Methods that fraudsters use to scam people

[jostorres]

Probably phishing seems to be the leading one to this day, with how some websites have trouble with 2FA and the ability to disable it very easily, some people who get your username and password could hack you in many places. So they still do create websites with phishing names and they get your username and password, disable your 2FA and got in and take your money out.

Even phishing websites that take control of your API could just spike any coin they have into a higher price to get out without ever logging to your account. That and "selling trading bots" are the most common ones where people actually think they buy a bot but learn too late that bot is not really working properly but you just gave all your information to someone else and they can steal from you.

[gundala]

That is why I always set up multiple accounts, multiple emails, and multiple mobile numbers. One account/email / mobile number I use officially for real-life related to social, bank accounts, etc. While I use a backup account/email / mobile number specifically for joining bounties and other matters relating to cryptocurrency. This is a precaution if there is fraud via email or mobile number.

Some time ago I got an email in the name of IDEX exchange that there was a giveaway that worked with a website and caused KYC on the website. After I checked the IDEX exchange official account, it turned out to be a scam. So, for everyone, please pay attention to these rules:
1. Usually, the admin of an official group will not PM you first, let alone ask for a deposit, etc., it's fake
2. Before joining make sure to check whether the news is official or not by asking directly on the official website support.

[aemma]

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

This are really the truth and I pray people start taking caution of what matters to them which is security first. In a way of adding to your list, some types of giveaways should be taken into account, that is, any giveaway program or event requesting a payment before being rewarded should be overlooked. Also, phishing scam, should also be taken into account, let's endeavour to bookmark all frequently used websites so as to reduce phishing drastically. Furthermore, one need to be careful of any website asking for the personal details such as private keys etc.

[kooboat]

There are still many activities or tricks that are being put in place by scammers to defraud innocent individuals. We need to always be on the alert and keep educating each other on new tricks so we don't fall victim. Online activities have always been flooded by scammers, knowledge on their tricks is always the best way to stay safe.

[bitgolden]

There is also hyip and ponzi that wasn't really talked about all that much. Ponzi has always been a favorite of the scammers and for some reason many people fall for that. Everyone thinks if they invest into something that gives them 10% per month is real, I really doubt anything like that would ever be real.

Warren Buffet literally got hundreds of billions of dollars investment to his company just because he averages 20% per year, that is insanely good when you consider that average interest rates never go beyond 5% anywhere in USA for legit. If you find something that pays you more than 10% per year that usually seen as something dangerous, let alone anything that pays you 10% per month. But for some reason millions fall for that stuff every single year.

[bitcoinst]

It would be great if they revealed this topic in more detail. I am sure newcomers and experienced users of the forum would be interested to know all the subtleties of fraud of this kind,
as well as to study cases of scam users of the forum. Unless, of course, it’s interesting to yourself.

Everyone wants to earn money, everyone wants easy money. Therefore, fraudsters so easily manage to deceive people with such typical traps.

[Denreal]

The personal details of so many people have been sold for peanuts and I am quite surprised that, despite a project looking suspicious and ask for KYC, some still go-ahead to give out their personal details.
Well, we should be thankful that we have not been tagged with wrongful accusations.
There was a time I was wondering if it is actually proper for bounty hunters to do KYC since they are not investing? This also led me to that question and assumption that even investors should not have been asked to provide such since it is not a security token that is being issued and is regulated by the SEC.

[suryapro]

there are indeed many ways used by scamer to deceive us all, including as you have mentioned above. but for your opinion on number 3 maybe I do not agree. Why is that ?? because not everyone knows and has the ability to copy other people's data only through a cell phone charger.

[Teawhalee]

One just need to be careful. Alot of thinsg happening now that's way beyond human quick understanding. The kyc fraud is what I so much hate and am sure those project that ask for it are using it to make money. Also on telegram there are not of scammers trying to offer trading experience for strange profit that lives any greedy fellow to them. It's just about being cautious.

[Google+]

It would be great if they revealed this topic in more detail. I am sure newcomers and experienced users of the forum would be interested to know all the subtleties of fraud of this kind,
as well as to study cases of scam users of the forum. Unless, of course, it’s interesting to yourself.

Everyone wants to earn money, everyone wants easy money. Therefore, fraudsters so easily manage to deceive people with such typical traps.

if like that it will be increasingly difficult to get rid of scam because there are many people who will be affected by the hype or investment that makes many people get stuck in the project scam, they make many people to be attracted because they can get a lot of profits for traders who are still lay and don't have much experience.

[Ashong Salonga]

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

This is why we people must be careful on the things we share online. We always need to seek up on what information we just need to share and those that are needed to keep in private. Upon installing apps specially for online shopping better check the things you allow for that app to access because we really don't know if an intruder is just making use of it to have an easy access to our private informations. KYC (Know Your Customer) is really a good thing to let the merchants or the team behind a certain project know that the user is really a true existing person but it is dangerous to share legal documents such as I.D, license and any other type of documents to prove your true identity because other people might make use of your identity into any other stuff without you knowing about it. With regards to fake SMS, to be able not to get fooled with it, contact the main office of the mentioned bank or online shops to know if the SMS you have received is true or just a fraud. But most likely, those are fraud because a true bank and online shop will not ask you private information over a SMS. On the other hand with regards to the public charging, then it will be best to bring your own power bank and assure that it is always full charge to avoid charging in public places to better keep yourself safe and secure that you will not be victimized by such schemes. Being knowledgeable about this manners will really help us out to keep safe and secure not just our money but also our identities and information that must be kept in private manner.

[firmino10]

The methods you listed here are not the only methods used by scammers to scam people and investors. They keep on coming up with new methods to defraud people. But one thing that is common among these methods is that they leverage on one thing, which is greed. Greedy people are easy to scam because they keep on looking for easy ways to increase their money and get rich quick.

[flagpara]

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

I could add more process as my experience in cryptocurrency life. Stuck their money in exchange you have to send some Bitcoin to open their stuck token. Scammer will share money what they earned in mining process. Daily high  reward depends on your investment. Be a holder of top new coin investors as like easy to scam people.

[ufaiz50]

I just found out about the public charger spot. honest is too complicated especially for ignorance whether the target has a lot of numbers. what I can often find is through private chats where they send "gift" or "ask for help" texts, then the action starts there. I'm confused about the simple way there are still many people who are victims of fraud, even though this case we often encounter.

[shoreno]

I just found out about the public charger spot. honest is too complicated especially for ignorance whether the target has a lot of numbers. what I can often find is through private chats where they send "gift" or "ask for help" texts, then the action starts there. I'm confused about the simple way there are still many people who are victims of fraud, even though this case we often encounter.

yes . simple ways like chatting can lead to scaming so how much more the complex things like charging ?  i know its too odd but there is a big chance that is possible because there are also smart people or smart scammers  . take example on atm's where stealing can happen too  .

 i never charge my phone on public because i was shy and besides i also have a power bank  . power banks are now cheap and reliable so no need for us to risk our gadgets and sensitive data's   . stay safe peope and always read tips bout scammers latest methods     .

[cahbagus555]

I just found out about the public charger spot. honest is too complicated especially for ignorance whether the target has a lot of numbers. what I can often find is through private chats where they send "gift" or "ask for help" texts, then the action starts there. I'm confused about the simple way there are still many people who are victims of fraud, even though this case we often encounter.

I just found out that charging batteries in public places is also dangerous. Indeed cell phones have now become one of the places to store data and we must be careful and know that charging in public places is dangerous, will increase our vigilance

[ElmedoRator]

I just found out about the public charger spot. honest is too complicated especially for ignorance whether the target has a lot of numbers. what I can often find is through private chats where they send "gift" or "ask for help" texts, then the action starts there. I'm confused about the simple way there are still many people who are victims of fraud, even though this case we often encounter.

I just found out that charging batteries in public places is also dangerous. Indeed cell phones have now become one of the places to store data and we must be careful and know that charging in public places is dangerous, will increase our vigilance

How can it become dangerous? I have used it for a long time but my phone is still safe and my information is not stolen, for me it is not so important. It is still under our control

[irixo10]

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

This is an educating and eye opening post and I hope many people will come across it and learn from it. With this internet age comes with many levels of scams, fraudulent activities, fraudsters name them who are constantly looking for ways to steal from people not minding the time and risk it will take. Just like you stated that it doesn't have to be online only but also offline, let me point out that we should be careful of our browsers especially the ones we login with on exchanges; that is, we should be careful of who we leave our phones with, if possible lock the browsers.

[kang_kung]

Thank you for mention of those methods which typical use by fraudsters. I would like to add one more methods that still valid and popular use by fraudsters are phishing link with fake email.

[pikkie]

The method used so far that I know is a lot of the methods of the sweepers to commit fraud because their target is new traders who don't have much experience in any way that they will be affected can get a lot of profits in a very fast time by using KYC and others, you should know that from the identity you give them thieves can use it to commit crimes without your knowledge.