Common Cryptocurrency Scams and How to Avoid Them

Ryker1

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Eloncoin.org - Mars, here we come!

Quote from: online73 on April 27, 2020, 01:51:27 PM

[snip]
Hello everybody. Fraud has existed since the advent of mankind -

Well, that is correct. Scamming is the modern version of robbery, back in the old days when there is no internet yet robbers do it manually like they will point a knife or a gun to their victim but most of those robbers have no idea how much do you have or how much they can get from you. Nowadays where people are using online transactions to avoid bringing fiat money and be more prone to robbery they think that this might be the best solution. Indeed, because of this idea, --criminals tend to do robbery online because it is safer for them because they can easily hide their identity. Being wise is the best tool to avoid scammers and people who do phishing you may do precaution before investing online like do research or background check to find out if you can trust the site. It may appear that those fake sites or apps are real but there are things that may make the site doubtful like the links or the promises they are giving. Remember investment will not give you an assurance of profit nor any returns but still, it is luck and your judgment is the most important when dealing online.

online73

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Ecowatt.io

Hello everybody. Fraud has existed since the advent of mankind - it is inherent in nature. Someone dampens the desire to cheat, someone becomes a talented fraudster and lives perfectly due to our lack of attention and sloppiness. Any person at least once became a victim of a scammer. I am firmly convinced that any of us will not make a mistake on at least one fraudulent situation, it is unlikely that he would think that he is a potential victim of a fraud. The cryptocurrency world is no exception. There is generally a huge field for a fraudster, since all operations take place in absentia. No matter how many rules you write, how not to become a victim of a scammer, people make amazing mistakes with the same persistence. But, at least once a cheated person, next time he will think several times - what to do in order not to become a victim of a scammer. Therefore, you just need to relax and have fun, because we are already private owners of the cryptocurrency community, whose role the most ossified fraudsters from the government are trying to silence.

thesmallgod

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Scammers are becoming wiser day by day and always look for a way to outsmart a lot of people. Just a few weeks ago, I came across a scam giveaway that claimed to be from elon musk on twitter. The scammer claim to double anybody coin if they deposited to a particular BTC and ETH address. At first I thought people are smart and no one will fall for this but to my surprise, when I checked the addresses, I saw that people have started sending BTC and ETH to the addresses Grin

Reid

hero member

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Just quoting the list which I had already experienced.

Quote from: KrisAlex18 on April 26, 2020, 09:26:01 AM

4. Scamming Emails

My first battle.
I have a lot of e-mails that are now in my spam folder.
But, it is really difficult to keep up and clean them up. So I just created a new one.

Quote from: KrisAlex18 on April 26, 2020, 09:26:01 AM

If you receive message like this, do not entertain them:

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*Someone you don’t know sends you a message out of the blue about a virtual currency investment opportunity.

- Do not believe to strangers, do not believe if he messages you out of nowhere and asking you to join some currency investment because most of the time scammers use investments websites to scam people, they will ask you to put some of your money and will promise to give you something in return then nothing happens.

This was my second one. Luckily, I am not that fool enough to just believe what they will tell.
My experience is, I was looking for help in one ICO which was just finished.
Suddenly 3 people popped out making a conversation on how I will do it.
Unknown people who are not even administrators of the ICO.

Quote from: KrisAlex18 on April 26, 2020, 09:26:01 AM

1. Imposter websites

This was the last of my experience. I could say they are professional in doing it.
Maybe they did practice making websites but just used it for scams or stealing from people.

Wishing I will not experience the others on the list.

KrisAlex18

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Merit: 160

Quote from: maydna on April 26, 2020, 10:17:57 AM

As long as you can always be careful while you use the internet, you can avoid the scammers because you know that not all information will be true, and you need to search for more details to know the real story. Sometimes the scammers and the hackers will try to send you email, text messages, or even they will call you to give an offer or warn you about something. If you didn't do it, you can skip or delete their email and don't even think to try to follow what they want because that will makes you get scam.

Great said, so always be careful when doing some things online because if you did not you may be scammed by scammers, there are instances that because of the greediness of the people they tend to visit some sites, or they tend to do some other things withouth thinking the consequence, they don't realize that they have visited a fake websites but he already have his information and the hackers and scammers can use yoyr information for some purposes.

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The list that you give is a trick from the scammers that are trying to scam you, but you don't have to worry with them because they will not succeed to trick you if you know how to avoid it.

The information that you are going to give to strangers can be the way for them to access some of your accounts and maybe they can do it as an identity theft so always be careful.

chip1994

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HEX: Longer pays better

These are four ways hackers can access your computer and steal your information and money. But to avoid all the other tricks, we should be aware of making money. Making money quickly and much will not be a right idea because money is never easy to earn. The guys who make hot offers to you are usually scammers and be careful of hot invitations. Make money with bounty and airdrop, which will be a low income but stable and safe. And of course, you still have to select the projects to get them paid, there are still many scam projects in Bounty.

The Cryptovator

legendary

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Signature Space For Rent

Scams and greed are related each other. Most advantage for scammer is irreversible behaviour, that's why scammers could skip very easily. Often I have been seeing on some social media that scammers still promote some hyip or bitcoin doubling program. Every new days scammers finding out new technology to scam us. Once a time ICO scams was most common way to scam innocent investors but seems it's time to overcome from this issue. We might avoid most of scam just by increase our knowledge about crypto currency and don't be greedy. Most of accusation we have seen they fall into scam due to greed behavior. So we must need increase awareness about scammers.

Serious475

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Quote from: Eugenar on April 27, 2020, 04:11:04 AM

Nice post, it would be really a great help for all the members in this forum especially for those beginners out there because as we all know hackers know that beginners are the easiest victim they can have because there are naive about crypto world.

There are so many hacking and scamming happen online because of those bad people who always want to make money by an easy thing which is stealing it from others. They are so professional when doing it because they have learned it for so many years. So even those professionals can also be hacked especially if they face professional hackers.

Yes, The post is very nice because it is helpful for the beginners in bitcoin and other cryptocurrencies. I hope that they will not be targeted by scammers because the cryptocurrency is havung a bad reputation because of scammers and hackers and I think tbat is the reason why other people dont want to use cryptocurrencies.

Eugenar

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Nice post, it would be really a great help for all the members in this forum especially for those beginners out there because as we all know hackers know that beginners are the easiest victim they can have because there are naive about crypto world.

There are so many hacking and scamming happen online because of those bad people who always want to make money by an easy thing which is stealing it from others. They are so professional when doing it because they have learned it for so many years. So even those professionals can also be hacked especially if they face professional hackers.

KrisAlex18

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Quote from: Wexnident on April 26, 2020, 09:56:43 AM

It's literally easy to see scams tbh. If the opposite party asks you to "give" them money and wait for a month to see the "returns" of your investment, that's already a red flag. Even indulging on the idea of "earning" money just by doing something like referrals is already a red flag for me imo. I avidly avoid such situations especially if the opposite party was someone I met over the internet. Also for impostor websites, you can try looking up the url links in simplywhois.com to test for information about the site. Really helpful in identifying those scam sites that were just made to scam others.

Well, identifying wheter it is scam or not is really basic to those who already experienced about it or those people who have so many experience about crypto world, they are so hard to scam because they knoe much about crypto and they can say whether you are saying true or not.
But for those beginners out there who are new from this forum, they cannot easily say if the website is legit or not so this post can be guide for then to know about it.

Quote from: BitcoinsGreat on April 26, 2020, 11:20:13 AM

We have to be extra careful when using out bitcoins on the internet. There are a lot of phishing sites and other method which are used to trap the newbies and even the experienced into their trap.
If someone asks you for an investment and promise for a lot of return, be careful not to trust anyone blindly.

Well said mate, beginners are really used in fake websites or some pishing acivitt of the hackers because they know that beginners are lack of knowledge. So always be careful when vising some other sites especially if it iss not secured.

maxreish

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Activity: 1330

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I remembered one particular local exchange (probably a fake group using that exchange's name)that I am using who got my profile pic on facebook and then posted it claiming I won something big in their giveaways. So much ideas that they are creating just to encourage everyone and make them belief in scam things.

Scammers always had a flowery words, offering high rewards, showing some fake incomes just to make others fall for it. Before deciding to join any of those suspicious activities, always have a second thought and find some feedbacks (whether good or bad) will be a good way to spot it's legitimacy.

KrisAlex18

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Merit: 160

Quote from: ampere on April 26, 2020, 09:38:47 AM

This is a good highlight as regard crypto currency scam across the universe.
But there is always a single solution, do your own research.

Great said mate, we all should be familiar to all of the hackers and scammers online because there are so many ways for them to use just to hack some accounts at steal your money so always be careful when doing some stuffs online, be vigilant and be wise enough to know if the things are not going well, or the website you have visited is not that familiar.
Always make a research when trying some websites, there are always reviews for every website we can see online.

Quote

If you see an exciting offer, promising huge $, dyor and check for official sources, that's the fastest eay to debunk scams.
Avoid freebies, and do not click any activation link on your email.

Exciting offering is one of the ways of the scammers and hackers to pursuade you on trying slme websites, example of that is the investments websites, they will offer you a good return but as time goes by nothing happens.

Little Mouse

legendary

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Marketing Campaign Manager |Telegram ID- @LT_Mouse

Would be better if you had posted it in the Help and Beginner's board.
Phishing websites are a very common method of scamming people. It has been a popular way. Anyway, you did not mention another most popular way, giveaway scam which is the most risky and effective scam method for newbie people in the crypto space.

meanwords

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Merit: 163

In general, do not be greedy and always research about the credibility of the said project because I was scammed once from one of the listed above. That "Fake Mobile Apps" really hit me hard because that is how I met Bitcoin. They make you watch ads (a lot of them) and never pay even if you reached the threshold. That's how I learn about cryptocurrency and how not everything in it is legit.

By the way, those scams also happens in messaging apps like telegram and discord so I think you should add that.

ChiBitCTy

legendary

Activity: 2282

Merit: 3014

One scam that's come my way of late is from data breaches. They were blackmailing emails, saying that they've got me on video while browsing through "videos" that would be embarrassing for me if my all my contacts were to become aware of it. They said they've got something like the last 186 days of recording, and that if I don't pay up in BITCOIN to a certain address within 24 hours, they would send out the videos to all contacts. They go on to explain how to buy bitcoin if I don't already know. First off, I keep covers over all my video cameras, so that would never be possible to be recorded, second of all, it would be obvious I know how to buy bitcoin if they had truly hacked me. Just one more to watch out for and not be fooled by..

Twentyonepaylots

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Activity: 1876

Merit: 370

Just don't entertain any thing that is none of your business unless it is going mainstream, what do I mean by this? like scam emails, if you found out that there is email being sent to every one and they know it is a scam you should delete it right away to avoid any clicks/press on the link they have provided in attachment, don't you ever try to sleep it in your mail. I've been always pretty much wary of these things, scams and frauds, it is scattered every where in every field. What's in right now is identity cloning to get rid of your bank accounts, maybe because people are in panic right now and cannot keep up thinking if the texts are legit or not so they can easily be baited.

Review Master

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BitByte Crypto: https://link3.to/bitbytecrypto

Quote from: KrisAlex18 on April 26, 2020, 09:26:01 AM

3. Bad Tweets and Other Social Media Updates - if you are following a famous person, you should make sure that it is his or her legit account because there are times that they will offer something and because of being fame people are tend to believe.

In these point, everyone always should not always listen to the famous people or influncers because sometime those influncers/famous people just promote many pump-dump coins for some money. So, everyone should cross-check everythings before believing/investing what was promoting by the influencers/famous people. Also there is an new ponzi scheme named Superone (SRX Token) which is running and promoted by some so called network marketers/youtubers. So all the cryptolovers don't join in that ponzi schemes. Always stay away from that type of ponzi scheme.

bL4nkcode

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Limited in number. Limitless in potential.

Those kinds of scams fall under social engineering category and its the most commonly used whether it's cryptocurrency-related or not.

Yes, they are common and easy to find yet there are still lots of people get hacked. Why? They are too lazy to check and double-check the whats, how, wheres, and whys.

That's why it's really important to double or triple check before you hit the enter or the submit button.

plvbob0070

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Activity: 658

Merit: 402

Since it's a common scam, and like easier to do than other scams, it's also easier to differentiate whether it's a scam or not. We're always on our phones, tablet, laptops, or PC, and we are always on the internet and it's nothing new. You can always encounter that kind of scam activities that's why it makes it easy for us to know that it's just a scam. But of course, not everyone is aware of that. That's why even though it's an obvious scam, they still get fooled by it.

We should really be cautious when using the internet because it can be so powerful that if you get scammed, it can affect the victim's whole life. Before getting swayed over a single email, post, or message, promising you with money, make sure first that it's a legit one. Btw, it's still good that you shared this OP for everyone's awareness.

BitcoinsGreat

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We have to be extra careful when using out bitcoins on the internet. There are a lot of phishing sites and other method which are used to trap the newbies and even the experienced into their trap.
If someone asks you for an investment and promise for a lot of return, be careful not to trust anyone blindly.

Topic: Common Cryptocurrency Scams and How to Avoid Them (Read 319 times)