Reminders to all Crypto Lovers

[Silberman]

Seriously has anyone fall or experience to romance scam situation? I think this is a bit of effort if someone trys to let them or make them fall in love and the goal was simply to knock out some of your funds by stealing or hacking.

I do not remember seeing this in this market however it is a very common scam with fiat when it comes to long distance romance, they will not ask money upfront instead what the scammer does is that they claim that a family member is sick and that they have to buy a medicine that is only available on their country and they want to know if you can support them, now the amount they ask could be relatively small for us but for the scammers which can do this over and over again it can be more than enough to get them to live a comfortable life in the country where they live.

[wiss19]

Unfortunately, these days you don't even need to have anything like p2p to scam people. You could have a website that is looking "legit" but in reality, would be a ponzi scheme.

Most commonly, for many years people put their money into many exchanges, and exchanges didn't protect themselves carefully and got "hacked", we can't really know if they were hacked or they just stole our money but the result were the same.

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

[kamvreto]

Unfortunately, these days you don't even need to have anything like p2p to scam people. You could have a website that is looking "legit" but in reality, would be a ponzi scheme.

Most commonly, for many years people put their money into many exchanges, and exchanges didn't protect themselves carefully and got "hacked", we can't really know if they were hacked or they just stole our money but the result were the same.

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

Exchanges claiming to be hacked are just an excuse to take all the assets of their users. Just look at the several incidents that stated the exchange was hacked without any solution to restore the user's assets in total. and There are also cases of exchange founders who faked their deaths and made off with a lot of money so easily. Exchange is currently not safe anymore, many cases have occurred so users are also worried and don't want to put all their money in.

It's a profitable business for exchange founders. declared the exchange hacked, bankrupt and other things, and the case closed. it's so scary. This is the genius of a big scam, a big scam for which it is not clear whether the founder will be punished and compensated or not.

[blockman]

Unfortunately, these days you don't even need to have anything like p2p to scam people. You could have a website that is looking "legit" but in reality, would be a ponzi scheme.

Most commonly, for many years people put their money into many exchanges, and exchanges didn't protect themselves carefully and got "hacked", we can't really know if they were hacked or they just stole our money but the result were the same.

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

That's another type of scam and people who are still not aware of the existence of another type of scam, they're the ones likely that will be a victim of those types of scams.
Someone who's looking legitimate into how professional the website looks like, they're also using that tactic because it can easily prey on people that have no idea about the style.
Note, it's not limited to crypto but also in banking and other financial services that requires a website access.

[Hamphser]

Unfortunately, these days you don't even need to have anything like p2p to scam people. You could have a website that is looking "legit" but in reality, would be a ponzi scheme.

Most commonly, for many years people put their money into many exchanges, and exchanges didn't protect themselves carefully and got "hacked", we can't really know if they were hacked or they just stole our money but the result were the same.

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

That's another type of scam and people who are still not aware of the existence of another type of scam, they're the ones likely that will be a victim of those types of scams.
Someone who's looking legitimate into how professional the website looks like, they're also using that tactic because it can easily prey on people that have no idea about the style.
Note, it's not limited to crypto but also in banking and other financial services that requires a website access.

We should really be careful on things that is around on which there are lots of methods on which these fraudsters do really tend to hook up people on such scam even though it is way to obvious on some
eyes but most of the time which people do really still ending up on falling and get victimized.We could eventually avoid these things on reading up on others experiences and other real time engagement.
Its  understandable that being a newbie does really have that kind of lacking of knowledge and awareness around but reading up on others experiences would really be giving you out some
hint or idea which you could really make use for you to make yourself that prepared. Hacking,scamming,exploits,illegal means is really very common on this space.
It isnt different on things that we've been dealing on those typical things before crypto.Be careful as much as you could!

[Silberman]

Unfortunately, these days you don't even need to have anything like p2p to scam people. You could have a website that is looking "legit" but in reality, would be a ponzi scheme.

Most commonly, for many years people put their money into many exchanges, and exchanges didn't protect themselves carefully and got "hacked", we can't really know if they were hacked or they just stole our money but the result were the same.

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

Exchanges claiming to be hacked are just an excuse to take all the assets of their users. Just look at the several incidents that stated the exchange was hacked without any solution to restore the user's assets in total. and There are also cases of exchange founders who faked their deaths and made off with a lot of money so easily. Exchange is currently not safe anymore, many cases have occurred so users are also worried and don't want to put all their money in.

It's a profitable business for exchange founders. declared the exchange hacked, bankrupt and other things, and the case closed. it's so scary. This is the genius of a big scam, a big scam for which it is not clear whether the founder will be punished and compensated or not.

It is obvious a great deal of exchanges when they realize their time is up  come up with the excuse of being hacked to steal whatever money is left at the exchange, and there is still a lot of people which believe that excuse, and the ones which do not believe it like us are most likely people that do not use exchanges anyway so we were never at risk of losing a single dollar, still I hope people learn from this and never trust in exchanges ever again as they have shown they are not worthy of that trust.

[GeorgeJohn]

Tip 1: Use trusted platforms with KYC

This doesn't mean much and scammers can use fake/stolen documents. Thousands of users have been using no kyc exchanges and they have been fine.

Scammers using fake documents for KYC verification, i think it will bounce later irrespective how legit it's, from my observation some website doesn't accept a scan documents, that's while they do demand for the edge to verify it, the process of using fake documents for verification, they most something that will indicates the errors.

[Rengga Jati]

2. Investment Scams

If romance scams deal with emotions towards a fictitious “lover,” what drives this MITM scam scenario is an individual’s desire
to quickly profit from an investment.

Investment scam, this is very usual to happen. We cannot deny that many people, especially newbies, are trapped by this kind of scam. Newbies usually often encounter this kind of scam, even if it doesn't end. Because, many people only think of getting more money from cryptocurrency investments, faster, and want to be like everyone else when they get rich because of crypto investments. Thus, they will be easily trapped by scammers who promise high profits, even though it's just empty and fraudulent.

Use trusted platforms with KYC

This may not be a preference for some people, because they want more privacy by investing in cryptocurrency. That is why there are some different opinions about using exchanges with KYC or not. But, for me, we need to be wise and smart in choosing the platform, check for the reputation and only use top exchanges.

[Potato Chips]

Tip 1: Use trusted platforms with KYC

This doesn't mean much and scammers can use fake/stolen documents. Thousands of users have been using no kyc exchanges and they have been fine.

Scammers using fake documents for KYC verification, i think it will bounce later irrespective how legit it's, from my observation some website doesn't accept a scan documents, that's while they do demand for the edge to verify it, the process of using fake documents for verification, they most something that will indicates the errors.

With technology rapidly improving, liveness/video verification can be bypassed e.g. deep fake, etc. It doesn't help that data breaches and average people are mindlessly sharing their information online are all too common of a happening. In fact, buying and selling of fraud accounts are already in high demand in the black market, see:

“We are producing from 1,500 to 2,000 synthetic verified accounts each month,” an operator of one such service told CoinDesk in an interview via the Telegram messaging app.

[Awaklara]

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

therefore, we don't need to put much trust in any exchange platform. never put your money there, especially if you are going to leave it for a long time. scams like this are scary. but with what's been going on, it's sure to be a rewarding experience for anyone putting their money into the exchange. be more careful with the assets we have. own assets by having the keys in our hands.

[deathcode]

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

therefore, we don't need to put much trust in any exchange platform. never put your money there, especially if you are going to leave it for a long time. scams like this are scary. but with what's been going on, it's sure to be a rewarding experience for anyone putting their money into the exchange. be more careful with the assets we have. own assets by having the keys in our hands.

Yes, it's true that saving our assets on the exchange may not be wise.
Let alone putting everything on exchange for such a long time, really can't imagine how terrible it could be.
Of course there have been a lot of frauds that have occurred, even though we are always vigilant and careful and store assets in our wallet with our own key.
Even not just beginners but even advanced ones sometimes still fall into the traps of hackers.
Hackers always have many ways to try to find loopholes to steal our assets.

[Golfler]

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

therefore, we don't need to put much trust in any exchange platform. never put your money there, especially if you are going to leave it for a long time. scams like this are scary. but with what's been going on, it's sure to be a rewarding experience for anyone putting their money into the exchange. be more careful with the assets we have. own assets by having the keys in our hands.

Yes, it's true that saving our assets on the exchange may not be wise.
Let alone putting everything on exchange for such a long time, really can't imagine how terrible it could be.
Of course there have been a lot of frauds that have occurred, even though we are always vigilant and careful and store assets in our wallet with our own key.
Even not just beginners but even advanced ones sometimes still fall into the traps of hackers.
Hackers always have many ways to try to find loopholes to steal our assets.

Yes, it’s very good, the exchange’s own authority is too great, they can issue USDT by themselves, retail investors will not find out, especially contract users, they are not crushed by the market but killed by the exchange. Very dark.

[Fatunad]

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

therefore, we don't need to put much trust in any exchange platform. never put your money there, especially if you are going to leave it for a long time. scams like this are scary. but with what's been going on, it's sure to be a rewarding experience for anyone putting their money into the exchange. be more careful with the assets we have. own assets by having the keys in our hands.

Yes, it's true that saving our assets on the exchange may not be wise.
Let alone putting everything on exchange for such a long time, really can't imagine how terrible it could be.
Of course there have been a lot of frauds that have occurred, even though we are always vigilant and careful and store assets in our wallet with our own key.
Even not just beginners but even advanced ones sometimes still fall into the traps of hackers.
Hackers always have many ways to try to find loopholes to steal our assets.

But differentiating newbies to veteran ones when it comes to awareness and steps been made then it would really be that noticeable.Its true though that there's no such thing about 100% safe
but having that awareness then you are more that aware on how to deal up with these things along the way.Some might really be able to end up as a mistake but most of the time
you would be able to avoid such risks considering that you are really that fully aware on whats happening around.
Always be vigilant with your crypto assets, and you should really make sure on making use of your common sense.

[Silberman]

This means that we saw a lot of money put their money as a whole, the "business" worked as intended for many years, but then one day suddenly they just stopped and took our money and left. That’s the scary part and it could happen and that type of scam is horrible.

therefore, we don't need to put much trust in any exchange platform. never put your money there, especially if you are going to leave it for a long time. scams like this are scary. but with what's been going on, it's sure to be a rewarding experience for anyone putting their money into the exchange. be more careful with the assets we have. own assets by having the keys in our hands.

All the people that joins the markets do so with only one idea in mind, and that is to make money, however they need to understand that before they make any money they need to protect the money they already have, it is kind of contradictory because we need to put our money at risk if we want to earn money in the markets, but we need to learn to recognize if the risk we are taking is comparable with the profits we expect to get, and once we begin to take this into account we can clearly see that a great deal of the scams we can find on this market do not pass such a small exercise.

[ShowOff]

All the people that joins the markets do so with only one idea in mind, and that is to make money, however they need to understand that before they make any money they need to protect the money they already have, it is kind of contradictory because we need to put our money at risk if we want to earn money in the markets, but we need to learn to recognize if the risk we are taking is comparable with the profits we expect to get, and once we begin to take this into account we can clearly see that a great deal of the scams we can find on this market do not pass such a small exercise.

Of course, things like this need to be considered carefully by everyone before they plan the results of long-term investments. Money isn't made easily in the market, many things have to influence it and their investment safety advice is even one of the most important things said all the time.

Regardless of the value of our investment, no matter how good our future plans are, and no matter how good the analysis we make, if we never pay attention to risks including security risks then I don't think we will be able to enjoy the results. The important lesson today is, don't keep your funds in the stock market for long-term investments.

[LUCKMCFLY]

There is something that I would like to emphasize, because where I live they have done it and continue to do it a lot, it is the pyramid or ponzi schemes, it is incredible, but many people continue to believe in that, many more people also continue to fall, they have the false belief that if they enter first, they will never lack money, and it could be that way at first, but later it is impossible for a pyramid to be sustained, it is something like what happened with the NFT games, which in the end they managed most of it being a scam, I think that is what people are currently experiencing and they continue to fall, they say deposit 3usd in Bitcoin and after 3 weeks they will receive 300usd.

[_BlackStar]

-snip-
they say deposit 3usd in Bitcoin and after 3 weeks they will receive 300usd.

That is one strong piece of evidence to say they are a ponzi scheme especially if the platform promises ridiculous returns. Bitcoin has never promised returns to its investors and traders, so any one of them promises returns within certain timeframe, then believe it is a ponzi scheme. They should avoid it as much as possible, they should care about money.

[LUCKMCFLY]

Seriously has anyone fall or experience to romance scam situation? I think this is a bit of effort if someone trys to let them or make them fall in love and the goal was simply to knock out some of your funds by stealing or hacking.

I do not remember seeing this in this market however it is a very common scam with fiat when it comes to long distance romance, they will not ask money upfront instead what the scammer does is that they claim that a family member is sick and that they have to buy a medicine that is only available on their country and they want to know if you can support them, now the amount they ask could be relatively small for us but for the scammers which can do this over and over again it can be more than enough to get them to live a comfortable life in the country where they live.

Well this is something that I think is very common today, there are many people who have needs and it is very easy for them to cheat through romantic things or falling in love, now there are things that are very easy if people want to spend money, like onlyu fans, who It is not focused on a scam, but they are temporary things that people usually pay a lot, now I know a friend who when we were in the u, he fell in love with a Russian, and supposedly he was going to come, he sent him the money and everything for his tickets and everything that had to do with bringing her, he even sold a truck for that, we played a lot of jokes on him, but in the end I know that they robbed him, they scammed him and that was something that he did not even tell us, the bullying would have been impressive.

[borovichok]

There is something that I would like to emphasize, because where I live they have done it and continue to do it a lot, it is the pyramid or ponzi schemes, it is incredible, but many people continue to believe in that, many more people also continue to fall, they have the false belief that if they enter first, they will never lack money, and it could be that way at first, but later it is impossible for a pyramid to be sustained, it is something like what happened with the NFT games, which in the end they managed most of it being a scam, I think that is what people are currently experiencing and they continue to fall, they say deposit 3usd in Bitcoin and after 3 weeks they will receive 300usd.

There are various kinds of scams in the space and it only takes an experience trader or investor to know the whole operation of the space. It's not easy to caption everything concerning the fraud operation, like the fake coins which only display glitch price compared to the main token, undesigned NFTs with no single value in the market, Ponzi scheme is the major stuff that entrapped more traders because they tend to believe that it's favorable to everyone, forgetting how the whole operation always fixed at the end.

[crzy]

-snip-
they say deposit 3usd in Bitcoin and after 3 weeks they will receive 300usd.

That is one strong piece of evidence to say they are a ponzi scheme especially if the platform promises ridiculous returns. Bitcoin has never promised returns to its investors and traders, so any one of them promises returns within certain timeframe, then believe it is a ponzi scheme. They should avoid it as much as possible, they should care about money.

New year, new ways to scam people and this has been the trend in cryptomarket.
We should know by that what’s a scam project and what is a good one. If you believe on this easily then the probability to get scammed are very high. We should always remember that there is no easy money here and everything needs to be analyzed.