Protect Yourself from Crypto Frauds
Cryptocurrency-based crime hit a new all-time high in 2021, with illicit addresses receiving $14 billion over the course of the year, up from $7.8 billion in 2020 according to a report by blockchain data firm Chainalysis.
A few examples of popular crypto scams include: hacked influencers, fake ICOs, phishing scams, and pump and dumps. Common red flags that could indicate your dealing with a crypto scam include: promises of unrealistic returns, crude websites, the lack of an adequate whitepaper, limited team visibility, requests for private keys, and free crypto giveaways.
If you’re interested in crypto, it’s important to be aware of the risks and how to prevent such scams from happening to your account.
- Understand nature of crypto scams and how they operate operate.
- Learn how to identify different types of crypto scams of centralized and decentralized exchanges.
- Learn how to trace and file action against crypto fraud.
- How to Protect and Prevent yourself from crypto scams and fraudulent transactions.