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- A scammer pretends to be a celebrity who can multiply any cryptocurrency you send them. But celebrities aren’t contacting you through social media. It’s a scammer. And if you click on an unexpected link they send or send cryptocurrency to a so-called celebrity’s QR code, that money will go straight to a scammer and it’ll be gone.
consumer.ftc.gov/articles/what-know-about-cryptocurrency-and-scamsWhat To Know About Cryptocurrency and Scams | Consumer Advice
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Oct 9, 2023 · Find out how crypto investment scams work, how to avoid them and what to do if you’re scammed.
Sep 1, 2023 · What exactly is happening on Facebook that leads to the prevalence of crypto scams? In this article, we delve into this issue, examining the current state of crypto advertisements on social...
- The classic giveaway scam. The common social media cryptocurrency scam follows a formula. The scammers mimic major brands and/or impersonate celebrities to promote giveaways that promise to double your money if you deposit bitcoin or other crypto assets into a designated wallet address.
- Fake verified accounts. Another common trick con artists use to steal crypto is to take advantage of the trust signals that social media platforms utilize, such as blue checkmarks on Twitter, which now can be bought through Twitter Blue for the low price of $8.
- Twitter reply scams. As mentioned above, hackers have a history of successfully breaking into Twitter accounts in order to increase the impact of their scams.
- Fraudulent YouTube live videos. One growing crypto scam on social media utilizes YouTube live videos. Researcher Satang Narang reported that in just one month YouTube Live giveaways defrauded $8.9 million out of investors.
Sep 19, 2022 · Crypto scams occur outside the system of regulated financial institutions and legal protection that safeguards consumers. And tracing the international networks of faceless criminals behind...
- Joshua Oliver
How To Avoid Cryptocurrency Scams. Scammers are always finding new ways to steal your money using cryptocurrency. To steer clear of a crypto con, here are some things to know. Only scammers demand payment in cryptocurrency.
Jan 18, 2023 · In this article we’ve rounded up the most common scams to explain what they are and how to identify them so you can protect your wealth. 1. Bitcoin scams. Bitcoin scams are nearly as old as ...
Mar 29, 2022 · Romance scams, investment scams, digital wallet hacks, pyramid schemes, ransomware attacks, and even digital art thefts—the methods may be different, but wherever you find a cybercrime victim,...
