How to Protect Yourself from Fraudulent Bitcoin Giving

[Agios]

Deception in the guise of Bitcoin is spreading. The most recent and most extensive case is through hacking of a number of famous celebrity Twitter accounts on Wednesday, July 15, 2020. Hackers offer a Bitcoin giveaway from those accounts. So, what are some ways to protect yourself from this mode of crime?

The perpetrators may launch social-based attacks (social engineering) against Twitter employees. Hackers access Twitter's internal systems and devices, and thus successfully tweet the Bitcoin giveaway.
For example the Kanye West account which was also hacked. The famous US musician is "tweeting" he will duplicate the Bitcoin sent to his Bitcoin address. With common logic, it is unlikely that anyone would give free money in the form of Bitcoin, without any veiled intentions.

No one will give you free money, not even Bill Gates. If it sounds too sweet, then it's certainly not true, especially in cyberspace.

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[cryptomaniac_xxx]

No one will give you free money, not even Bill Gates. If it sounds too sweet, then it's certainly not true, especially in cyberspace.

Not only this, you should also learn to:

• educate yourself
• when in doubt, don't send any or don't participate

The thing with the recent twitter hack is that the fake btc promotion came from the verified accounts so it's really hard not to fall for it.

[GreatArkansas]

This is the very problem of the majority.
Even cryptocurrency or non-cryptocurrency. Most of the people who fall for these kinds of frauds are those people who want easy money or those people who really don't have any idea, but we can't blame there, but we should educate.
It's just hard sometimes, especially on my experience before when I tried to educate my friend, that I am telling that giveaway he mentioned is fake for me, he didn't believe to me.

[Bttzed03]

There are legit free (without capital investment) bitcoin giveaways even on twitter but it's not like the "send me btc and I'll double it" scheme by scammers. The giveaways I'm referring to are competitions like meme, creating songs or other forms.

Adding to @cryptomaniac_xxx said, ask the bitcointalk community when in doubt. But it's better if you can already tell which ones are legit and not.

[Tipstar]

The first thing people should realize is there are no free money. You need to contribute one way or other to gain some. Airdrops are a way to increase the social presence and advertise about the project but never expect anyone to send you some money without a reason. There were some smart contract that initiated coin distribution after receiving some coins but no legit system would ask you anything above $1 to get an airdrop.

[KrisAlex18]

There are many ways of scamming people, it always happens in the world of crypto because there are still many people who don't even know how to differentiate legit and fake websites. One of the common ways of scamming people is creating clone websites or fake investment websites, They offer good thing, some says to double your money for only few days which is obviously a scam because there wouldnt be a legit website that will give that kind of interest. It would be their big lost if that is legit.

Here are some tips to identify fake websites.
1. Always check the source link, if there is "not secured" then you have to be careful, there are also some fake websites that has "secured" at the source link, to identify if it is fake, you have to check the link if there is wrong spelling. Example: "tltle" instead of "title" they change he word i to l.
2. Always check the grammar of every text on the website.
3. Check the reviews of the website.

The first thing people should realize is there are no free money. You need to contribute one way or other to gain some. Airdrops are a way to increase the social presence and advertise about the project but never expect anyone to send you some money without a reason. There were some smart contract that initiated coin distribution after receiving some coins but no legit system would ask you anything above $1 to get an airdrop.

Indeed, there is no website that will give free money without any reason. It is just like in our real-life thing where there will be no people who will give you money for no reason unless you are one of those
 less fortunate people.

[bitbollo]

No one want double your money. If you think that there are people ready to double your money you will lose for sure.
It's clear impossible protect someone from losing money if believe in "magic" money.
like HYIP . It's full of people that trash money for impossible returns...

[Alucard1]

Scamming always happen in the world of crypto or even in the real world because there are some people who have great knowledge about technology and they use it for bad things, like scamming people to have easy money, they don't even think those people who will lose their money because of the scam.

Here are some tips to identify fake websites.
1. Always check the source link, if there is "not secured" then you have to be careful, there are also some fake websites that has "secured" at the source link, to identify if it is fake, you have to check the link if there is wrong spelling. Example: "tltle" instead of "title" they change he word I to l.
2. Always check the grammar of every text on the website.
3. Check the reviews of the website.

Good tips buddy, always check the source link, if you see any unusual things on it then you should doubt trying it.
A legit website always has good grammar so better to check the grammar of the instruction of the website.

[pakhitheboss]

Deception in the guise of Bitcoin is spreading. The most recent and most extensive case is through hacking of a number of famous celebrity Twitter accounts on Wednesday, July 15, 2020. Hackers offer a Bitcoin giveaway from those accounts. So, what are some ways to protect yourself from this mode of crime?

The perpetrators may launch social-based attacks (social engineering) against Twitter employees. Hackers access Twitter's internal systems and devices, and thus successfully tweet the Bitcoin giveaway.
For example the Kanye West account which was also hacked. The famous US musician is "tweeting" he will duplicate the Bitcoin sent to his Bitcoin address. With common logic, it is unlikely that anyone would give free money in the form of Bitcoin, without any veiled intentions.

No one will give you free money, not even Bill Gates. If it sounds too sweet, then it's certainly not true, especially in cyberspace.

It seems common and logical to you because you are aware about such scam. You know they are not true.

Most newbies fall for such scams because they think it to be an airdrop or sort and fall for it.

No one ever anticipated that so many celebrity Twitter accounts will get hacked. I would blame Twitter for not being responsible and they should refund those who had fallen for this scam.

[CarnagexD]

The thing with the recent twitter hack is that the fake btc promotion came from the verified accounts so it's really hard not to fall for it.

But every one of us does have time to seek for a tweet's legitimacy if the offer that they are willing to give is legit. We need confirmation from those celebrities if their statement is true that they do bitcoin promotion. Don't just deal with it and fall for that scam. There are a lot of ways to find the truth not only the proof of their verified accs.

The first thing people should realize is there are no free money.

There's no such thing as a free money, because all of the things in the world requires effort and contribution for you to grow as an individual or financially.

No one want double your money. If you think that there are people ready to double your money you will lose for sure.

High profile people only give money to those who are really in need like those charities, or financial support for those poor people. But a normal people like you, they will probably not give you free money or double your btc, that's very impossible to happen.

[romero121]

During the early days of cryptocurrency into usage there were more giveaways. By the time the userbase was very small. Later on the demand for bitcoin kept increasing, and the same led to cyber attacks, hacks, ransom in terms of bitcoin taking control of large networks. None is gonna give free money, there needs to be some work done for the same.

You can find lot many multiplier scripts for bitcoin and other cryptocurrencies on the market. Those were also a way to take note of private address details as well as scam people who are new to cryptocurrency usage. Myself experienced when I was new to cryptocurrency, spend more than 0.1btc and later realised the mistake. Good is to be cautious befor losing.

[batang_bitcoin]

I've learned in the long run that there's no easy money even in cryptocurrencies. Those giveaways can be sweet as they are but you need to realize if it's a realistic giveaway. If the amount is just about $1-$10 or even $20. I think that's a realistic giveaway which you can have no worry at all but, still, you need to check all the requirements and where the money is coming in as they give it to everyone. And for the account owners, there should be a 2FA or another layer of security for popular influential people accounts.

[plvbob0070]

There are still legit giveaways, but if it includes sending money to others, that's not a giveaway already. It's already suspicious if they would ask you to send money first before you can receive money or if they will promise you to double that money.

Scammers will always be there that's why it's important to educate others or those people around you about this kind of tricks because not everything they will see on the internet is real. Even those big and famous accounts from celebrities since they are prone to hacking.

[Darker45]

You just need to be reminded that:

1. If something is given for free, you have to doubt it.
2. If something or someone is asking for BTC, you have to doubt it.
3. If something or someone is offering a too-good-to-be-true ROI, you have to doubt it.

Always doubt everything especially online. And when you doubt over something, you withhold further action until and unless the doubt is resolved.

[a7mdan]

Piece of cake

USE LOGIC!

Why would you send in first position to someone 1btc to get a 2btc? 

I am shocked who people believed and sent money.

Please beware of such scams

[avikz]

Deception in the guise of Bitcoin is spreading. The most recent and most extensive case is through hacking of a number of famous celebrity Twitter accounts on Wednesday, July 15, 2020. Hackers offer a Bitcoin giveaway from those accounts. So, what are some ways to protect yourself from this mode of crime?

The perpetrators may launch social-based attacks (social engineering) against Twitter employees. Hackers access Twitter's internal systems and devices, and thus successfully tweet the Bitcoin giveaway.
For example the Kanye West account which was also hacked. The famous US musician is "tweeting" he will duplicate the Bitcoin sent to his Bitcoin address. With common logic, it is unlikely that anyone would give free money in the form of Bitcoin, without any veiled intentions.

No one will give you free money, not even Bill Gates. If it sounds too sweet, then it's certainly not true, especially in cyberspace.

It's very basic intelligence level you require to save youself from such type of scams! No special education is needed here! Just think - why would someone give you free money?? Why would anyone want you to get rich by downloading some software??

That's it!! Problem solved!! I feel pity for those who doesn't understand such basics of life!

[Wexnident]

Well, there are still people out there who offer legit free money, just look at how Twitter has a lot of people asking for retweets and likes cause they provide free money giveaways.  I have to admit that sending money to gain more money, especially on a social media is quite suspicious, hell, 9/10 I'd doubt it and look it up first and foremost. Still, I suppose I can't blame those that got scammed 100%? I mean, we all had that point in life where we were quite ignorant of something. Especially if you were just hodling Bitcoin and don't really know jack sht about its history. If it were someone who was with BTC since 2017 or so, the twitter post would have probably sent warning signs with the way it was set up.

[dunfida]

Deception in the guise of Bitcoin is spreading. The most recent and most extensive case is through hacking of a number of famous celebrity Twitter accounts on Wednesday, July 15, 2020. Hackers offer a Bitcoin giveaway from those accounts. So, what are some ways to protect yourself from this mode of crime?

The perpetrators may launch social-based attacks (social engineering) against Twitter employees. Hackers access Twitter's internal systems and devices, and thus successfully tweet the Bitcoin giveaway.
For example the Kanye West account which was also hacked. The famous US musician is "tweeting" he will duplicate the Bitcoin sent to his Bitcoin address. With common logic, it is unlikely that anyone would give free money in the form of Bitcoin, without any veiled intentions.

No one will give you free money, not even Bill Gates. If it sounds too sweet, then it's certainly not true, especially in cyberspace.

One thing that could protect you from all the possible frauds and scams you would face? Then it would be;

COMMON SENSE!

If you do have this then you will surely able to realize directly that you've been dealing with some scam attempts.If you do have the common sense on why the
hell they do give out money but you do need to send up some first then you will surely directly have suspicion but if you arent that greedy type of person.

[wxa7115]

Deception in the guise of Bitcoin is spreading. The most recent and most extensive case is through hacking of a number of famous celebrity Twitter accounts on Wednesday, July 15, 2020. Hackers offer a Bitcoin giveaway from those accounts. So, what are some ways to protect yourself from this mode of crime?

The perpetrators may launch social-based attacks (social engineering) against Twitter employees. Hackers access Twitter's internal systems and devices, and thus successfully tweet the Bitcoin giveaway.
For example the Kanye West account which was also hacked. The famous US musician is "tweeting" he will duplicate the Bitcoin sent to his Bitcoin address. With common logic, it is unlikely that anyone would give free money in the form of Bitcoin, without any veiled intentions.

No one will give you free money, not even Bill Gates. If it sounds too sweet, then it's certainly not true, especially in cyberspace.

The only way to protect yourself from this is to use your head, has anyone ever offered you to double your money for free on the real world and actually done so without issue? If the answer is no, then why would anyone expect this to happen on line and be a legit offer, it simple doesn't make a lot of sense.

Now, some may argue that when they saw the social media accounts of those famous and rich people do this they thought it was a legitimate offer but I am going to be very direct, you do not get to have so much money by giving it away without any restriction to people you do not know and in that case it is very unlikely the real owners were behind the messages and anyone using some common sense should have realized that within the first 5 seconds of seeing those messages.

[serjent05]

There are legit free (without capital investment) bitcoin giveaways even on twitter but it's not like the "send me btc and I'll double it" scheme by scammers.

This kind of scheme (the bolded part) is too obvious, but sadly there are lots of people falling victim to this.  Greed sure knows how to make people lose their reasonings.

The only way to protect yourself from this is to use your head,

Should we headbutt them or what?

has anyone ever offered you to double your money for free on the real world and actually done so without issue? If the answer is no, then why would anyone expect this to happen on line and be a legit offer, it simple doesn't make a lot of sense.

People's greed dictates the mind and make it senseful.  That is why those who wanted to earn more in a short duration of time often  fall for scams.

Now, some may argue that when they saw the social media accounts of those famous and rich people do this they thought it was a legitimate offer but I am going to be very direct, you do not get to have so much money by giving it away without any restriction to people you do not know and in that case it is very unlikely the real owners were behind the messages and anyone using some common sense should have realized that within the first 5 seconds of seeing those messages.

Greed numbs people's mind.  Whatever we say, it all goes down to uncontrolled greed. So we better control our greed and don't ever let it control us.