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   What are crypto scams & how do they work?

   • Offers and requests might link to a professional-looking website or detail an “unmissable” investment opportunity. Scammers may ask for a direct crypto transfer and stop communicating once payment is received, while others might request you share the private keys used to secure your crypto wallet so they can access your account and empty it.

   Cryptocurrency Scams Explained - NerdWallet

   www.nerdwallet.com/article/investing/cryptocurrency-scams

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   Are cryptocurrencies a scam?

   • Only scammers demand payment in cryptocurrency. No legitimate business is going to demand you send cryptocurrency in advance – not to buy something, and not to protect your money. That’s always a scam. Only scammers will guarantee profits or big returns. Don’t trust people who promise you can quickly and easily make money in the crypto markets.

   What To Know About Cryptocurrency and Scams | Consumer Advice

   consumer.ftc.gov/articles/what-know-about-cryptocurrency-and-scams

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   What are crypto phishing scams?

   • Within the cryptocurrency industry, phishing scams target people using crypto software wallets. Specifically, scammers need a crypto wallet's private keys—a string of letters and numbers that act like a password and are required to access cryptocurrency. Phishing scams are the most common attacks on consumers.

   Cryptocurrency Scams: How to Spot, Report, and Avoid Them - Investop…

   www.investopedia.com/articles/forex/042315/beware-these-five-bitcoin-scams.asp

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   What are the most common crypto scams?

   • These scams can take several forms. One of the most common involves the scammer reaching out to users in crypto communities via social media or instant messaging, alleging to represent a certain platform (e.g., a crypto exchange, crypto mining enterprise, or new coin project).

   7 Common Crypto Scams and How to Avoid Them

   crypto.com/university/how-to-avoid-crypto-scams/

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   How to avoid a cryptocurrency scam?

   • Avoid social media hype: Scammers often use social media to advertise fraudulent cryptocurrency investment opportunities. Some also use images of celebrities — often without their consent — and high-profile people to “endorse” their company and make their investment seem legitimate.

   Cryptocurrency Scams Explained - NerdWallet

   www.nerdwallet.com/article/investing/cryptocurrency-scams

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   What happens if a cryptocurrency investor is scammed?

   • Once the investor reaches a certain point, the scammer locks the account and asks for taxes or fees. Once those are paid, they take the cryptocurrency and shut down the platform. In 2023, a reported $3.9 billion was lost to crypto investing fraud.

   Cryptocurrency Scams: How to Spot, Report, and Avoid Them - Investop…

   www.investopedia.com/articles/forex/042315/beware-these-five-bitcoin-scams.asp

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2. www.fca.org.uk › consumers › crypto-investment-scamsCrypto investment scams | FCA - Financial Conduct Authority

   www.fca.org.uk › consumers › crypto-investment-scams

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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.

3. www.coindesk.com › learn › 6-kinds-of-crypto-scams6 Kinds of Crypto Scams and How to Avoid Them - CoinDesk

   www.coindesk.com › learn › 6-kinds-of-crypto-scams

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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 ...

   • Email: toby.bochan@coindesk.com

   • Occupation: Managing Editor, Web3 & Learn at Coindesk

4. Top stories

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     MrBeast Accused of Massive Crypto Fraud

     Analyze This In an incredibly detailed new investigation, a group of digital sleuths have accused YouTuber Jimmy "MrBeast" Donaldson of getting crypto-rich from several scams ...

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     Crime reporter reveals the scam text messages that should be ignored

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     US crypto industry expects friendlier Washington, whoever wins White House

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   • Forbes

     The Alarming ‘Pig Butchering’ Cyber Scam Costing Victims Billions—Are You At Risk?

     A rapidly growing scam known as “pig butchering” has been targeting consumers, luring them into fake investment schemes through trusted online relationships. With scammers ...

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   • The Hill via Yahoo

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5. consumer.ftc.gov › articles › what-know-about-cryptoWhat To Know About Cryptocurrency and Scams | Consumer Advice

   consumer.ftc.gov › articles › what-know-about-crypto

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   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.

6. Videos

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     theconversation.com

     How cryptocurrency scams work

     31 Dec 2008

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     3 Crypto Scams YOU WILL Fall For & How To Avoid

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7. time.com › 6162350 › crypto-scams-online-crime-boomUnderstanding Crypto Scams and How to Outsmart Them | TIME

   time.com › 6162350 › crypto-scams-online-crime-boom

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   • Tracking Crypto
   • The Challenges of Recovering Money in Crypto Scams
   • Avoiding Crypto Scams

   Cryptocurrency scams, like the one that Vu fell for, are driving an online crime boom right now. 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, odds are good that crypto was involved. According to a repor...

   See full list on time.com

   Many people assume that cryptocurrency is so popular with criminals because tokens move anonymously. In practice, major digital currencies such as Bitcoin and Ether are actually very trackable. Every transaction is permanently recorded on a public blockchain—essentially a decentralized database. Although real names aren’t attached, criminals become...

   See full list on time.com

   In the meantime, crypto users will have to protect—and educate—themselves. “The naivety and ignorance of many people diving head-first in the crypto world is the biggest attraction to these scammers,” says one moderator of Reddit’s CryptoScams message board, which has seen an “exponential” rise in traffic over the past year. Con artists exploit the...

   See full list on time.com

8. www.investopedia.com › articles › forexCryptocurrency Scams: How to Spot, Report, and Avoid Them

   www.investopedia.com › articles › forex

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   • Exchange and Wallet Hacks. Previously, cryptocurrency exchanges were the main sources of crypto wealth for hackers. Now, hackers have directed their attention to other areas, such as online crypto wallets, as well.
   • Social Media Scams. Social media has become a powerful force in mainstream society. Its rise has paralleled Bitcoin’s increased visibility in the media. And so, it is not surprising that hackers are using social media's reach to target Bitcoin holders.
   • Social Engineering Scams. Social engineering scams are scams in which hackers use psychological manipulation and deceit to gain control of vital information relating to user accounts.
   • ICO Scams. ICO scams proliferated at the height of cryptocurrency mania in 2017 and 2018. After an intense SEC crackdown, the frequency of such scams has decreased.

9. crypto.com › university › how-to-avoid-crypto-scams7 Common Crypto Scams and How to Avoid Them

   crypto.com › university › how-to-avoid-crypto-scams

   • Cached

   Sep 4, 2022 · In this article, we discuss seven common scams, how they work, and precautionary measures you can take to protect yourself. Key Takeaways: Investment/‘Get Rich Quick’ scams can involve messaging victims on social media with free crypto advice; Phishing scams reach a user’s inbox with malicious links

10. www.nerdwallet.com › cryptocurrency-scamsCryptocurrency Scams Explained - NerdWallet

    www.nerdwallet.com › cryptocurrency-scams

    • Cached

    Nov 7, 2022 · Here are the most common crypto scams, how to avoid them, and what to do if you’ve been scammed.