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Topic: Crypto Scams now the second largest in the world (Read 1523 times)

legendary
Activity: 3206
Merit: 1213
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We've been experiencing the increase in usage of cryptocurrencies all around. Equivalent to that is the rise in the cryptocurrency scams around. Hong Kong falls for a 105% rise in the Crypto scams in the first quarter of the year 2022 compared to the year 2021. Among the 10613 attacks within January and June end 798 were cryptocurrency related.

Crypto Scams in 2022 - Hongkong
sr. member
Activity: 2268
Merit: 275
It can't be denied anymore that the very large marketcap of cryptocurrencies is the easiest way for fraudsters, the easiest thing that is usually done is to make a project especially now with $ 2000 so we can make BSC tokens with an unlimited amount, then make fake teams and whitepaper and open bounties then the opportunity to collect 10x is easier.
Easy access to create new projects is a weakness of this cryptocurrency so that it is exploited by irresponsible parties and causes the positive value of cryptocurrency to be tarnished. Not only that, those who didn't like cryptocurrencies from the start also used it to spread bad news. This is very detrimental I think for cryptocurrency users.
hero member
Activity: 2310
Merit: 532
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The cryptocurrency market is like the Wild West of  opportunities. There is massive potential for profits, but there is also a lot of risk. You need to be able to separate the legitimate projects from the scams. In 2018, the crypto scam market grabbed the second position for being the highest money making investment scam.
Those are the days when cryptocurrency got more exposure to the world. When something new exists, automatically it'll gain the attention. When the same is connected with money, this will interest more people towards it. In such a way large number of people got into cryptomarket. Some developed projects, scammed the people and ran away whereas projects that existed during the same time period are growing successfully.

During those time it is very hard to segregate legit projects, because majority of the users are new to the market and doesn't have much knowledge. Another thing the network isn't that regulated with series of audits to know the trustworthiness of projects. Now things have changed a lot, and still people are being scammed.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
Well, I think it's common knowledge that there are lots of scammers out there. not only crypto, even in real-world businesses too, in fact there are still very many businesses whose CEOs are running away with investors' money with a rugpull-like system, or even scams. That's why we're being pressured to pick really good projects, not shitcoins that many people expect to be cheap and then go to the moon, hoping that it will make them rich in no time. however, there is no guarantee that we will avoid project rugpull or scams. however, at least we choose a project or a good investment place to invest, which is trusted. it has less risk than others.
newbie
Activity: 3
Merit: 0
explicitcoinfx.com another explicitcoininvestment.com Smiley)
Another scam.
sr. member
Activity: 1526
Merit: 255
It can't be denied anymore that the very large marketcap of cryptocurrencies is the easiest way for fraudsters, the easiest thing that is usually done is to make a project especially now with $ 2000 so we can make BSC tokens with an unlimited amount, then make fake teams and whitepaper and open bounties then the opportunity to collect 10x is easier.
hero member
Activity: 1960
Merit: 547
Vave.com - Crypto Casino
I am disappointed with the project in crypto, many bounty projects cheat their members, they make sweet promises to members after their project is successful they are free from responsibility for making new regulations and there are projects that don't want to distribute their tokens because they are afraid to distribute tokens to bounty hunters the price of their tokens down.

That's why people always advise to invest in Bitcoin, Ethereum instead of greedy looking for big profit from shitcoins.

You should avoid participating in new projects without doing any research, cryptocurrency is an open and evolving environment so there is no way to prevent scams here.

The only way is to be fully equipped with knowledge and best of all to stay away from the temptations of new projects, focusing on Bitcoin and top altcoins.
sr. member
Activity: 1792
Merit: 255
Metamask wallet is cryptoscam !!!

I've been using Metamask for almost 4 years and haven't encountered any problems, and now Metamask continues to develop for the DEX platform so it's the most widely used, maybe when you use Metamask you're not careful when you click on a link so you get hacked and I often hear cases of Metamask being hacked.
full member
Activity: 1414
Merit: 101
Day by day crypto scams is increasing because it's getting popular day by day. And we know that in crypto scammers can easily steal funds from new users by stealing their private keys.So be aware from any kind of crypto scams like fake Metamask wallet link.
Stealing a key from someone is not easy unless you are careless and fill out a form such as an airdrop form in which the key is asked for a lot of people are fooled by filling out the form and they fill out the key and easily the assets are ignored by others so in my opinion don't be careless in fill out any form because the key is only you who knows if the key is not in someone else's hands then your assets are still safe.
newbie
Activity: 3
Merit: 0
Are scam:
explicitcoininvestment.com
oandobinary.com

I was invest 50$ in explicitcoininvestment, on Plan 1. A very small amount.
The withdraw didn't work !
Users like mollyMaria and and the rest, that appearing on the site with consistent withdraw are fiction.
Be Careful !
legendary
Activity: 2534
Merit: 1873
Leading Crypto Sports Betting & Casino Platform
This is the reason why you need to avoid shitcoins and pick only Bitcoin if you want to start to invest on crypto space. After 13 years created, Bitcoin never ever scam anyone until now.
People who know well crypto investment must follow what you stated. Unfortunately, many beginners who don't have enough knowledge of crypto, are interested in the promotion of those shitcoins on varied social media. Sweet promises from shitcoins armies, lead many amateurs to buy at a nonsense rate. They always said that investing in those shitcoins will make you rich quickly, investing in Bitcoin needs a lot of time to gain profits.  Cheesy


Because a lot of these people are hoping that their initial investments will increase many folds. This is why they want to invest in like pump and dump coins. But the risk is very high in this type of coin. If you want an assurance that your money won't disappear, better opt for bitcoin. These fraudsters are the reasons why noncrypto users have negative connotation when it comes to bitcoin or crypto. But for example, bitcoin itself is not a scam. It is the people who are using it to their own gain are scammers.

Where money is involved, the evil minded people will always be there to scam the innocent people.
Bitcoin and crypto is not a scam in themselves. People come out with attractive investment schemes and those scheme with unrealistic ROI tends to scam.  If you are cautious, you can be saved from many crypto scams.

In 2021 when everything related to NFT games was in full swing, there was a reckless YouTuber who was looking only for 100% scam projects, he said that those projects pay very well at the beginning, but in the short or medium term they become scam, and he took advantage of the early days to make and extract money, the worst thing is that he told how to do it, he taught how to do it and he really extracted the money, of course those who followed the video and his advice did it, those who did not have much knowledge and they did not know that it was like that because they lost, but such was the nerve of this that they took advantage of the same bugs of the scam projects, this was something that seemed crazy to me, however the NFTs changed many things, for many they lost almost everything and others Finally, they confirmed that the safe investment that does not fail is that of BTC, any other crypto can fall into default and never recover.
hero member
Activity: 3010
Merit: 629
Day by day crypto scams is increasing because it's getting popular day by day. And we know that in crypto scammers can easily steal funds from new users by stealing their private keys.So be aware from any kind of crypto scams like fake Metamask wallet link.
Easy if you're not careful on where to store your keys and not checking/verifying the sites that you're visiting, it could be a phishing sites, same goes for the wallet that you install. Since scams are everywhere its a must to be careful, otherwise it can really happen to easily steal your crypto.

The most easiest way to scam people is to create project and make it look like it's legit.
Thats quite common and still effective to scam people especially to newbies who are not taking time to do their own research. This is the reason why digging deeper is necessary if you dont want to end up in scam project.
full member
Activity: 378
Merit: 167
betfury
Day by day crypto scams is increasing because it's getting popular day by day. And we know that in crypto scammers can easily steal funds from new users by stealing their private keys.So be aware from any kind of crypto scams like fake Metamask wallet link.
you have to be careful. sometimes phishing domains are a little bit similar. especially if you connect your wallet, I'm talking about non-custodial wallets, it's also quite vulnerable if you forget to revoke permissions from sites / websites that you have browsed, one of which is Defi and a platform that supports wallet is connected.maybe you have experienced this bitterness? Or maybe you've heard some of your neighborhood experience the same thing?
experience is indeed more valuable and we learn to minimize mistakes in the past. For a more vigilant future in the cryptocurrencies world

note: save the phrase on paper or what you think is quite safe
hero member
Activity: 2716
Merit: 552
Day by day crypto scams is increasing because it's getting popular day by day. And we know that in crypto scammers can easily steal funds from new users by stealing their private keys.So be aware from any kind of crypto scams like fake Metamask wallet link.

Lol!
It's not easy to steal private keys when you're not stupid enough to position yourself into a scam and shady businesses.
If you're in crypto space atleast for a couple of years, you will know what kind of websites, emails, fake apps you're going to avoid to. And it's actually pretty simple to detect a fake app or a phishing website.

The most easiest way to scam people is to create project and make it look like it's legit.
member
Activity: 362
Merit: 12
Day by day crypto scams is increasing because it's getting popular day by day. And we know that in crypto scammers can easily steal funds from new users by stealing their private keys.So be aware from any kind of crypto scams like fake Metamask wallet link.
newbie
Activity: 5
Merit: 0
People are thieves.  This is not to say that you and I are thieves. People are terrorists.  This is not to say that you and I are terrorists. Yes there are more scams in cryptocurrency but this is not the whole crypto industry scam. If you are not careful, the scammer will make you his victim. You be careful.  And refrain from buying shitcoins. Then the scammer can't hurt you

I am new here but I am fully agree with this comments. There are bad and good people everywhere and they do their work accordingly. So for 2 or 3% we can not blame everybody. After covid situation and rescission we saw crypto are going ahead more effectively. So there would be some one who will try to take advantage shortly and they will make scams. But we have to careful from them so that we can move forwarded strongly.
member
Activity: 481
Merit: 10
I am disappointed with the project in crypto, many bounty projects cheat their members, they make sweet promises to members after their project is successful they are free from responsibility for making new regulations and there are projects that don't want to distribute their tokens because they are afraid to distribute tokens to bounty hunters the price of their tokens down.
legendary
Activity: 3094
Merit: 1127
Metamask wallet is cryptoscam !!!
How you do say so? No its not..It is just that hackers/scammers are making use of those very common
method on luring you to input your seedphrase so basically its just human error and negligence.

Fake MetaMask Security Emails [Crypto Wallet Scam Alert]
MetaMask Warns Users of New Apple iCloud Phishing Scam

Just use your common sense and you would able to find out for yourself to be saved on possible scam attempts.
member
Activity: 873
Merit: 22
$$P2P BTC BRUTE.JOIN NOW ! https://uclck.me/SQPJk
Metamask wallet is cryptoscam !!!
legendary
Activity: 2338
Merit: 1079
zknodes.org
Countries are getting into regulating cryptocurrency usage to keep the public on the safer side. ~snip~
Yes, the state can only regulate to that extent. It reduces anxiety a little but will not eliminate scamers. Even though they made a legal institution I think the fraud case will still be done. The crypto industry is constantly evolving and bad guys are taking advantage of this weakness. They take advantage of the popularity of crypto. I wouldn't be surprised because I knew crypto around 2013, at that time there were already scams though not as many as now. The crypto market with a very large circulation of money is certainly a target for criminals looking for money.
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