Cryptocurrency fraud and scams

[Natsuu]

You can lose both cash and money on the card, scammers are everywhere.

I completely agree with OP and you,
So in order to avoid being scammed we need to do some research and be cautious not just in crypto but also in real life.
Both online and offline aren't safe to fraud and scams and it is true scammers are everywhere not just on cryptocurrency.
Before the creation of crypto currency scams and fraud are already around us so we couldn't really say that it is because of crypto or the internet.

Today there are still a lot of scams happened in the world of cryptocurrency because most of the time it does not require kyc for the transferring of funds so it cannot make easier to trace out the recipient of the transaction. Still, one of the good things we need to do is make a lot of research about they introduce next is if you don't want to make any communication to strangers it is better if you block them immediately because they will really push you to do something and getting pressure easily. Still, it depends on you if you will entertain them and just get more information and waste their time to pretending you are doing the things they told or just block them immediately.

Scammers are everywhere and we don't know when and where they will strike. I think the idea of scammers that makes them this kind of act is all about their facing. Their life and sometimes or even mostly, the attitude of being a greedy one. Scammers will definitely experienced or collide by everyone mostly to those people online. Today, a lot of scammers use online platform to do their job because in online they can hack or hide their identity to those person who doesn't jave enough idea. They can manipulate people by making them spin throught their heads. We can be aware of this kind of act or people but be sure we have enough idea and different king of strategy once we are experiencing it. Online make it possible for them but we can also use online to take them down.

with technological advances that occur are many who misuse the technology to seek profits for a moment in order to generate profits. many ways are now circulating from the bonus given when investing which sometimes makes no sense, but instead many are deceived because they do not want to do the analysis first. have not been asked to send some eth by exchanging with their tokens, even though it has not been proven that the tokens that are exchanged can later have a stock market. most often telegram transactions that are very intense leads to fraud.
Fraud seems inevitable if there is no cooperation from all to break this link. should have the authority to immediately close before developing more.

Advance technology will make us to be aware of this scammers evweywhere yet this advance tech also give them new ideas to plan out. I once experienced being scam a large amount of money and in that situation I felt so bad yet I learned from that situation and remembers to always be aware of people, sites and even campaigns.

[crustycrab666]

Despite amoung us being aware of the "send xx amount, receive xx profit", there are still a lot of newbies that's being scammed by this scheme. They really don't research about it or even think of it how the hell they'll earn real money that quickly.

That is a fraud scenario that is very easy to understand. Unfortunately, newbies who always want to profit quickly, ignore that fact. The cryptocurrency market is very volatile, after all who really dares to guarantee prices will rise? and you entrust your funds to people you don't know on the internet? it's a very fatal mistake.

Remember, never invest in a business that you cannot understand

[Xxmodded]

Fraud and scam when your assets of cryptocurrency have been in lower price, but when bitcoin and altcoin exist and stable on higher price no one brave to say bitcoin and cryotocurrency fraud and scam. Just happen when getting not good position with bitcoin and altcoin price to know which one is the best.

[CaVO32]

Despite amoung us being aware of the "send xx amount, receive xx profit", there are still a lot of newbies that's being scammed by this scheme. They really don't research about it or even think of it how the hell they'll earn real money that quickly.

That is a fraud scenario that is very easy to understand. Unfortunately, newbies who always want to profit quickly, ignore that fact. The cryptocurrency market is very volatile, after all who really dares to guarantee prices will rise? and you entrust your funds to people you don't know on the internet? it's a very fatal mistake.

Remember, never invest in a business that you cannot understand

They fall on this obvious trap because they are thinking that they really can get profit from it. For those who have not learned their lesson well with these scams, they will always think to get easy money. There are so many scams out there in many forms, yet, there are people who still fall as victims because of greed. That's the main reason why people can be deceived by these fraudulent high paying investments. The thought of earning money without so much effort put into it.

[Youghoor]

This space will never be void of these scams and fraud. it's rather necessary that users in here take extra caution before investing in any cryptocurrency. Also, doing away with greed can save you from the tempting messages of all these x100 coins.

[adzino]

-snip-
The Crypto investment industry is gripped with scammers, starting with the brokers and ending with individual traders. In other words, as a trader, you’re on your own. There is little trust in the industry and if you still want to be involved, you must do the job, filtering the information in front of view.

You sound like a naysayer (though I know you aren't). You make it sound like cryptocurrency related industry are the worst and filled with evil people. You are actually wrong over here. You are just highlighting the bad part of the industry. What about all the good in has done? What about the benefits it has brought to everyone? Compared to this, all those negative activities are actually nothing.
And its not just the crypto market filled with scam. Scams are everywhere.

[Zemomtum]

Scammers are everywhere but their presence in the crypto community is enormous. They easily scammed innocent users that have no experience by creating unnecessary token without any use cases and a solid team to develop what was stated in the whitepaper. Always do thorough research and check if the team has domain experience in the subject matter.

[panganib999]

how they happen and how you need to pay attention to safeguard yourself against them.
The Computer Science saw a different phase when cryptography mechanism was introduced with Bitcoin. With this big of a change, threats of fraud increased, to safeguard from these malicious activity is extremely important. Startups without blockchain should not be trusted at all. Before committing to any company, their credentials should be reviewed.
There are many fake ICOs that can scam people easily. The best way is to do research before being affiliated to that exchange. Another way is to send an email and ask about the exchange to be cautious. Phishing is another way to scam people, by asking their details and asking them to invest their Bitcoin or any other cryptocurrency. Fake Airdrops and Punycode are most common tricks.
There are many unregulated brokers that can lure clients in lower prices and trading products and fast returns. So, one needs to be vigilant. The automated trading systems are not scams but  they will take any opportunity to earn profits. Exchanges will charge an unfair amount to withdraw, the best way to avoid is to already be aware of exchanges price differences.
Fake emails look so authentic but at the end they are still fake. Check every bit of information before acting upon it. Many companies copy and paste some other company’s whitepaper, rather than having an original idea of their own.
Most exchanges use fake information for their team members. To be careful one must look for incomplete or inconsistent information and odd details.Inconsistent texts or details on any part of the website is also a red flag. One should read and proofread to be sure.
People should run scans to look for any Bitcoin miner or bot in the system. Companies will do anything for money, to ensure safety and security right websites should be used. There is a lot of responsibility one needs to practice in order to be careful.

Scams and frauds that relates to cryptocurrency usage is not already a new issue at this point of time because it is already happening ever since the cryptocurrency existence have started. Scammers are really out everywhere that it seems no one should easily be trusted without doing further researching about anything related to cryptocurrency in order to secure your safety and the security of your cryptocurrencies. Nowadays, it is best to always do seek information about that thing you wish to get engage with before deciding to get in so that you will better know that you are getting into a safe path on your cryptocurrency journey. People will do anything out of obtaining money so doing precautionary measures is in need specially at times like this that we are on a crisis.

[Youghoor]

Almost every new invention that comes up would battle this sort of fraud attempts, even established companies are facing issues with counterfeits almost every day. People need to lay off their greed and always do a background search before investing in anthing. Do these two things and you are likely going to escape any attempts of scam and fraud.

[tanjiran]

Almost every new invention that comes up would battle this sort of fraud attempts, even established companies are facing issues with counterfeits almost every day. People need to lay off their greed and always do a background search before investing in anthing. Do these two things and you are likely going to escape any attempts of scam and fraud.

Greed often makes newbies in a hurry, fomo, thus ignoring the important things they should do. Analyzing the quality of the project, specifically about the product and its function, is an important consideration. And I totally agree that we have to understand in advance what we are going to invest in, not just go along and rely on luck alone.

[Lanatsa]

-snip-
The Crypto investment industry is gripped with scammers, starting with the brokers and ending with individual traders. In other words, as a trader, you’re on your own. There is little trust in the industry and if you still want to be involved, you must do the job, filtering the information in front of view.

You sound like a naysayer (though I know you aren't). You make it sound like cryptocurrency related industry are the worst and filled with evil people. You are actually wrong over here. You are just highlighting the bad part of the industry. What about all the good in has done? What about the benefits it has brought to everyone? Compared to this, all those negative activities are actually nothing.
And its not just the crypto market filled with scam. Scams are everywhere.

Just let them be, there are really people who are really just one sided and just tell up things on what up to their mind into their own view.
They should at least have the time on considering on the positive side of things rather than focusing on the negative one.I agree that
when it comes between negative and positive then its clear that it + do outweighs - one.

Scams are indeed everywhere as long it do involves with money then these things do exist no matter what yet there are people
whom really took advantage to noobs that can be easily be fooled.

[FlightyPouch]

If you will be thinking of it, it is also our fault when we are scammed or hacked. It's been years since I invested in bitcoins and other crypto currencies and I am only scammed twice and not been hacked. If we will be falling to the ploys of scammers and hackers, they would continue to do their thing so as long as there are victims there will always be those suspects. What I am saying here is that we should be wary of these scammers and hackers.

[Oasisman]

Almost every new invention that comes up would battle this sort of fraud attempts, even established companies are facing issues with counterfeits almost every day. People need to lay off their greed and always do a background search before investing in anthing. Do these two things and you are likely going to escape any attempts of scam and fraud.

Greed often makes newbies in a hurry, fomo, thus ignoring the important things they should do. Analyzing the quality of the project, specifically about the product and its function, is an important consideration. And I totally agree that we have to understand in advance what we are going to invest in, not just go along and rely on luck alone.

Greed always takes over when we're dealing with money. Even you or me, would sometimes have a second thought on whether we engage into a certain investments that looks like a good opportunity (different from too good too be true investment scams). That's the reality of every investment, scams are always there, your knowledge, experience, and know how will save you from becoming a victim.
What we need to feed our thoughts, is not to become desperate in needs. Desperation will sometimes lead us to a bad situation.

[kezinaur14]

Fraud and scam when your assets of cryptocurrency have been in lower price, but when bitcoin and altcoin exist and stable on higher price no one brave to say bitcoin and cryotocurrency fraud and scam. Just happen when getting not good position with bitcoin and altcoin price to know which one is the best.

It's the banks knee jerk response, people go and complain that coinbase "screwed them", bank tell them to smile while taking the loss like big bois and they end up coming to complain here or on other online platforms........

[online73]

Hello everybody. Fraud has existed since the time the first living organism appeared on earth, Man just put it on a new, more perverse level. There are enough scammers everywhere - and in the cryptocurrency community this is enough. For this, there are such forums as this one that would study this issue and not fall for the tricks of scoundrels. First of all, of course, under any circumstances, you must be careful. Times have gone such that even a relative can act with you no better than any fraudster, and here people manage to invest money in projects, some of which are clearly fraudulent. I do not think that it is worth separating the concepts of a cryptocurrency fraudster and a fraudster in everyday life - everywhere they act with one purpose, to take possession of our money. Only our own stupidity and thirst for easy money allows fraudsters to eat their bread. You just need to remind yourself and your children more often that easy money does not exist. You have to pay for any gift in this life.

[plvbob0070]

Since we are using the internet, I bet we are all aware of the existence of fraud and scams. Even outside the digital world, there's a lot of opportunists out there, trying to deceive people. It only makes it easier to scam people using the internet because they can easily escape and hide their identities.

It's not our fault if we get scammed, but we also have responsibility for it. It's a lesson that we should all know that we can't trust everything we see on the internet. And that, research can help us decide whether to trust somebody or not. We can't remove all scammers here, in fact, the more we become dependent on the internet, the more scammers will use this platform to deceive people. We should be prepared and aware of the possibilities might happen once we invest here in crypto.

[arwin100]

If there is such a large "army" of scammers, why not create an "army" that will fight them. This must be centralized, otherwise we may lose the cryptocurrency.

The question is who? anyone can create fake identity on internet so it's hard to trace them up unless if they show their real identity but i doubt there are scammers who do this since it's big wrong move for them if they choose to do this, and I think its impossible to make all centralized since this is not how crypto works so maybe the best thing we can do is to avoid what possible scam offered to us.

Scam is everywhere. God thanx now you've got a chance to read info, feedback from real people on the Internet, ask advice etc. MAKE YOUR OWN RESEARCH!

It's everywhere and it exist because of greed that's why we need to be vigilant always on what we do since the scammers will attack us if they see us falling on their traps.

[Reatim]

Welcome to crypto and welcome to the internet world  

In this world you will encounter every kind of scammers and also hackers  so better be aware of that.

I have been almost become a victim for how many times but lucky that i am aware of their strategy and i love reading here in forum so the updates about the possible scam and hack can be prevented.

Just stay alert,aware and knowledgeable for not to become scammed/hacked and also make sure you are not greedy lol.

[Janation]

If there is such a large "army" of scammers, why not create an "army" that will fight them. This must be centralized, otherwise we may lose the cryptocurrency.

Scams are inevitable, the same as hacks and we all know that.

Instead of "creating an army that will fight against them", why not just create or build your knowledge so that you will be able to avoid and prevent yourself from being a victim of scams. As long as there are victims, there will always be a lot of people that would try to scam people.

[raidarksword]

In this industry, it's easy create fake project and scam scheme that targeted people who are new to crypto currency. It's sad to hear that many people abusing and using it to create fraud anywhere else on every corner of social media platforms are scattered. In order not to fall on these kind of scams is always do some research before engaging in these types of  hype scams that can be found in the internet. I fall for these scams before especially on HYIPs and that's what makes me more vigilant and more cautious.