Methods that fraudsters use to scam people

[tabas]

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.

Yes, they use fake emails too for faking the receiver that they are likely the exchange or a service that the receiver has subscribed.
Check the domain if it's real or not and if you are not familiar with it, don't click the links they have attached.

[barbara44]

The biggest one and the best one I have ever seen is definitely ICO that doesn't lead to anywhere, literally nowhere, like from DAY 1 they tell people that it was a scam and they will not do anything about it and they will not continue with it. Of course they don't blatantly just say that they are scammers, they act as if they will continue with development and all but you know it, you see it, like you realize that nobody works on anything at all.

These guys literally spend thousands of dollars, maybe 100k+ of their own money to build an amazing white paper, an amazing road map, a great team, awesome blockchain with huge potential, like if they were to give it to me, and the money, I would make that coin into something. However what do they do? Just steal the money and never look back. Very interesting and very weird.

[South Park]

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.

Yes, they use fake emails too for faking the receiver that they are likely the exchange or a service that the receiver has subscribed.
Check the domain if it's real or not and if you are not familiar with it, don't click the links they have attached.

Scammers have many ways to try to deceive us and it is impossible to know every single trick they use, however if we take a few measures we can remain safe for the most part, one of the most important things to do is to not open unsolicited email or to visit suspicious websites, scammers go to the trouble of creating an exact replica of an exchange just to fool people and get their passwords and once they do that they can take all the funds from your account, so if possible you should only visit exchanges and similar websites by using a bookmark, that way you reduce the chances of falling in that kind of scam to zero by bookmarking the right website.

[Cheatbtt]

Yes, some of what you say is true that fraudsters will never stop fooling each victim in any way. and maybe like a GMAIL message, I mean like receiving a spam message through GMAIL and what is common is a telegram BOT that offers high rewards but is bullshit.

[Twinkledoe]

The biggest one and the best one I have ever seen is definitely ICO that doesn't lead to anywhere, literally nowhere, like from DAY 1 they tell people that it was a scam and they will not do anything about it and they will not continue with it. Of course they don't blatantly just say that they are scammers, they act as if they will continue with development and all but you know it, you see it, like you realize that nobody works on anything at all.

These guys literally spend thousands of dollars, maybe 100k+ of their own money to build an amazing white paper, an amazing road map, a great team, awesome blockchain with huge potential, like if they were to give it to me, and the money, I would make that coin into something. However what do they do? Just steal the money and never look back. Very interesting and very weird.

Seems that you have had bad experience with ICO projects. I had few losses also in terms of ICO investments, but fortunately it's not big amount as compared to others so I learned my lesson in investing these ICO projects. I just console myself knowing that there are other people who lost a lot than me and that will be my learning experience. But I think, people are now smarter than before. Very few ICO projects are getting their target funds because not many investors are spending their money on this anymore. They also learned their lessons.

[reza7777]

I've experienced number 1 and 2 but I am also fortunate because I don't believe easily, I am also grateful to you for telling me how to number 3 scammers because I haven't heard that before

[motun01]

The most well known is the phishing links. They give counterfeit comparable links to what we used to visit. Like MEW, blockchain.com wallet and different administrations that we for the most part use to store our cryptos. These hackers can likewise be tended to as scammers since that is everything they do.

They counterfeit websites where individuals for the most part signing in for their cryptos and on the off chance that you are not tenacious and a greater amount of a perceptive, you may login to the ones that they make.

[BRODIN]

especially in part number 1, like participants who do KYC to claim project tokens or register on their platforms. I am always careful with KYC systems like this, my advice is do your research in detail and not enter your data in the shady project platform. if not mistaken like bithumb or systemkoin they reported also indicate fraud, this is my mistake, that I have put my personal data on their platform.

[trauchot]

Fraudsters use various methods to deceive people, and the main problem is that still many people believe in easy money and unfortunately very few scammers can be found and punished for it, fraudsters constantly find new loopholes to deceive people, so you need to always be everywhere very careful.

[Lizzylove1]

Fake SMS has always have their method and sadly that is still been used today. And the not well informed are falling for this old fraudulent trick. In some nations any customized SMS not directly from the bank are quickly identified and blocked as such they use a regular phone number or other name to send this SMS, so customers can always be aware.

[Anonylz]

This are very easy way to catch their pray, now that most project requires kyc to be done for proper verification, it is now a common tool for scammers to use lure innocent people into falling victim of their scams, the use of sms is another way, they will send random SMS out about dufferent products from different company's and waiting for anyone will click of the link provided in the sms, then they will strike, people should be more vigilant.

[tvplus006]

...These guys literally spend thousands of dollars, maybe 100k+ of their own money to build an amazing white paper, an amazing road map, a great team, awesome blockchain with huge potential, like if they were to give it to me, and the money, I would make that coin into something. However what do they do? Just steal the money and never look back. Very interesting and very weird.

Yes, such fraud is often not immediately identified as such. But I often meet such ICO, in which their creators try not to invest any real money at all. In such cases, they use someone else's whitepaper and fake team. Therefore, you need to check both the team and the whitepaper to better understand where you are going to invest your money.

[mirakal]

For me, KYC is very dangerous if we are not careful. Our information can be stolen by hackers and they will use it for evil things. If it is not necessary, we should not use KYC and it should be absolutely confidential

It's just scary that some people are willing to give their real information in crypto or to any platform that they think they can make money on it.
Without proper investigation of the site you submit your information, you will be put at risk as they can use that for illegal activities, and it's know to us that crypto is very risky as there's a very high rate of scams happening here.

maybe if it's a reputable platform and we are aware that its registered to the authorities then maybe we can trust them.

[Crypto_lion]

The most common method which is so stupid yet so many people Fall for this is that where the fraudsters would create accounts on Facebook and Twitter with similar handles to the projects and lure people into sending some money saying they will return it back to them multiple times.

[ntsdm1]

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

Fraudsters are becoming more sophisticated every day.In any case, you need to be careful.There are actually even more methods than You showed in the example.This conclusion can be made from news reports.Of course, you need to be more attentive to your documents.After sending them to scammers, You can suffer greatly.This is a fact.

[mersal]

Methods used by the fraudsters keep goes on without any end so its not possible to compile them in a single thread, for more methods you can visit scam accusation and beginners section where we can find more threads and guides hoe scammers target their victims.

[redsun114]

People really have to be careful and mind the way they give out information, so that they won’t fall for all these things.

This is the same thing that made delete an email I was formerly using for work; I used the email on a fake site, won’t blame myself , because I was still new to all these online things, and after I used my email there, the site gave out my email to other Fake sites that are owned by scammers and even gave out some of my information and I had to delete the email and stop making use of it. They will keep sending you some dumb messages and keeping waiting for you to click their links.

[panganib999]

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.

Be careful and be mindful on cases like this because once you have provided a KYC (Know Your Customer) process into unknown or scammer individual, you are taking your identity into risk since on that process, you are in need to take a photo of your identification card or other valid documents to provide or state your real identity and that can be mishandled once you have provided it into a wrong person which can lead to identity theft. So before doing such, contact your bank or anything that was asking you to do such before proceeding into doing the process.

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

This one was already very common way of doing scam schemes nowadays. It is just easy to resolve this. Contact the unknown number or the included company or group to see if the SMS is legit or just a fake one trying to scam you. Never ever share any private informations through SMS because if that was important, then the bank will call you to get into the office to talk about it. Not through SMS.

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 was just new for me and I have not heard of any cases like this that it can be possible to get an intruder do have access on your information stored in phone by just charging at public charging ports. Well, if that's the case better do have your own power bank or just make sure you do charge your phone or any gadgets at full battery to avoid charging on public ports.

[t3m4nc0k]

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.

for email in my opinion is not something new because I have heard this for a long time, what I think is new and have never heard of it is post number 3

[South Park]

Yes, some of what you say is true that fraudsters will never stop fooling each victim in any way. and maybe like a GMAIL message, I mean like receiving a spam message through GMAIL and what is common is a telegram BOT that offers high rewards but is bullshit.

Scammers are really smart, if you have ever invested in an ico and you revealed your email it is not rare for the developers of a bad coin to sell their email list to however has the money to pay for it, scammers buy those email lists knowing the people behind those emails had some money to invest, then the only thing they need to do is to scheme a way to deceive some of those people and get their coins, and unfortunately with the thousands of people that can sometimes invest in a project even if their success rate is 10% this means they could get a lot of money out of those people.