Crypto scams come in all shapes and sizes, from phishing emails to rug pull projects; the crypto industry is familiar with costly swindles. As time passes, scammers become more sophisticated. Nowadays, there are too many scams to keep count.
However, this article will share the foundational principles to help steer clear of the most common crypto scams.
If it walks like a duck and quacks like a duck, then it just may be a duck. The same goes for crypto scams. Your hard-earned capital is at stake whenever you hit that ‘approve contract’ button or pull the trigger on that new small-cap coin.
In this regard, it is better to be safe and walk away rather than risk it if you sense a scam. Other opportunities will come, but you could lose your crypto forever.
Therefore, if just one of the other principles in this article is true, it is best to avoid whatever you are considering doing at all costs.
A pump and dump scheme is a form of rug pull worth a special mention due to the frequency with which they occur. The crypto community is highly connected and highly digitised.
There are popular influencers in the space who can single-handedly cause the price of a coin to rise billions in market cap from one tweet. Recently, Elon Musk was accused of running a pump-and-dump scheme. Nonetheless, he denies it and has requested a judge to dismiss the case from court.
In a recent statement, Musk's lawyer said: "There is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion.”
While Elons lawsuit relates to Dogecoin, most pump-and-dump schemes relate to low market cap, low-volume coins that can more easily be manipulated in price. That said, not all low market cap coins are pump and dumps, with there being a lot of promising coins under a penny in crypto.
The first stage of a pump-and-dump is an abnormally large amount of social media activity for a coin. For example, if a crypto you have never heard of pops up on Twitter or in Telegram channels multiple times in one day, it may be a marketing effort to create hype and drive up the crypto's price before the founders and influencers dump their tokens.
Another sign is if a prominent influencer promotes a low trading volume coin. Low volume is a sign there are few buyers and sellers, so if a group of sellers enter the market quickly, it can push up the price with little effort.
Influencers who buy a low-volume cryptocurrency and promote it on social media could quickly make a massive profit.
So if you are looking to buy cryptos that big influencers are promoting, ensure they have a high trading volume, and consider the clues we mentioned for rug pulls too.
However, if you are looking for low-cap coins with more room for growth, aim to find them from smaller micro-influencers, as they do not have the audience to pump price artificially.
Maybe they work at Binance or Metamask, or it is an online lover who suddenly turned the conversation to Bitcoin; social engineering can be the hardest scam to spot, but you must always remain vigilant.
Your private keys are for your eyes only; never share them with anyone, no matter who asks. Moreover, if you are contacted by someone claiming to be from an exchange or another service you use, before discussing any detail with them, confirm this by contacting the company (through an address not given by the person contacting you).
Besides trying to gain your private keys, scammers can contact victims to get them to send over crypto. This could be a romance scam or related to technical difficulties or financial gain.
Nonetheless, before hitting that send button, remember that this stranger on the internet might not be who they say they are.
In crypto, a rug pull refers to when a founder builds up a project with hype and expectation, and once they raise funds, they ‘pull the rug out’. To pull the rug, the founder would dump their coins or use malicious code to extract value from the project, leaving their community with nothing.
There are two types of rug pull: hard and soft. A soft rug refers to when a founder tries to keep the project alive, but once they realise the project is not making money, they exit, dumping their tokens onto the market.
On the other hand, a hard rug is when a founder has no intention of completing the project, with their only aim to raise capital before exiting. They usually exit quickly through malicious code ‘backdoors.’
The main clues of a potential rug pull are:
With crypto-related crime approaching a $20 billion valuation, phishing attacks are among the most popular ways scammers steal victims’ funds. One of the most dangerous forms of phishing is where scammers send malicious links to look-alike sites that extract private keys.
Recently, Moonbirds Founder, Kevin Rose, lost his $1.4 million NFT collection to a phishing attack. The fact that a crypto founder can fall victim to this type of attack shows how convincing they can be.
That said, there are still some signs you can look out for to keep your crypto assets safe. They include staying up-to-date with new phishing methods, not clicking on links of emails (even if you know the sender) and checking social media before connecting your wallet to a dApp in case the site has been hacked.
On top of this, you can entirely avoid phishing scams by only keeping the crypto you need immediate access to in your hot wallet, with the rest going to cold storage.
Contact Info:
Email: C y b e r a s s e t r e c o v e r y @ p r o t o n m a i l . c o m
Contact Info:
Email: C y b e r a s s e t r e c o v e r y @ p r o t o n m a i l . c o m
I'm truly grateful for the service of the Jeanson James Ancheta wizard Service. I never would have imagined that I could recover my stolen bitcoins and gain back access to my wallet after losing over $665,211 to a fake investment platform. It's truly amazing the kind of service Jeanson James Ancheta wizard company provides, I was able to recover all that was stolen from me within 72 hours, Jeanson James Ancheta wizard Service provides top-notch services and is very professional indeed. If you ever doubt the recovery of cryptocurrency once it is lost, I suggest you rethink and research more before losing hope. There are so many victims of cryptocurrency scams who concluded that it is impossible to recover their funds. Jeanson James Ancheta wizard Service is here to provide that service for you. I highly recommend their services to everyone who wishes to recover any cryptocurrency. Jeanson James Ancheta wizard can be contacted via their E-mail address:(jeansonjamesanchetawizard62@gmail.com) I'm truly grateful for their service and work ethics. WhatsApp +44 (7440) 105166 or +44 (7506) 216101.
Contacting Wizard Asset Recovery is easy. Simply reach out to them through their official website or WhatsApp for immediate assistance. You can also send them an email at Wizardassetrecovery@gmx.us. Their team of professionals is ready to listen to your story, assess your situation, and provide you with the guidance and support you need to begin the recovery process.
Don't let scammers get away with your money. Take action today and reclaim what's rightfully yours with the help of Wizard Asset Recovery. Contact them now to get started on your path to financial recovery.
Hello everyone. I'm Jackson, and I wanted to sincerely thank the woman who commented about how she was able to get her bitcoin back into her wallet with the assistance of CAPTAIN WEBGENESIS. Coincidentally, I was having a similar issue, so I had to contact the expert right away to get help getting my money back.
It is with great satisfaction that I attest to the fact that CAPTAIN WEBGENESIS comes highly recommended for any type of Bitcoin recovery services. I was able to get back all my lost funds in a short period of time.
I recommend CAPTAIN WEBGENESIS to all victims who have fallen prey to these online Ponzi schemes.
(Captainwebgenesis@hackermail.com) or WhatsApp; +1(701)(31)4-27-29
Visite; www.captainwebgenesis.com
W.A.: +1 -2-5-2-512-0-3-91.
E.mail.: Cybergenie (@) Cyberservices (.) C0 M
Most folks only see the bad side of what they do, but few do know you can also hire a hacker for yourself, and take advantage of their skills for your own life.
In this guide i will show you step by step how you can find a hacker and how to hire a hacker. Where to find hackers for hire?
On the normal internet, it is hard to find real hackers for hire, since they seek anonymity for their job.
So you will have to go to the dark web if you want to find a good hacker.
To access the dark web you need the tor browser from torproject. org or for android phones there is Orbot and the Orweb browser.
In this guide i also want to show you a few web sites where you can hire a hacker:
we have configured it for you to be able to access it with your normal browser
One relatively new but well known website for dark web hackers for hire is
the forensic team at thehackerspro. com with vladimir kolarov of the former kiosk computer club of germany handling a lot of their databse penetration
you can open a detailed case on proh4ckz@protonmail with their team for a forensic audit
I couldn’t believe my luck when Cyber Asset Recovery managed to retrieve my lost Bitcoin. It was like finding a pot of gold at the end of a digital rainbow. Let me share my own harrowing experience with crypto theft. I recently found myself in the unfortunate position of losing $30,000 to a cunning hacker. It was a devastating blow to my savings and a wake-up call to the vulnerability of the digital world. The feeling of helplessness and anger was overwhelming, and I knew I needed to take action. Not only does cryptocurrency theft deplete our bank accounts, but it also negatively impacts our mental health. These kinds of situations can leave behind stress, worry, and annoyance long after the money has disappeared. We must come up with trustworthy and practical ways to take back what is truly ours. Thank you,
Cyber Asset Recovery for helping me take back my lost bitcoin. I am dearly appreciative of the way I was helped by you guys. contact Cyber Asset Recovery to help you get your lost or stolen Cryptocurrency by emailing them or visit their website.
Email at: Cyberassetrecovery@protonmail.com
Website: https://cyberassetrecovery.pro/
are Expert Wizard in technology and i was able to Recover all invested Funds including my profit in Total, My advice is we all stay aware from Negative comments , Stay Caution You all
The Captain Jack Crypto expert in Bitcoin recovery. Recovering Lost Funds From Online Fraudsters / Bitcoin Mining / Bitcoin Recovery / Improve Your Credit Score and Obtain Authorization for Remote Mobile Spy Control. Extraction of bad records from database systems, both public and private. Captain Jack Crypto can be contacted via email at captainjackcrypto@europe.com.
The Captain Jack Crypto expert in Bitcoin recovery. Recovering Lost Funds From Online Fraudsters / Bitcoin Mining / Bitcoin Recovery / Improve Your Credit Score and Obtain Authorization for Remote Mobile Spy Control. Extraction of bad records from database systems, both public and private. Captain Jack Crypto can be contacted via email at captainjackcrypto@europe.com.
geovcoordinateshacker@gmail.com
Contact hes support team for further assistance:
COINSRECOVERYWORLDWIDE at G M A I L dot C O M