Scammers show no mercy, this is how serious crypto investment has become

[DevFile90]

It's sad but true that scammers have made more money than investors themselves in this bull market, this is why you need to be extremely serious with your money, we investors are the ones funding scammers' pocket, this is why you should avoid most metaverse projects and play2earn games, remember they are hungry and angry people that will go any lent to achieve their ill-gotten dreams, lets stop helping them.

[1714626458]

1714626458

[bill gator]

This sounds more like a diary entry than a public forum post, but it's possible that I'm missing the point.

It's sad but true that scammers have made more money than investors themselves in this bull market

I disagree with the premise that scammers have made more money than investors, are you able to back that up?

we investors are the ones funding scammers' pocket, this is why you should avoid most metaverse projects and play2earn games, remember they are hungry and angry people that will go any lent to achieve their ill-gotten dreams

Are there particular projects or companies that you feel have wronged you or investors?

lets stop helping them.

Most people are not intentionally helping scammers achieve their goals, so it might be more helpful to lay out some ways to avoid helping them or falling victim to scamming.

[mk4]

Yea.. large scale hackers sure made a lot of money, but I think your claim is a bit too far-fetched.

Guess what — scammers will always exist, inside and outside of the cryptocurrency space. Nothing is going to save people from scams than to stop being so naive and delusional.

[YellowSwap]

I don't think that scammers make more money than investors because there are so many investors compared to scammers, every good crypto projects always see big adoption and the numbers of holders increase as time goes on, scammers are limited in number compared to investors.

[Poker Player]

This sounds more like a diary entry than a public forum post, but it's possible that I'm missing the point.

It's sad but true that scammers have made more money than investors themselves in this bull market

I disagree with the premise that scammers have made more money than investors, are you able to back that up?

Yea.. large scale hackers sure made a lot of money, but I think your claim is a bit too far-fetched.

I don't think that scammers make more money than investors...

I think his claim has more to do with getting paid for writing in a bounty campaign and trying to fish some merits than with describing actual facts. Most people know that if you create a thread you are more likely to receive merits than if you just comment, but not if you just write garbage that has little if not nothing to do with reality.

The only positive thing I give this is to try to warn about scams, which abound in the crypto world.

[cryptoaddictchie]

It's sad but true that scammers have made more money than investors themselves in this bull market.

Just remember that these guys will never be gone in this space considering that crypto isnt perfect and always got some loopholes. Those made huge money are literally the killer of investments and name of blockchain. But to avoid such  crime, we should always be attentive and cautious to their style and we must recognize those method in order for us to be safe.

[pakhitheboss]

Iwe investors are the ones funding scammers' pocket, this is why you should avoid most metaverse projects and play2earn games, remember they are hungry and angry people that will go any lent to achieve their ill-gotten dreams, lets stop helping them.

I haven't heard any Metaverse projects and play2earn project scam till now. Are you referring to exit scams, project theft or actual scams happening on those? If yes, then you should share some examples and if possible some proofs.

I agree with you that scammers have made more than investors in 2021 but most of those scam happened in DeFI. There was an article published on one of the major media outlet about Defi scams early this year. Here is the link to that articles.

The only way to prevent your self from getting scammed is to not become greedy and stupid.

[taufik123]

Crypto knows no mercy, scammers take advantage of every opportunity to trick you into falling into a trap that has been created.
Some investors who fall into the scammer trap of course they are novice investors and still don't understand how cryptocurrencies work.

Scammers are able to make a lot of money from crypto by phishing, trapping and even using malware and other fraudulent methods. they make good use of the negligence of crypto users. There will be no mercy, there will be no refunds.

Always be alert and don't be tempted by ridiculous promos or some emails and messages saying you got free bitcoins or something. more realistic and have to be careful..

[Lucius]

Investing in cryptocurrencies has always been something serious (at least for me personally), but from everything I can read on the forum and various media I can conclude that many approaches it in a very frivolous way. I don't understand if it's just FOMO, or does everyone think that they were born smart and that money grows on some digital tree that gives everyone as much money as they want?

In today's world, you need to know that there are bad people in all walks of life and that if you want to save yourself and your property you need to be at least one step ahead of them. You can't expect mercy from such people, they are evil and they don't care if you die of hunger or you can't buy medicine because they stole from you.

[Pmalek]

I don't think that scammers make more money than investors because there are so many investors compared to scammers, every good crypto projects always see big adoption and the numbers of holders increase as time goes on, scammers are limited in number compared to investors.

Just because someone is an investor, that doesn't mean they are a successful investor that makes profit. For every successful one, there are others who lose money in bad trades every day. Additionally, one scammer doesn't defraud just one person. The greatest scams deceive thousands, and hundreds of thousands of people at once. And they can be carried out by just one person or a small group of fraudsters. 

I agree with you that scammers have made more than investors in 2021 but most of those scam happened in DeFI. There was an article published on one of the major media outlet about Defi scams early this year. Here is the link to that articles.

Why do you agree? That article states that crypto scams generated more than $14 billions as profit for scammers, but there is no comparison to how much money was made by trading and investing in crypto in the same period.

[aysg76]

Getting scammed in this crypto market is not a new thing and normally there are many cases which we encountered associated with these scams in different manners but the results are always the same loss of funds from victims walllets.This is whole technical market and you need to be extra cautious in keeping your funds safe but most of the time people become greedy or unintentionally click on malicious links which results in these scams.

But if you say scammers are earning lot through these scams then you are absolutely right as you could see million dollars worth of scam happening most of them through these shitcoins rug pull or zero utility but still investors hope of getting something from it but only hackers get their money.According to the reports by chainanalysis data these were the numbers of scams that took place in 2021:



You could easily see the period of 2017-2018 witnessed high rate of scams as there was ICO burst and other scams occuring at that time but after that there was people awareness but the numbers seems to rise now also as there are lot of NFT and meta projects out there who have rug pulled investors of money worth million of dollars.

Some top scam coins in the previous years were as per some reports :



So they are definitely earning much but if you take into consideration the amount of investment made then the market cap is more than $2 trillion and people have also earned huge profits in their investments with this bull run which cannot be ignored and the fact is crypto industry has witnessed huge surge in volumes as new one's have joined the market.So there are no perfect reports but investors have earned a lot.

At last your security is your responsibility as you would find these scammers everywhere but keep yourself safe from them by not being greedy.

[Despairo]

You're one of victim who got scammed, because you're invest on crypto aka shitcoins where the developer created the coins out of thin air and looking for investors to buy their coins. Perhaps, you're holding your coins on centralized exchange too and not wanted to hold in non custodial wallet due to fees.

No one will turn to be scammer if they still have morale, that's why they're no mercy to anyone. Anything that money is involved, there's always a scammer behind that.

[capedbaldy]

Scammers have no mercy and that's their job, they will try to do anything to cheat until you don't realize that you are part of a scam victim, generally the targets of scams will not be much different:

- ICO/IDO scam
- Phishing
- Wallet/Exchange scam
- False signal group (Arbitrage)
- Malware
- High APY project (potential scam), etc

To avoid scam then "Control greed, multiply knowledge".

[Assmosis]

Scammers have no mercy and that's their job, they will try to do anything to cheat until you don't realize that you are part of a scam victim, generally the targets of scams will not be much different:

- ICO/IDO scam
- Phishing
- Wallet/Exchange scam
- False signal group (Arbitrage)
- Malware
- High APY project (potential scam), etc

To avoid scam then "Control greed, multiply knowledge".

There are different ways scammers target traders/investors. But their ways are not only limited to taking help from technology. They are also good with psychology and trade with people’s emotions. I think we all should be aware of that and be sceptical if anyone approaches us just because he/she is just “concerned.”.

[MetaMii]

Most of these scams work on those who can't control their greed, scam projects always have something enticing to offer but they are always too good to be true.

[SatoPrincess]

The scammers on Instagram, telegram groups are small time. You can tell, they can even hold a discussion about cryptocurrency without pulling you to invest in some site or bot. I just watched Netflix Trust No one: The Hunt for the Crypto King. Crypto scammers, the ones who pull the big heist are not always anonymous, they use their reputation to give investors a false sense of security and trust. Scammers do not only exist behind the keyboards, they are also on the front page magazines

[Cuda911]

The scammers on Instagram, telegram groups are small time. You can tell, they can even hold a discussion about cryptocurrency without pulling you to invest in some site or bot. I just watched Netflix Trust No one: The Hunt for the Crypto King. Crypto scammers, the ones who pull the big heist are not always anonymous, they use their reputation to give investors a false sense of security and trust. Scammers do not only exist behind the keyboards, they are also on the front page magazines

Yes like the bitconnect project years ago but what about hackers? They made the biggest profits to me and they remain anonymous, they are completely different from those small time scammers.

[Kasabus]

Yea.. large scale hackers sure made a lot of money, but I think your claim is a bit too far-fetched.

Guess what — scammers will always exist, inside and outside of the cryptocurrency space. Nothing is going to save people from scams than to stop being so naive and delusional.

Scammers are everywhere, where they can see targets to fall as their victims. So if most of the investors tend to be less knowledgeable and are easily to fall on traps, most likely because of greed, then they will always gain huge amount of money from the victims' pockets. I guess that's the reason they need to be smarter than us, otherwise they'll end up falling on their own traps too.

[CryptoHeadlineNews]

Scammers will never stop to exist until we are all knowledgeable enough to understand that there is no such thing as invest X and get a 30 to 100% weekly or monthly. Because that's exactly the strategy scammers now use this days.

[DVlog]

It's sad but true that scammers have made more money than investors themselves in this bull market, this is why you need to be extremely serious with your money, we investors are the ones funding scammers' pocket, this is why you should avoid most metaverse projects and play2earn games, remember they are hungry and angry people that will go any lent to achieve their ill-gotten dreams, lets stop helping them.

Its become a trend in the crypto space. Scammers always follow trends and use that hype to make scam projects. Last year when the meme coin trend become so successful we have seen a lot of copycat meme projects and later on, metaverse hype kicked in. The problem with investors is they do not put enough time to do some research about the project team and partner. As long as investors do not be conscious of their investment this type of scam will continue.