Crypto Scams
1. Phishing scam
In this, people are misled by sending fake emails or messages. These messages look like real crypto platforms and ask you to share your login details or private keys
Ponzi Scheme
These schemes promise high returns without any risk. Old investors are paid from the money received from new investors, but when new investors stop coming, the entire scheme collapses and people lose their money.
Fake ICO
Fraud is done in the name of ICO (Initial Coin Offering) . Scammers launch a fake crypto project and when enough funds are collected, they run away.
Rug Pull
This scam often happens in DeFi (Decentralized Finance) projects. When people start adopting the project and invest money in it, its developers suddenly withdraw all the funds
Social media impersonation
Scammers pose as famous influencers or customer service teams. They send links on social media offering fake investment plans or asking for sensitive information.
6. AI-powered scams
Scammers can now create fake messages and deepfake videos using AI. These fake and steal their cryptocurrency.
What to do if you get scammed by crypto ?
Immediately change all your passwords and enable 2-factor authentication (2FA).
Transfer the remaining funds to a safe wallet to avoid further loss.
Keep a record of all messages, transaction IDs, and emails. This will help as evidence if you want to take legal action.
File a complaint with the local police and cyber crime department.
To report internationally, report to the FBI’s Internet Crime Complaint Center (IC3) in the US.
In the UK contact the Financial Conduct Authority (FCA) and Action Fraud.
In other countries, contact the relevant cyber crime department.
Contact a digital assets lawyer who can assist with legal action.
Seek advice from cybersecurity experts who can help you further secure your digital accounts.
Use a blockchain explorer to see where your funds went.
Contact blockchain analytics companies that can help trace stolen funds.
What to do to avoid crypto scams?
Read the team, white paper and trusted reviews before investing in any crypto project.
Stay updated on crypto scams
If any investment is promising high returns very quickly, it may be a scam.
Many scammers create fake websites that look like the real platforms.
Use a hardware wallet for long-term storage.
Turn on 2FA and never share your private keys.
Avoid offers like “Invest Now”.
Never invest all the money in one place
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DISCLAIMER :
This video is intended solely for educational and learning purposes.We have no intention of involving clients in any trading or investing activities. it’s important to clarify that we are not registered with SEBI ( Securities and Exchange Board of India ).
We Strongly advise you to consult with a qualified financial advisor before making any financial decisions. Seeking guidance from a financial professional can help you make well informed choices that align
with your specific financial circumstances and goals.
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