Topic: Some cryptocurrency scam to avoid. - page 2. (Read 283 times)

Mix of these two.
I encounter it a lot in Facebook especially in crypto news pages. Either they are claiming to be a legitimate page of the news, but you will see that they zero likes/followers or a randomized name with an obvious stock photo. They are claiming that they are full-time trader in their bio and most of them would like you to contact them through WhatsApp.
Sad that Facebook does not give a crap from my hundreds of reports to those fake profiles/pages even if I requested a re-review of my report again.

You missed to add one of the most dangerous scams where YouTube channels and VerifiedTwitter accouts offering 2× return on a fixed deposit amount.And many users losing their funds in this trap.

Recently this type of scam happened and I made a thread about that incident.
Check here : https://bitcointalksearch.org/topic/scam-alert-bitcoinorg-website-hacked-and-offering-double-return-5361408

Some exchanges are also ghost exchanges, they will resemble the domain name of reputed exchanges, such exchanges are taken down, but some people might have been scammed before taken it down, we should visit the correct exchange link.

This is also one of the ways fake exchange scammers have deployed to scam people but also beyond fake exchanges to cloud mining and other forms of HYIP.

Over 12000 coins listed on Coinmarketcap while there are many more, but the marketcap of number 2000 and above are not encouraging while some will significantly dump to of no value, this is one of the potential means people lost a lot of money.

The commonest information demanded for is seed phrase, while many people are scammed like this. Seed phrase, passphrase, private keys should not be given to anyone but remain known to only you and you.

Phishing can also still be through website links, text messages and calls.

The email can even contain a link to a site to download malware, malware can monitor devices, reveal 2fa codes, uses computers to mine like cryptojacking malware that mines monero. Malware can be used to steal bitcoin and other crypto on users devices, malware can be used to controls someone device. Ransomware can even override your computer in a way hackers will demand for ransom, if important information is on your computer, you will have no option unless backup elsewhere.

The best is to download the app in the original site or the original site will direct you to app store. To make use of app store, make sure the app have over 500000 to 1 million downloads or more. Apps having 1000 downloads with good reveals on app stores are fake.

Ad scam, if not the most common: very common now, even google do not mind to receive money from scammers to place scam ad links on top of google sserach, possibly what people will first see after they search will be scam ad links.

Telegram scam, very important to mention, different type of telegram scam, like ICOs and airdrops scam on telegram, also impersonation scam on telegram and many more, people needs to be careful of telegram. Also other social media scams and even YouTube scams.

Pump and dump, pumping new coin to encourage others and later dumping it.

Avoiding sharing of personal information

Avoiding too real to be true offers

Avoid free giveaways (airdrops) many are scammed while some will collect personal information like emails which can be used in phishing attacks.

Another guide in the history of the forum. Hopefully, tbct_mt2 will add your theme to this collection as well.
Of course, a lot of time has passed since then, but the methods of fraud seem to remain the same.
I agree that new forum members need to be regularly reminded of the dangers of falling into the trap.
Well, if there is not enough guidance on this topic, this directory would be a good addition.


COLLECTION OF GUIDES ON IDENTIFY AND AVOID SCAM PROJECTS

Currently people are really looking for ways just to scam people which is very bad, scammers are coming up with new techniques or strategies on a daily basics, so whenever you come across thing's listed below you all have to be careful to avoid been scammed.

1. Fake exchange: Scammers will always convince you of a fake exchange. They will give you an exchange and will brainwash you into believing that you can buy bitcoin and other cryptocurrency at a very low price, but once you send your money to the exchange, you will not be able to withdraw it, so if you are making a transaction in any cryptocurrency exchange, make sure it is a reliable exchange that you know about.

2. Ponzi scheme: I believe this scam pattern is very popular right now. They will ask you to send your bitcoin or any coin, and they will say that after 24 hours or a few days, they will double your money, and you will not hear from them again. And I believe it works primarily on newbies who don't understand what cryptocurrency is all about; they believe it's just a place where you can quickly double your money or make money, so please be cautious and avoid all those types of people.

3. Scam coins: There are a lot of new coins entering the market right now, and the main purpose of creating the coin is to scam people. After the coin is created, the team or owner pumps the coin to encourage people to invest in the coin, and then they dump the coin on the investor. This is fairly common in the cryptocurrency market currently when a team dumps coin on investors, therefore you must be very careful if you invest in a coin and do your research thoroughly before investing.

4. Personification: This is another method used by scammers to steal money from people. For example, some may create accounts using a celebrity's name or a social media account using a project's name that is fake and use it to scam people by providing fake giveaways.

5. Black mailing: I believe you should be very cautious about who you share your personal data and videos with, which is mostly done on the internet. This is the process by which you are threatened to send a certain amount of bitcoin or other coins if he/she reveals the person's privacy online, so you should be very cautious about what you reveal to people online.

6. Phishing: phishing is another method used to defraud people of their money. They may send you an email and attach a website link to the email, instructing you to click the link, login, and fill out a form in which they will ask for sensitive information such as your username, password, and other sensitive information. So, in order to avoid this type of fraud, we must be very careful about the type of link you click and the information you enter.

7. Shelling: I believe that this is a type of scam that newcomers can easily fall victim to. This is the process of making heavy marketing on the internet and other places such as newspapers and many more. Shilling is done just to get people's attention, and I believe that coins that are not reliable are the most common coins that do this just to get people's attention, so if you are not mindful, you might think the project is really good and the team is hard working, and you won't know they are just trying to make heavy marketing just to get people's attention, and after investing in the type of coin, they just closedown with people's money. And there are still some good project that do shelling just make it popular so we just have to be very careful.

8: Fake Applications: There are a lot of scam applications on the internet now, and the difference between the real application and the fake one is very small. If you are not careful, you may end up downloading the wrong application and not knowing it. For example, I saw a wallet on the playstore, and I believe the project does not yet have an application, so I requested confirmation from the admin on Telegram which he told me they don't have a application yet, then I reported the app and have even reported two of those apps on Bitcointalk, so we must be very cautious about the type of application we download, and we must always ensure that it is from a reliable source.