Scammers, the biggest crypto problem

[Bitbtc8]

Just like i used to include in my points that scammers is the main problem crypto is facing presently i come across this news on the internet today about how scammers keep on contrarily influence the digital currencies. As indicated by Changpeng Zhao, the CEO and originator of Binance, there are in excess of 1,500 Binance con artists on the expert informal community LinkedIn. The quantity of Binance scammers on LinkedIn can in the end arrive at 1,605. Now imagine how big scammers are damaging crypto

Full news here
https://usethebitcoin.com/beware-of-crypto-scammers-1500-scammers-impersonate-binance-on-linkedin/

[BlackFor3st]

Just like i used to include in my points that scammers is the main problem crypto is facing presently i come across this news on the internet today about how scammers keep on contrarily influence the digital currencies. As indicated by Changpeng Zhao, the CEO and originator of Binance, there are in excess of 1,500 Binance con artists on the expert informal community LinkedIn. The quantity of Binance scammers on LinkedIn can in the end arrive at 1,605. Now imagine how big scammers are damaging crypto

Full news here
https://usethebitcoin.com/beware-of-crypto-scammers-1500-scammers-impersonate-binance-on-linkedin/

It is the biggest problem that we cannot fully stop even in fiat scammers are rampant but in crypto currencies they are more active as they have plenty of scheme on how to steal the others money.

That is only one of their scheme, copy the image of big exchange or reputable project and they will do their best to exploit money from inexperience crypto users.

[tabas]

We as users should also protect ourselves and warn others if it's possible in our situation. Scammers are not only staying to the crypto market but they are everywhere as long as there's a monetary benefit that they can take. Don't worry karma is real and these scammers will suffer in the right time but right now, we have to be aware of every transaction and investments that we do.

[DaMut]

Personally I think the main problem here is not only about scammers but education is one of the major role that caused cryptocurrency to be tainted and connected as a fraud. Many people do not do something called research before doing something, the majority of people who got scammed did not do proper research about what they were engaging for and in result leading them to get scammed by the scammers.

just if all of us have just a little bit of knowledge about cryptocurrency and have good control over our emotions, this scammer will not damage cryptocurrency this severely.

[Stanlo]

Fiat scammers are rampantly increasing as well but seems it will affect crypto more because its digital, even crypto investors wannabes are scared of investing now, i have few friends in my street that wants to invest but due to the scam news going around they are scared

[bassbity]

Scammers will never disappear and that's a big problem also in the real world scamer is always there, especially in the cryptocurrency world, and indeed scamer is looking for a loophole to steal money from investors in the digital world that is easily hacked so we must be careful.

I also do not imagine Binance is a big exchange but scamer is also the most widely seen from the order of the article. what is the solution from CZ about this.

[Zeke_23]

Scammers will never disappear and that's a big problem also in the real world scamer is always there, especially in the cryptocurrency world, and indeed scamer is looking for a loophole to steal money from investors in the digital world that is easily hacked so we must be careful.

I also do not imagine Binance is a big exchange but scamer is also the most widely seen from the order of the article. what is the solution from CZ about this.

as long as there is money included, there will always be a scammer. They always targeted those people who gives low priority of security from their cryptocurrency and also where there is investor involve, and in crypto all investment can be done.

[aggress0r]

IMO the number of scammers decreased a bit since there are no more numerous ICO's. I remember a lot of ICO projects were initially scams.
But since the crypto is still developing scammers have all the possibilities to scam people who are new to crypto space.
The methods are almost the same - phishing, deceiving etc but the amount of fake ICO's decreased since ICO's are in trouble.
Everyone in crypto space was scammed at least once IMHO.

[Mighty_crypt]

Personally I think the main problem here is not only about scammers but education is one of the major role that caused cryptocurrency to be tainted and connected as a fraud. Many people do not do something called research before doing something, the majority of people who got scammed did not do proper research about what they were engaging for and in result leading them to get scammed by the scammers.

just if all of us have just a little bit of knowledge about cryptocurrency and have good control over our emotions, this scammer will not damage cryptocurrency this severely.

Education? really? it means you must be a well educated someone, so tell me since you entered crypto world haven't you get scammed just once? its impossible friend, education and getting scammed is not same thing, no matter how educated you are it doesn't safe you from scammers

[target]

Some of these scammers can really spoof some emails or make a response like they knew what they are doing. They could be the ones pretending to be admins in the telegram channel of some developer's team, an unsuspecting user could fall into their trap and will send money to them and then binance still will be to blame. Binance can report the linkedin pages to the linkedin itself so they can check the impostors pages to take down.

[bellicose]

I completely agree. With the advent of cryptocurrencies, there are a lot of scammers and thiefs in this area. This is primarily due to the fact that they are confident in their impunity. And it is not known when government agencies will begin to prosecute such people and whether this is possible, because cryptocurrencies are anonymous.

[pawanjain]

Personally I think the main problem here is not only about scammers but education is one of the major role that caused cryptocurrency to be tainted and connected as a fraud. Many people do not do something called research before doing something, the majority of people who got scammed did not do proper research about what they were engaging for and in result leading them to get scammed by the scammers.

just if all of us have just a little bit of knowledge about cryptocurrency and have good control over our emotions, this scammer will not damage cryptocurrency this severely.

I agree to it partially. Most of the people who have been scammed would have at least made 1 mistake due to which the scammer was successful in scamming the victim.
It's obvious that we have to be careful and research on everything before we pay anybody.
Yes the education plays an important role but I have also seen many educated people making mistakes due to which they lose their money.
So we have to be right on our side before we complaint about others.

[DaMut]

Education? really? it means you must be a well educated someone, so tell me since you entered crypto world haven't you get scammed just once? its impossible friend, education and getting scammed is not same thing, no matter how educated you are it doesn't safe you from scammers

Did I say about well-educated above? knowing about the object they are engaging with can be considered as education.
How it is not going to save you from the scammers if you know what you are dealing with? let's talk about the giveaway on Twitter as an example,
the scammer created a bot impersonating a well-known crypto influencer and asking you to give some money to them to participate in the giveaway. If you do not know what you are dealing with, you will get scammed by them. But because you know, you avoid it and save yourself from the scam.

then do you think education is unimportant in this problem? do you even understand what I am talking about?

[Kvalentine]

Scammers will never disappear and that's a big problem also in the real world scamer is always there, especially in the cryptocurrency world, and indeed scamer is looking for a loophole to steal money from investors in the digital world that is easily hacked so we must be careful.

I also do not imagine Binance is a big exchange but scamer is also the most widely seen from the order of the article. what is the solution from CZ about this.

It make sense to say scammers will never disappear from crypto world but at least there will be limits, if crypto scammers are getting nailed starting from now there will be fear in this crypto space and once there is fear scammers won't be bold to use their real identity and people won't have to invest in projects with anonymous teams

[taufik123]

investors are decreasing, scammers are increasing. Many new investors who jump into the world of crypto are trapped in the dirty game of scammers who then make crypto known as a scammer's lair. Investors must be smarter than scammers so they don't get caught up, have to be more updated and stay alert. report and spread on forums and other media if you know a scammer so that other people don't get caught in the same dirty game.

[Vitamin_52]

it just needs to be controlled somehow, a special Department of cryptopolition is needed, then everything can get better and the crypto currency will begin to grow. just a lot of scams are holding up the growth of the crypto world

[senne]

Just like i used to include in my points that scammers is the main problem crypto is facing presently i come across this news on the internet today about how scammers keep on contrarily influence the digital currencies. As indicated by Changpeng Zhao, the CEO and originator of Binance, there are in excess of 1,500 Binance con artists on the expert informal community LinkedIn. The quantity of Binance scammers on LinkedIn can in the end arrive at 1,605. Now imagine how big scammers are damaging crypto

Full news here
https://usethebitcoin.com/beware-of-crypto-scammers-1500-scammers-impersonate-binance-on-linkedin/

That is the problem with having no regulations. Since, cryptocurrencies are largely decentralized and there is no central authority. You're your own bank and responsible for the safety of your own funds, the problem of scams and hacks have become a big problem. If you are trusting a third party, be it exchange, wallets or anything, you should understand the risk associated with it. Exchnages can definitely work on eliminating such hacks and scams. But the interesting thing is that the exchanges themselves are involved in manipulation. So, at the end, yes crypto is a highly manipulated space. Thus, our safety lies in our own hands.

[jazmuzika217]

I am agree with you. Because all we know that the cases of scam and fraud here in crypto world are continue to grow so it can affect so many factors here in crypto world. As a user or investor you will afraid and set limitation in your usage and investment. And I can see that scam is the number one factor that government will consider why they against in crypto.

[barnes13]

Just like i used to include in my points that scammers is the main problem crypto is facing presently i come across this news on the internet today about how scammers keep on contrarily influence the digital currencies. As indicated by Changpeng Zhao, the CEO and originator of Binance, there are in excess of 1,500 Binance con artists on the expert informal community LinkedIn. The quantity of Binance scammers on LinkedIn can in the end arrive at 1,605. Now imagine how big scammers are damaging crypto

Full news here
https://usethebitcoin.com/beware-of-crypto-scammers-1500-scammers-impersonate-binance-on-linkedin/

Scammers are not only in the crypto environment. But they are always there wherever you are. Therefore, you must always be ready and alert to acts of fraud that might occur to yourself. Before thinking of a larger scale, you better prepare yourself to face it. If individually we are ready and can plan something to deal with it, then we do not need to worry anymore with the impact caused. Every day everyone is also growing and not always easily caught up in their game.

[ChrisPop]

Let's face the truth.. There are scammers in every industry in the world. Take for example the car industry, forex, stocks, you name it. People will find ways to make money in ilegitimate ways until the end of the world. That's how some people are wired, they want to make it the easy way, but if you look closely, stealing is not the easy way because you will live a miserable life.

I wouldn't say that scammers are the biggest problem in crypto, but we should take the necessary measures to point them out and especially make informative campaigns for beginners on how to stay away from potential con artists.