a delist on that token, This is nothing but to protect consumer losses. But so far, I don't know what the victims are. But it seems that dev has not provided clarification regarding this case. This issue was discussed on my local board.

You cant actually stop that but only prevent it by informing others of potential scams. How can you counter am anonymous people operate on a dark table that no one can even see or locate. These people are ready to do anything by not being caught. I'm sure some of here are doing it but we don't know who and just operating behind the scenes. I'm not pointing out but there is a chance that some or plenty of that doing here without us knowing so we can only advise newbie by reporting this kind of scams on appropriate places.