Written in CRYPTO he
Surely you have ever heard about the subject of cryptocurrenciessince these have become extremely popular within the majority of the Mexican population, much more among enthusiasts of the subject of money and investments. However, you should know that cryptocurrencies are usually a virtual asset whose main characteristic is that it is highly volatile.
Coupled with the volatility of the price and value of the cryptocurrenciesthere are also a series of more common scams and today in Heraldo Binario we will let you know what they are, this according to the most recent statement from Binanceone of the most important crypto exchanges worldwide.
What are the most common cryptocurrency scams?
- Investment scam: Investment scams involve a scammer promising high returns if money is invested through a “highly recommended” website, app or cryptocurrency exchange. The criminal may even claim to be an expert who will multiply your funds tenfold.
- Employment scam: The job offer may seem real. Revenues are well above the industry average. There’s a catch, though: Job scammers will send out a rewarding job ad that requires applicants to pay a deposit fee if they want the job.
- Impersonate an authority: Impersonator scammers try to gain your trust by posing as someone important, such as a police officer, government official, or someone from the tax agency.
- Impersonate Binance Helpdesk: Unfortunately, a popular attack vector among cryptocurrency scammers. They often try to manipulate users by exploiting the trust our company has established in the space over the years.
- Romance scams: A romance scam involves pretending to be a love interest to try to start an online relationship with the intent of stealing your money. These scams can sometimes take years to unfold, as the scammer will start by taking out small loans before escalating to life savings.
- fake gift: Scammers will invite you to a Telegram group or Discord server to participate in a fake cryptocurrency giveaway. The scammer will typically ask for a deposit fee, or attempt to trick the user into revealing sensitive information in exchange for prizes and “wins.”
- Ponzi scheme: They are a type of scam that pays early investors out of funds and commissions collected from new investors. There is no real investment. The scammer basically takes money from one investor to pay the other investor. People who participate in a Ponzi scheme are often encouraged to invite their friends and family to join.
- Fake shopping sites: Designed to imitate a legitimate e-commerce website, even going so far as to allow users to register as a merchant or customer. The fake site may offer to buy your products at prices that are significantly lower than the market average. The fake site, however, will not deliver or ship worthless items instead of the promised goods.
- Fraud in money transfers: Money transfer fraud begins with the scammer sending money to the victim. The scammer will then provide the transaction documents before withdrawing the transaction, issue a chargeback, or claim that the documentary evidence has been tampered with.
- Acquaintance Fraud: Not all scammers are strangers. The scammer may be a relative, a close friend, or an acquaintance introduced by a friend. Scams can occur in family circumstances.
- Carpet pulls: In the cryptocurrency industry, a rug pull is when a crypto project team raises money from investors before suddenly abandoning the project and wiping out all its liquidity. The rug pull typically occurs when investor enthusiasm is at its peak.
- Others: This category is reserved for unique cases where a scam is taking place, but the circumstances do not match any of our existing categories listed above.
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