Cryptocurrency Scam – Crypto Scam
Have you already dealt with the topic “Cryptocurrencies”? The Bitcoin currency in particular has been experiencing a boom for some time, which hardly any financial expert expected 10 years ago. But even in this case, one thing is certain: if there is a new way of making money, people will also appear who build scams on it.
In the field of cryptocurrencies, we have already noticed some scammers’ concepts that are repeated over and over again. And despite the fact that the procedure is always the same, these criminal ventures are still crowned with success. But how do crypto scammers go about it?
Trap #1: The fake website
Every one of us has made a typing error when entering an address in the browser. Marketing specialists do not take advantage of these typos by registering these misspelled addresses and providing a website for your product. But scammers also use this opportunity. Instead of a specially developed website, however, the site of a reputable cryptocurrency provider is then copied and stored on a typo domain. The user usually does not notice his mistake and thus invests in a fraudulent provider. A typical crypto scam.
Trap No. 2: The fake app – bitcoin ripped off by supposedly safe providers
In many cases, banking transactions are now carried out using smartphones. And even stock trading has now moved to mobile phones. It goes without saying that trading in cryptocurrencies has long since found its way onto the mobile Internet. And this is where scammers come in. With fake apps that Android and iOS users download from the AppStore or PlayStore as usual, criminals pretend to be a reputable retailer. Most users only notice the deception when the damage has already occurred.
Trap #3: The Fake Headline – Who Driven Bitcoin
Again and again we receive inquiries that revolve around the authenticity of news and advertising messages. Above all, an advertising message should be mentioned here, which advertises with the well-known investor series “The Lion’s Den”. The headline of the ad reads about a new investment opportunity that even the members of the investor group are excited about. Never trust such advertisements. In most cases, such advertising is based on perfidious planned fraud. The same applies to posts in social networks. When celebrities or well-known personalities are advertised in connection with investment opportunities, dishonest intent is very often involved.
Trap #4: The Fake Email – Beware of Bitcoin Scams
E-mails are the classic fraud attempts. Surely you have already received e-mails from a bank. In these you will be asked to visit a website in order to compare the data you have stored there. Ebay, Amazon and other online retailers are also popular for this scam – so-called phishing.
Cryptocurrency scammers also use email as a medium to trap unsuspecting users. Similar to phishing, the email appears to come from a professional and reputable provider. Calling up the website, which is of course fake, does not suggest any bad intentions either. And yet, at this point, users are already falling into the trap.
Don’t be fooled – uncover bitcoin fraud cases
Fraud is not always immediately apparent. And the creators of criminal scams are getting better at what they do. If you intend to invest in cryptocurrencies, pay close attention to which provider you invest your money with. If you have doubts or don’t know whether you have already been a victim of fraud, we are the right people to talk to.