Methods that fraudsters use to scam people - page 6.

joseyphil82

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Quote from: bitcoinst on February 23, 2020, 08:47:07 AM

In the next branch, the man sent 7 Ethereums to the scammer's wallet in the hope of getting 21 back.
That is, fraudsters do not even need to invent complex algorithms and schemes because it is enough to simply offer the opportunity to receive free money in exchange for yours.

To be honest, I don’t understand what drives people when they bite with the free distribution of money.

Those who get scammed are the greedy ones, they are just like the scammers who scammed them so I can say they get what they deserve, greedy people will always be hunted

luckyflop

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Quote from: desertfox470 on February 23, 2020, 09:31:29 AM

Adding more to the list:
- Bounty Programs that will ask for KYC
- Airdrops that asks for KYC
- Ponzi Schemes or Pyramid Schemes
- Asking for Private key, the target are the newbies

That's some things that I know but I know there's a lot of methods that the fraudsters uses to scam people but we don't know all of them since they keep improving and improving as well and we're going to know it once we have been scammed already. Let's just be careful for every transactions we're going to do.

You can KYC or not KYC depending on your decision. No one can force you to do so, if you are afraid your information will be exposed outside, then it is best not to join bounty. When they launched bounty, they made specific announcements and rules, so don't make the same conclusion.

BitcoinPanther

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Activity: 1918

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These things are all possible especially the third one. I have worked in a company that gather data through electrical signal. That's the reason why I am really convinced that there are gadgets that can inject or penetrate malwares.

What we need to do is to be very careful on whatever we do online or offline. I guess we should be vigilant on our possessions because the culprits may get your information especially private keys.

fuer44

sr. member

Activity: 1652

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for point numbers 1 and 2, I've already got it and I already know about it so I can anticipate it. for point number 3, I just heard that public charging is quite dangerous too. whereas nowadays there are lots of places to hang out and there certainly provide a filling for the public. with this info, be more careful and by the way this is very helpful information.

desertfox470

sr. member

Activity: 542

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Adding more to the list:
- Bounty Programs that will ask for KYC
- Airdrops that asks for KYC
- Ponzi Schemes or Pyramid Schemes
- Asking for Private key, the target are the newbies

That's some things that I know but I know there's a lot of methods that the fraudsters uses to scam people but we don't know all of them since they keep improving and improving as well and we're going to know it once we have been scammed already. Let's just be careful for every transactions we're going to do.

shaheer001

full member

Activity: 1274

Merit: 100

besides these methods one common and most dangerous method is emails, Through Email the scammers offers you some incentives (I am talking only about currencies) and try to steal your private keys or passwords, The email looks like from original exchanges so be aware and must look for sender email and the website link.

bitcoinst

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In the next branch, the man sent 7 Ethereums to the scammer's wallet in the hope of getting 21 back.
That is, fraudsters do not even need to invent complex algorithms and schemes because it is enough to simply offer the opportunity to receive free money in exchange for yours.

To be honest, I don’t understand what drives people when they bite with the free distribution of money.

davinchi

legendary

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Merit: 1058

The most commons are ponzi and pyramid. However, there is the "last chance" one that is not really used insanely a lot by people but when used there is literally no way to stop it neither.

One person acting like he has something very valuable like a website they want to sell that is great or a crypto currency that they are capable of doing double spending and what not, trying to basically sell "anything" that looks valuable but in reality is not, would sell their product for cheap because they really really need the money but they can't sell it for a specific reason that makes sense on the face, yet the buyer (the person that gets scammed) would end up giving them the discounted money and will later sell themselves, if they end up buying it, they later realize the thing they bought actually doesn't worth anything.

ije07

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ignorance is based on limited knowledge, so one is easily fooled not only because of limited knowledge but for several other reasons. and it can't be denied that scamers always have ways to fool their victims, it's important for you or anyone to be more thorough before making a decision or taking part in the cryptoqurrency industry.

abeecrypto

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Yes, these are just few of the ways. Others have been mentioned by other forum members. The one that intrigues me is the not-so-obvious ‘public charging spot’. I have seen this in movies. Most of the cords used for charging devices have communication terminals too. So, while charging your device, it could be communicating with another device unknown to you. So, through such communication, your device could be infected with malware and all. Scary stuff!

isaac_clarke22

sr. member

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Does this also apply to exchange, because I heard that some exchange that aren't even known to public tend to freeze the deposits of their consumers and they'll be charged badly just to withdraw it? I think it should also be added to the OP, if it seems applicable.

lizarder

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public charging is new to me because previously I only knew about public wifi that can also be held as a means by hackers, but to avoid this maybe we can use the help of powerbank to avoid it because it seems quite terrible if the smartphone is exposed to malware because a lot of crypto users who use mobile wallet.

gensol

jr. member

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Phishing links are the easiest ways they target their unknowing preys. Imagine you're new to a platform example cryptocurrency and someone sends a link to your mail asking you to click and claim some free coins I'm sure many users will click.

LogitechMouse

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Quote from: Balladtony77 on February 04, 2020, 05:47:44 AM

1. KYC Fraud

This is the reason whenever I see projects or even programs or anything that has KYC, if there are some red flags into it then it is best for me not to share my personal information to them. This is a common way for scammers to scam people already and investors who are getting fall into this kind of way of scamming are the newbie investors only.

Quote from: Balladtony77 on February 04, 2020, 05:47:44 AM

2. Fake SMS
3. Public Charging Spots

These 2 things are kind of new for me but the I don't do the number 3. I don't charge in public place and I'd rather charge on a powerbank or will just charge in our home that to charge in public.
The number 2 is a more serious one since online shopping is very popular already. You can know too if the SMS came from a legit source already and the best way to prevent getting scammed? Just don't give any information to other people especially when they are asking online.

Kodaman

jr. member

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Here is a tip from me. Crypto teams never reach to their users thru Direct Message so who is writing you will definitely be a scammer and never believe them...

jessyj48

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be careful who you give your KYC details, this can be used in various crime activities online and it can all come down crumbling on your head, the most dangerous people on here are scam bounties from scammers that ask for your ID

yazher

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Quote from: Balladtony77 on February 04, 2020, 05:47:44 AM

Here are few methods that online scammers use to scam people till date due to lack of not knowing

1. KYC Fraud
Behold, Any body can just contact you claiming they are bank executives or customer service officer from your bank and asked you to share details to complete KYC, they will actually first tell you that your account isn't safe anymore, this have proven to works on innocent people most times.

This one is common, everyone has received text messages claiming that you have won a huge amount of money. When I am facing some error in some known crypto exchanges, I begin to post it on public chat. after that I received an email from someone claiming that He is one of the staff of that exchange, thankfully, with my little knowledge about the crypto industry, I've found out that he is a scammer and want to get all of my funds by helping me. He wants to access my account and get everything I have.

jrrsparkles

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These are all oldest methods used by scammers now they have been evolved as well along with technologies.Swim swapping is the one mostly used by the scammers to steal bank account and card of anyone who is not using their primary number with their bank details.

lienfaye

hero member

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Quote from: Balladtony77 on February 04, 2020, 05:47:44 AM

1. KYC Fraud

Behold, Any body can just contact you claiming they are bank executives or customer service officer from your bank and asked you to share details to complete KYC, they will actually first tell you that your account isn't safe anymore, this have proven to works on innocent people most times.

I experienced this before, someone emailed me using the name of the bank where I have an account saying my account need a verification so I have to send my personal information including my account details. Good thing I didnt bite their words and I called the bank to verify it, if I gave them my details probably I lost my money to scammer. Hence its a must to be careful and dont trust easily.

serjent05

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Quote from: bonyaserg on February 05, 2020, 05:20:10 AM

Personally, I believe that now the world of modern technologies and scammers have many ways to implement their plans. Basically, the victims of scammers are newcomers who are very trusting people and believe in the first way to make money. Very often people will trick the scammers out of ignorance, and scammers take advantage of this. So I want to advise everyone to be very careful in all business endeavors on the Internet.

Social media platforms also helped these scammers to steal identities and use them to scam people. With the use of the current technology, scammers are like a fisherman stumbled on a hugely populated school of fish. No matter how careful people are with their data, once a company's user database is breached or hacked (especially banks), they can do whatever they want on the user's account and gets all their sensitive data.

Topic: Methods that fraudsters use to scam people - page 6. (Read 966 times)