Methods that fraudsters use to scam people

[Balladtony77]

Here are few methods that online scammers use to scam people till date due to lack of not knowing

1. KYC Fraud

Behold, Any body can just contact you claiming they are bank executives or customer service officer from your bank and asked you to share details to complete KYC, they will actually first tell you that your account isn't safe anymore, this have proven to works on innocent people most times.

2. Fake SMS

This days online shopping can be very dangerous if you don't go through right channels, secondly you can get fake SMS about any online shopping cash back and you will be asked to share your credentials, ATM card details etc

3. Public Charging Spots

Abstain from charging your phones from any public charging spots, scammers can use some kind of chips that installs malware or spyware's on your phone while charging, this chips copies your sensitive data and inject the malware, automatically they have access to your phone, you can lose private keys this way, even every single  passwords on your phone. instead you are better off with power banks.


Most people knows about coins this days and believe me it doesn't have to be online alone before losing your private key or recovery seed, you can easily lose them offline as well

[shinratensei_]

Yes, it doesn't but just remember if that account must be correlated with a phone number, email or other important data related to our money. When the scammed has access to it and scammer will be easy to get our money. I remember the case that happened with electrum when the scammer was also creating fake or phishing electrum wallet and steal the user's money.
The scammer also uses the vulnerability from the wallet or software too.

The scammer is also contacting everyone through the various massaging app too. In crypto that scammer tries to clone the identity from the team from ICO to scam the investors.

[Byakuga]

Yes, it doesn't but just remember if that account must be correlated with a phone number, email or other important data related to our money. When the scammed has access to it and scammer will be easy to get our money. I remember the case that happened with electrum when the scammer was also creating fake or phishing electrum wallet and steal the user's money.
The scammer also uses the vulnerability from the wallet or software too.

The scammer is also contacting everyone through the various massaging app too. In crypto that scammer tries to clone the identity from the team from ICO to scam the investors.

Thanks to Google playstore for erasing few fake wallets off android play store, sometime ago I knew few who lost coins because they downloaded fake myetherwallet from palystore, the most popular ways of stealing crypto till date is still phishing I think

[Ucy]

In regards to number three, I guess they do that within the stocket? A store for example could disguise an infected device as socket... or strangers could even buy fake sockets and attach them in real sockets in public places.
Well, it's interesting how vulnerable people internet devices can be. This is why it's a bad idea to have important stuff stored in them.

[bitsurfer2014]

@OP, maybe you could include in your list one of the most used and most effective tactic employed by fraudsters to deceive people - Phishing attacks like phishing emails, including fake SMS you've mentioned, etc...

Here is a related article for further reference: https://blog.syscloud.com/types-of-phishing/

[Baby Dragon]

Fraudsters are clever in a way that they can easily discover a chance to trick you like pretending that they are an official from banks just to assemble your private data that they will use against you. It's the reason why we should be mindful before trusting and thinking anything or anybody since we don't know peoples genuine intention. We need to understand that tricksters are utilizing this way to deal with misuses of our are assets and resources, so we need to ensure each choices that we are making. KYC isn't safe especially nowadays that individuals are happy to delude their fellowmen for cash, though it's an opportunity that won't do any great, so it's better to be cautious than end up losing your funds and regretting.

[OasisDre]

In regards to number three, I guess they do that within the stocket? A store for example could disguise an infected device as socket... or strangers could even buy fake sockets and attach them in real sockets in public places.
Well, it's interesting how vulnerable people internet devices can be. This is why it's a bad idea to have important stuff stored in them.

Lol since I entered crypto space I've never charge my phone outside my home because I know what's at stake here, I never even give out my phone to any body, I treat my phone like a flesh on my body, always private stuff, its a must because you don't know what others have in plan for you

[LbtalkL]

Earlier this day I found a new fraud/scam on telegram, what they are doing is fooling people muting the group and provide fake proof of withdrawal they get it from a random transaction on Etherscan and make it their own if you don't check it carefully you might get fooled. To withdraw it needs to send some amount of eth a very aggressive move by scammers but some people are getting fooled they have scammed 1.3 ETH so far please help me report their telegram to stop this scam.


scammer eth address: 0x8C069E0a08abf5E1274BC0ab427B15cD69556879
bot: https://t.me/freethround4_bot
GC: https://t.me/joinchat/M70l-lVndYavECeaznOdzA
Channel: https://t.me/FreeEthereumNews

[Greatchu]

Earlier this day I found a new fraud/scam on telegram, what they are doing is fooling people muting the group and provide fake proof of withdrawal they get it from a random transaction on Etherscan and make it their own if you don't check it carefully you might get fooled. To withdraw it needs to send some amount of eth a very aggressive move by scammers but some people are getting fooled they have scammed 1.3 ETH so far please help me report their telegram to stop this scam.


scammer eth address: 0x8C069E0a08abf5E1274BC0ab427B15cD69556879
bot: https://t.me/freethround4_bot
GC: https://t.me/joinchat/M70l-lVndYavECeaznOdzA
Channel: https://t.me/FreeEthereumNews

This is not a new trick pal, this have been around since i start investing in crytpo in 2017, once you try to warn others on the group that its all scam attempt you will instantly get banned, or if your message consists of any scam accusation you will be banned, only new investors can fall for this, its a very common trick

[serjent05]

Adding this list won't hurt:

Phishing email scams
The Nigerian scam
Greeting card scams
Bank loan or credit card scam
Lottery scam
Hitman scam
Romance scams
Fake antivirus software
Facebook impersonation scam (hijacked profile scam)
Make money fast scams (Economic scams)
Travel scams
Bitcoin scams
Fake news scam
Fake shopping websites
Loyalty points phishing scam
Job offer scams
SMS Scaming(Smshing)
Overpayment Online Scam
Tech Support Online Scams

You can read the detail here

Also don't forget the cryptocurrency fork scam where they needed us to enter our private key to get the said fork coin.

[LbtalkL]

Earlier this day I found a new fraud/scam on telegram, what they are doing is fooling people muting the group and provide fake proof of withdrawal they get it from a random transaction on Etherscan and make it their own if you don't check it carefully you might get fooled. To withdraw it needs to send some amount of eth a very aggressive move by scammers but some people are getting fooled they have scammed 1.3 ETH so far please help me report their telegram to stop this scam.


scammer eth address: 0x8C069E0a08abf5E1274BC0ab427B15cD69556879
bot: https://t.me/freethround4_bot
GC: https://t.me/joinchat/M70l-lVndYavECeaznOdzA
Channel: https://t.me/FreeEthereumNews

This is not a new trick pal, this have been around since i start investing in crytpo in 2017, once you try to warn others on the group that its all scam attempt you will instantly get banned, or if your message consists of any scam accusation you will be banned, only new investors can fall for this, its a very common trick

I am not saying a NEW trick, what I am saying is a NEW SCAM popping out which means a new group just started scamming people and needs to be reported, Everyone should be aware. If you already knew this just ignore it is not for you this is for those who do not know about it. I am just sharing it here as you say "new investors" remember there are always new investors

[travwill]

As practice shows, such scam techniques are numerous. From the latest news, I learned that the popular AVAST antivirus was selling the data of its users to third parties.
In particular, they sold data on visits to porn and other sites. Do not use free versions of programs. Free cheese - in a mousetrap.

[Saisher]

You forgot to add giveaways, this is so rampant today the latest scheme is, they are imitating popular influencers in Cryptocurrency so they can scam people they offer a scheme where you need to send them a certain amount of Eth or Bitcoin and in return, they will double or triple the amount that you sent them, it turned out everything are all a scam.

[Rengga Jati]

Here are few methods that online scammers use to scam people till date due to lack of not knowing -snip-

Do you mean these scammer methods for a general case of online business? or for cases on ICOs or IEOs? Since we are in the "altcoin discussion" board, it must be more specific and there is a correlation with altcoins. I suggest making the "title" more specific, buddy. 

-snip- 1. KYC Fraud -snip-

This is the common problem on bounty hunters, airdrop hunters, and giveaway hunters. Scammers know well that many people try to earn money easily, then they make lure offers with KYC requirements. Those people who don't know about the risk of sending their private data (identity), easily trapped in this method. But for people who already know that the data can be sold on the black market, must think twice to do KYC.

-snip- 2. Fake SMS -snip-

Fake SMS message is a classic method. This is a problem that has happened for years. So, experienced people mustn't be trapped in this method. Only amateur or new ones have a chance to be tempted in this way. Especially for careless people that never try to take research/analysis before decide something. 

[batang_bitcoin]

The most popular is the phishing links. They provide fake similar links to what we used to visit. Like MEW, blockchain.com wallet and other services that we mostly use to store our cryptos. These hackers can also be addressed as scammers because that's all they do.
They fake websites where people mostly logging in for their cryptos and if you are not diligent and more of an observant, you might login to the ones that they make.

[btc_angela]

In regards to number three, I guess they do that within the stocket? A store for example could disguise an infected device as socket... or strangers could even buy fake sockets and attach them in real sockets in public places.
Well, it's interesting how vulnerable people internet devices can be. This is why it's a bad idea to have important stuff stored in them.

Yeah, I have the same questions with number 3 as well, how can fraudster steal data from your phone if you are just charging it?

I guess the best practiced is to used separate phones for your crypto activity and for your personal used. And always disconnect your crypto phone from any network if you're in the public places.

[pixie85]

Bitcoin scams

What is a "bitcoin scam"?  A scam where someone promises to pay you in Bitcoin but doesn't?

On topic
The most common scams are the ones where scammers don't really have to do anything like stealing from you or bruteforcing your password. They just make a site or just a thread and wait for naive people to send them money. They buy domains that look very similar to the real ones and change a few things so that instead of sending money to a casino or a mixer you're sending everything to them or they offer you an investment with 500% yearly return and you send them crypto thinking it's a real thing.

[serjent05]

Bitcoin scams

What is a "bitcoin scam"?  A scam where someone promises to pay you in Bitcoin but doesn't?

Probably yes .   Though if you click the link for details, possibly you do not have to ask the question.

On topic
The most common scams are the ones where scammers don't really have to do anything like stealing from you or bruteforcing your password. They just make a site or just a thread and wait for naive people to send them money. They buy domains that look very similar to the real ones and change a few things so that instead of sending money to a casino or a mixer you're sending everything to them or they offer you an investment with 500% yearly return and you send them crypto thinking it's a real thing.

Yes, indeed those Phishing sites (already stated above by batang_bitcoin)  and HYIP (High Yield Investment Program) Ponzi scams which fall under the make money fast scams.

[Kemarit]

You forgot to add giveaways, this is so rampant today the latest scheme is, they are imitating popular influencers in Cryptocurrency so they can scam people they offer a scheme where you need to send them a certain amount of Eth or Bitcoin and in return, they will double or triple the amount that you sent them, it turned out everything are all a scam.

Yeah, that's another scam stunt those criminals are running everyday, you can see Vitalik or Elon Musk fake ETH/BTC giveway in youtube or websites. And then recently, a surge of local personalities as well being masked as endorsing this kind of "bitcoin revolution", but in the end it's all scam.

There is also a new scam running around: Fake Jobs: Cybercriminals Prey on Job Seekers via Fake Job Postings.

The FBI reports that fake job listings get people to hand over personal information to cybercriminals and results in an average financial loss of $3,000 per victim

So criminals are really evolving so we should be very careful specially emails we received from unknown sources and websites that we visited. We should think many times before clicking links we find in our emails or website around.

[Reid]

Here are few methods that online scammers use to scam people till date due to lack of not knowing

1. KYC Fraud

Behold, Any body can just contact you claiming they are bank executives or customer service officer from your bank and asked you to share details to complete KYC, they will actually first tell you that your account isn't safe anymore, this have proven to works on innocent people most times.

This one is what I mostly avoid when joining ICO or other type of investment.
You will fill up a form including everything about you and then what?
They will use it for different purposes.
One is using it in different ICO's. Using your name to find it unique but their address for the payment of whatever coins it is.

Another is what you said, claiming they are in the law business and then asking for permission to open your accounts.
I think they can still fool someone else with that specially those new in those kind of business.