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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 ...
- toby.bochan@coindesk.com
- Managing Editor, Web3 & Learn at Coindesk
- What Are Crypto Scams?
- How to Report Crypto Scams
- How to Avoid Crypto Scams
- How to Get Money Back from Crypto Scams
Crypto scams are like any other financial scam, except the scammers are after your crypto assets rather than your cash. Crypto scammers use many of the same tactics employed in other financial crimes, such as pump-and-dump scams that lure investors to purchase an asset with fake claims about its value or outright attempts to steal digital assets. T...
“Since a lot of the perpetrators of crypto scams are outside of the U.S., our law enforcement institutions can only do so much,” Cummings says. But you should still report any crimes. You can report crypto scams to the following places: 1. Federal Trade Commission 2. Securities and Exchange Commission(SEC) 3. Commodity Futures Trading Commission(CF...
Given the heightened risks with digital assets, prudence is essential. To avoid crypto scams, follow these tips: 1. Don’t respond to unsolicited contact.“No matter who contacts you from your crypto brokerage—or any financial institution, for that matter— the best practice is not to respond,” Cohn says. “Look up the official number for the instituti...
Getting your money back from crypto scams is tricky. “As transactions on a blockchain are immutable, the likelihood of getting your coins back is pretty low,” Leinweber says. That said, he still recommends reporting crimes to legal authorities. “When you report a scam, the government might track down the criminals and get your funds back for you,” ...
- Coryanne Hicks
Nov 7, 2022 · Cryptocurrency is especially attractive to scammers for three main reasons: a lack of centralized authority, irreversible transactions and the ability to be almost anonymous.
Oct 9, 2023 · Crypto investment scams are on the rise. In fact, reports to us about these scams have more than doubled since 2020, so it’s important to know what to look out for. Fraudsters tend to advertise on social media, often using images of celebrities to promote the fake investments.
Feb 5, 2024 · Crypto scams – what to look out for. Fraudsters are using cryptocurrency scams to lure investors desperate for high returns, banking giant Lloyds has warned. Here's how to spot and avoid...
Jan 4, 2024 · Cryptocurrency and Bitcoin scams can jeopardize your finances and put your identity at risk if you aren’t aware of the ways that people can try to take advantage. Keep reading to learn more about these scams and tips to avoid cryptocurrency fraud.
Mar 29, 2022 · Cryptocurrency scams are driving an online crime boom right now, including romance scams, investment scams, digital wallet hacks and more.
