Methods that fraudsters use to scam people

[bitcoinst]

In the next branch, the man sent 7 Ethereums to the scammer's wallet in the hope of getting 21 back.
That is, fraudsters do not even need to invent complex algorithms and schemes because it is enough to simply offer the opportunity to receive free money in exchange for yours.

To be honest, I don’t understand what drives people when they bite with the free distribution of money.

[shaheer001]

besides these methods one common and most dangerous method is emails, Through Email the scammers offers you some incentives (I am talking only about currencies) and try to steal your private keys or passwords, The email looks like from original exchanges so be aware and must look for sender email and the website link.

[desertfox470]

Adding more to the list:
- Bounty Programs that will ask for KYC
- Airdrops that asks for KYC
- Ponzi Schemes or Pyramid Schemes
- Asking for Private key, the target are the newbies

That's some things that I know but I know there's a lot of methods that the fraudsters uses to scam people but we don't know all of them since they keep improving and improving as well and we're going to know it once we have been scammed already. Let's just be careful for every transactions we're going to do.

[fuer44]

for point numbers 1 and 2, I've already got it and I already know about it so I can anticipate it. for point number 3, I just heard that public charging is quite dangerous too. whereas nowadays there are lots of places to hang out and there certainly provide a filling for the public. with this info, be more careful and by the way this is very helpful information.

[BitcoinPanther]

These things are all possible especially the third one. I have worked in a company that gather data through electrical signal. That's the reason why I am really convinced that there are gadgets that can inject or penetrate malwares.

What we need to do is to be very careful on whatever we do online or offline. I guess we should be vigilant on our possessions because the culprits may get your information especially private keys.

[luckyflop]

Adding more to the list:
- Bounty Programs that will ask for KYC
- Airdrops that asks for KYC
- Ponzi Schemes or Pyramid Schemes
- Asking for Private key, the target are the newbies

That's some things that I know but I know there's a lot of methods that the fraudsters uses to scam people but we don't know all of them since they keep improving and improving as well and we're going to know it once we have been scammed already. Let's just be careful for every transactions we're going to do.

You can KYC or not KYC depending on your decision. No one can force you to do so, if you are afraid your information will be exposed outside, then it is best not to join bounty. When they launched bounty, they made specific announcements and rules, so don't make the same conclusion.

[joseyphil82]

In the next branch, the man sent 7 Ethereums to the scammer's wallet in the hope of getting 21 back.
That is, fraudsters do not even need to invent complex algorithms and schemes because it is enough to simply offer the opportunity to receive free money in exchange for yours.

To be honest, I don’t understand what drives people when they bite with the free distribution of money.

Those who get scammed are the greedy ones, they are just like the scammers who scammed them so I can say they get what they deserve, greedy people will always be hunted

[princecharles]

It's really getting tougher, keeping oneself safe from scammers and fraudsters. I'm surprised that one can lose his personal information simply by charging phones. In the region where I come from, people charge their phone anywhere they can, due to the issue of epileptic power supply. I only hope that we don't run into the hands of Scammers who uses malwares through charging points.

[thesmallgod]

In the next branch, the man sent 7 Ethereums to the scammer's wallet in the hope of getting 21 back.
That is, fraudsters do not even need to invent complex algorithms and schemes because it is enough to simply offer the opportunity to receive free money in exchange for yours.

To be honest, I don’t understand what drives people when they bite with the free distribution of money.

Those who get scammed are the greedy ones, they are just like the scammers who scammed them so I can say they get what they deserve, greedy people will always be hunted

It is not only greedy ones that fall for a scam. I bet you have not encountered a well-planned phishing scam before. You get caught up in sending your wallet private key and password and all your coin is gone. It happens a lot. People get scammed through website phishing. Another form of scam I have not seen people posting is the scam targeted at project dev that wants to get their token listed. This is very common on telegram. you get to see scammers presenting themselves as representative of exchange company. 

[qazgroup]

You have forgot to mention some of the most widely used tricks used by fraudsters that we can also called online thieves who send phishing emails, links and forms pretending to be from some official website so that they obtain all the important personal information so that they can easily access the accounts of the user depriving the person of all his assets so we should not fall in such phishing scams and should always be very careful online and should double check the website addresses where we are entering the data and should also avoid even clicking the suspicious links.

[Kiefner]

I certainly do not condone the scams that deceive people, but in most cases people are to blame for the fact that they got caught. I don't understand how they can send their data to some obscure companies and online stores.

[swivel1983@gmail.com]

I certainly do not condone the scams that deceive people, but in most cases people are to blame for the fact that they got caught. I don't understand how they can send their data to some obscure companies and online stores.

I agree with you. For some reason, not all people are willing to turn on their brains and logic to understand that on the Internet, in any case, you dont need to trust unfamiliar people.

[pixie85]

It's really getting tougher, keeping oneself safe from scammers and fraudsters. I'm surprised that one can lose his personal information simply by charging phones. In the region where I come from, people charge their phone anywhere they can, due to the issue of epileptic power supply. I only hope that we don't run into the hands of Scammers who uses malwares through charging points.

Not really, the basics remain the same. You have to be suspicious of offers that look too good to be true and keep your passwords safe.

Most people don't lose money because they got hacked or their communication was intercepted. They willingly send their money to scammers out of stupidity, greed, or both.

[Pamadar]

I certainly do not condone the scams that deceive people, but in most cases people are to blame for the fact that they got caught. I don't understand how they can send their data to some obscure companies and online stores.

I agree with you. For some reason, not all people are willing to turn on their brains and logic to understand that on the Internet, in any case, you dont need to trust unfamiliar people.

Got a point there, I've been a victim of this after joining a bounty campaign and provide my personal information without knowing that it could harmed me as the team behind is no longer giving any updates. Thinking that the BM is a well known to be a good person handling the campaign but even him don't have any idea what the team behind plans after asking for KYC.

[ahyadinnn]

Got a point there, I've been a victim of this after joining a bounty campaign and provide my personal information without knowing that it could harmed me as the team behind is no longer giving any updates. Thinking that the BM is a well known to be a good person handling the campaign but even him don't have any idea what the team behind plans after asking for KYC.

from that I sometimes look for bounties that do not have to provide important documents for fear of future problems, I prefer projects that are not required for KYC because in my opinion it is safer to protect our important data

[BlackFor3st]

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

These are very cheap tactics but are very dangerous especially the KYC method in which most of the exchanges and project owners are asking to submit the KYC first before they can use the exchange or invest in their ICO's or IEO's.

With regards to public charging spots, I haven't heard any victims yet in our country with this type of attack and I guess this will only occur to the place where hacking is very popular but it is very important that we should be aware to it.

[bgaf]

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.

Aside from the two I think I just heard of this method. To be honest, I am shock that this can be easily tapped on machines. How about those Public places such as airport? Cant believe even with this sort of necessity of passenger when oj emergency will be sabotage by the likes of them. Good thing I read about it. Thanks OP.

besides these methods one common and most dangerous method is emails, Through Email the scammers offers you some incentives (I am talking only about currencies) and try to steal your private keys or passwords, The email looks like from original exchanges so be aware and must look for sender email and the website link.

This is the most common and must avoid method by investors and traders. Email is very prone to hack and now its just like we are pinned with these phishing sites that too easy to steal our info. I dont like how technology improve on this state. Damn those computer geeks for learning so.

[hirngespenst]

from that I sometimes look for bounties that do not have to provide important documents for fear of future problems, I prefer projects that are not required for KYC because in my opinion it is safer to protect our important data

Yes, this is the safer way and sometimes I do the same! Even I ignored many good-paying bounties only because they asked KYC verification! Many of my friends did not provide KYC documents to the temtum bounty even they knew they can earn huge money from that! So, safety should be the first priority in crypto and maybe we need to be strong against those projects who ask strict KYC verification!

[memed97]

Those who get scammed are the greedy ones, they are just like the scammers who scammed them so I can say they get what they deserve, greedy people will always be hunted

I agree that a greedy person is always hunted by scammers and he becomes a victim of scammers, but what is unfortunate is that people who are not greedy sometimes also become victims of the actions of scammers, so that optimism of people who are not greedy is starting to disappear when see new projects.

[Ailmand]

I never know that public charging ports can also be used by scammers to gain access to your credentials. Scammers are doing any means to scam other people, that is why you should always be cautious and should always make sure that your phone or even your credentials are secured in any ways. In regards to KYC, I always avoid bounties that requires KYC. It is not just for security purposes, but I find them inconvenient.