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Apparently, the crypto user copied the wrong link and mistakenly sent half a million dollars to Tether’s smart contract. The individual is extremely lucky that Tether is a centralized platform, and he’ll likely get his money back. If he had transferred, say, ETH to an Ethereum smart contract, it would have been no laughing matter. To avoid getting into such situations: ▪️ Check every digit in the recipient’s address when sending large sums. It’s worth doing this. ▪️ If you are interacting with a certain wallet for the first time, send a minimum transaction—e.g., 1 USDT—first to make sure that everything works properly. Don’t forget: Due to the decentralized nature of blockchains, if you send coins to the “wrong” place, you’re unlikely to to get them back...[read more](https://s.binance.com/hSq6qxG0) Stay vigilant! #besafe #Alert🔴 #Tether

Apparently, the crypto user copied the wrong link and mistakenly sent half a million dollars to Tether’s smart contract.

The individual is extremely lucky that Tether is a centralized platform, and he’ll likely get his money back. If he had transferred, say, ETH to an Ethereum smart contract, it would have been no laughing matter.

To avoid getting into such situations:

▪️ Check every digit in the recipient’s address when sending large sums. It’s worth doing this.

▪️ If you are interacting with a certain wallet for the first time, send a minimum transaction—e.g., 1 USDT—first to make sure that everything works properly.

Don’t forget: Due to the decentralized nature of blockchains, if you send coins to the “wrong” place, you’re unlikely to to get them back...read more

Stay vigilant!

#besafe #Alert🔴 #Tether

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You can buy $BTC today and lose all your money in the next few months/years You can buy $BNB today and lose all your money in the next few months/years This is cryptocurrency We have no control over the market, the market can be manipulated but it can never be fully controlled Crypto is volatile, buying the top coins will not save you from losing your money in the nearest future We can wake up one morning and discover that Satoshi has activated his/her wallet and sold all the bitcoins in them and then we see more individuals like Elon Musk and Michael Saylor sell off their bitcoins and what about coinbase ? Coinbase holds almost 1 million BTC in total, what if they suffer an exploit and they have to sell off their bitcoins to settle customers ? What do you think would be the fate of Cryptocurrency if such ever happens at the same period ? All we are trying to say is Crypto is volatile, buying the top coins will not save you from losing your money in the nearest future Satoshi Nakamoto is the largest holder of Bitcoin, purported to be in possession of 1.1 million Bitcoin worth approximately $50 billion at today’s prices. Coinbase holds almost 1 million BTC in total. Binance, Grayscale and Bitfinex also hold large amounts, custodying over 600,000. 450,000 and 200,000 BTC respectively. Do well with this information If you find this information educative,entertaining, informative and helpful, please do well to support us by giving this post a Like 👍, Share and most importantly a Follow Let’s work together and get this post to over a thousand likes, we believe this post will get to over 5000 views and giving this post a like will only take you 1 second #xmucan
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Ways P2P scammers tricked me and stole all my savings of $10,000 P2P trading on Binance can be a convenient way to buy and sell cryptocurrencies, but it also comes with risks. Scammers are constantly devising new schemes to trick unsuspecting traders. Here are some common scams to watch out for: Payment Reversal Scams: Scammers send funds through a payment app, claim they made a mistake, and ask for a refund. Once you refund the money, they reverse the initial payment. Fake Payment Confirmation: Scammers create fake payment confirmation screenshots to trick you into releasing your goods or services without actually paying. Overpayment Scams: Scammers overpay for an item and ask for a refund of the excess amount. The initial payment is fake, leaving you out of pocket. Escrow Impersonation: Scammers pose as reputable escrow services, offering to hold funds until the transaction is complete. They disappear once you've sent your items or released the funds. Identity Theft: Sharing personal information for verification purposes can lead to identity theft or other fraudulent activities. Remote Access Scams: Scammers convince you to install remote access software under the pretext of assisting with the transaction. They can then steal sensitive information or manipulate the trade. To protect yourself: Use Reputable Platforms: Stick to well-known and reputable P2P trading platforms like Binance. Verify Payments: Always verify payments in your account before proceeding with a trade. Double-Check Details: Scrutinize all trade details and reach out to official customer support if something seems off. Secure Communication: Use the platform's secure messaging system and avoid sharing personal contact information too early. Educate Yourself: Stay informed about the latest scams and tactics used by scammers in P2P trading. Stay vigilant and protect yourself from falling victim to these scams. Remember to like, and share #ScamRiskWarning #scammeralert #ScamDump #P2PScam #BinanceScamAlert
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