Scammers
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Cz_Binance Exposed Scammers
And he saved $20M so be careful and have safe trading and protect your Crypto in secure wallet.
#GOATMoments
#Scammers
#crypto
#ProtectingInvestors
#Safety
And he saved $20M so be careful and have safe trading and protect your Crypto in secure wallet.
#GOATMoments
#Scammers
#crypto
#ProtectingInvestors
#Safety
$BTC $ETH $BNB ☀️CATEGORIES OF PEOPLE IN #cryptocurrency SPACE☀️ WHERE DO YOU BELONG
🔥#Investors & Traders: These individuals buy and trade cryptocurrency with the aim of making a profit. Investors often hold assets for the long term, while traders engage in short-term buying and selling.
🔥#developers : They work on the technical aspects of blockchain projects. They create and maintain the underlying software and protocols, making advancements in technology.
🔥#Miners : They use computational power to validate and secure transactions on blockchain networks. They are rewarded with cryptocurrency for their mining efforts.
🔥 Exchanges & Wallet Providers: Cryptocurrency exchanges facilitate the buying and selling of digital assets, while wallet providers offer secure storage solutions for cryptocurrency.
🔥 Blockchain Enthusiasts: These individuals have a keen interest in blockchain technology and cryptocurrency, often advocating for their adoption and educating others.
🔥 Regulators & Policymakers: Government agencies and regulators are responsible for creating and enforcing laws and regulations related to cryptocurrency to ensure compliance and protect consumers.
🔥 Blockchain Researchers: Academics and researchers study various aspects of blockchain and cryptocurrency technology, contributing to its understanding and development.
🔥 Entrepreneurs: They create and launch new blockchain projects, tokens, and (#DApps).
🔥 Media & Educators: Journalists, content creators, and educators provide information and analysis about the cryptocurrency space to inform and educate the public.
🔥 Holders & HODLers: They purchase cryptocurrency and hold them for the long term, often with the belief that the value will appreciate over time.
🔥#Scammers : Unfortunately, there are individuals who engage in fraudulent activities in the cryptocurrency space, such as phishing, & hacking.
🔥 Early Adopters & Innovators: Those who were among the first to embrace cryptocurrency, contributing to its growth and development in its early stages.
🔥#Investors & Traders: These individuals buy and trade cryptocurrency with the aim of making a profit. Investors often hold assets for the long term, while traders engage in short-term buying and selling.
🔥#developers : They work on the technical aspects of blockchain projects. They create and maintain the underlying software and protocols, making advancements in technology.
🔥#Miners : They use computational power to validate and secure transactions on blockchain networks. They are rewarded with cryptocurrency for their mining efforts.
🔥 Exchanges & Wallet Providers: Cryptocurrency exchanges facilitate the buying and selling of digital assets, while wallet providers offer secure storage solutions for cryptocurrency.
🔥 Blockchain Enthusiasts: These individuals have a keen interest in blockchain technology and cryptocurrency, often advocating for their adoption and educating others.
🔥 Regulators & Policymakers: Government agencies and regulators are responsible for creating and enforcing laws and regulations related to cryptocurrency to ensure compliance and protect consumers.
🔥 Blockchain Researchers: Academics and researchers study various aspects of blockchain and cryptocurrency technology, contributing to its understanding and development.
🔥 Entrepreneurs: They create and launch new blockchain projects, tokens, and (#DApps).
🔥 Media & Educators: Journalists, content creators, and educators provide information and analysis about the cryptocurrency space to inform and educate the public.
🔥 Holders & HODLers: They purchase cryptocurrency and hold them for the long term, often with the belief that the value will appreciate over time.
🔥#Scammers : Unfortunately, there are individuals who engage in fraudulent activities in the cryptocurrency space, such as phishing, & hacking.
🔥 Early Adopters & Innovators: Those who were among the first to embrace cryptocurrency, contributing to its growth and development in its early stages.
REXBOX – Twitter Verification Badge Becomes a Tool for Crypto Scammers
REXBOX –
ZachXBT, an on-chain crypto scam investigator, recently raised alarms over scam accounts using Twitter verification to gain credibility. He stated, “The phishing scam spam from fake verified orgs on Twitter has gotten out of control…Their team needs to reevaluate how these accounts get approved I think.”
ZachXBT emphasized that the verification badge, designed initially to make impersonation difficult, has inadvertently given birth to a black market.
Twitter Verification System Aids a ‘Black Market’
The fraud accounts are especially targeting the crypto investors, per the analyst. ZachXBT added, “I think most of X team probably does not realize bc scammers mainly focus on crypto twitter niche.”
He identified around 12 verified fake accounts that erupted in under two days. Therefore, ZachXBT asked the platform’s management to reconsider their verification process.
As per reports, Twitter plans to enhance its identity verification systems. In the past, an impersonation crisis temporarily hampered the company’s paid verification plans.
Now, Twitter might now be relying on introducing another layer of security. Nima Owji, an app researcher, revealed a screenshot detailing a feature that requires users to upload a government-issued ID and a selfie for verification.
Is Verification Alone Enough to Combat Fraud?
Twitter underlines that for verification, “Your account must have no signs of being misleading or deceptive.” It adds, “Your account must have no signs of engaging in platform manipulation and spam.”
However, a report by The Guardian reveals that Twitter’s verification system isn’t bulletproof against scams. It notes that banking clients and airline travelers have been susceptible to phishing fraud. Especially when they express grievances through Twitter. Scammers also reportedly disguise themselves as customer support representatives, using fake verified accounts to dupe individuals into revealing sensitive and personal details.
From April 1, 2023, Twitter began phasing out its legacy verification system. Accounts that were verified under old parameters lost their blue checkmarks unless they subscribed to Twitter Premium. Sometimes, the eligibility criteria are the bare minimum, requiring a complete profile, recent active usage, and a verified phone number.
However, the scam issues extend beyond Twitter. BeInCrypto recently reported that the crypto industry has been contending with fraudulent Google advertisements and websites that mirror legitimate platforms. Similar problems arose on Meta, formerly known as Facebook.
Therefore, while Twitter needs to enhance its verification process, tech giants must also put sufficient safeguards in place and clamp down on a new breed of tech-savvy fraudsters.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.
#Twitter #Verification #Badge #Tool #Crypto #Scammers
ZachXBT, an on-chain crypto scam investigator, recently raised alarms over scam accounts using Twitter verification to gain credibility. He stated, “The phishing scam spam from fake verified orgs on Twitter has gotten out of control…Their team needs to reevaluate how these accounts get approved I think.”
ZachXBT emphasized that the verification badge, designed initially to make impersonation difficult, has inadvertently given birth to a black market.
Twitter Verification System Aids a ‘Black Market’
The fraud accounts are especially targeting the crypto investors, per the analyst. ZachXBT added, “I think most of X team probably does not realize bc scammers mainly focus on crypto twitter niche.”
He identified around 12 verified fake accounts that erupted in under two days. Therefore, ZachXBT asked the platform’s management to reconsider their verification process.
As per reports, Twitter plans to enhance its identity verification systems. In the past, an impersonation crisis temporarily hampered the company’s paid verification plans.
Now, Twitter might now be relying on introducing another layer of security. Nima Owji, an app researcher, revealed a screenshot detailing a feature that requires users to upload a government-issued ID and a selfie for verification.
Is Verification Alone Enough to Combat Fraud?
Twitter underlines that for verification, “Your account must have no signs of being misleading or deceptive.” It adds, “Your account must have no signs of engaging in platform manipulation and spam.”
However, a report by The Guardian reveals that Twitter’s verification system isn’t bulletproof against scams. It notes that banking clients and airline travelers have been susceptible to phishing fraud. Especially when they express grievances through Twitter. Scammers also reportedly disguise themselves as customer support representatives, using fake verified accounts to dupe individuals into revealing sensitive and personal details.
From April 1, 2023, Twitter began phasing out its legacy verification system. Accounts that were verified under old parameters lost their blue checkmarks unless they subscribed to Twitter Premium. Sometimes, the eligibility criteria are the bare minimum, requiring a complete profile, recent active usage, and a verified phone number.
However, the scam issues extend beyond Twitter. BeInCrypto recently reported that the crypto industry has been contending with fraudulent Google advertisements and websites that mirror legitimate platforms. Similar problems arose on Meta, formerly known as Facebook.
Therefore, while Twitter needs to enhance its verification process, tech giants must also put sufficient safeguards in place and clamp down on a new breed of tech-savvy fraudsters.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.
#Twitter #Verification #Badge #Tool #Crypto #Scammers
'#Scammers ' impersonate Crypto Twitter users on Threads as users near 100M
Threads are already seeing potential crypto scammers arrive on the platform as Crypto Twitter personas warn of impersonators on the app.
🎯#1000XEC/USDT has touched 3308 and has completed all the profit targets - Close it
🎯#OCEAN/USDT has touched 0.3890 and has completed all the profit targets - Trade closed
🎯#GTC/USDT has touched 0.891 and has completed all the profit targets - Close it
#crypto
Threads are already seeing potential crypto scammers arrive on the platform as Crypto Twitter personas warn of impersonators on the app.
🎯#1000XEC/USDT has touched 3308 and has completed all the profit targets - Close it
🎯#OCEAN/USDT has touched 0.3890 and has completed all the profit targets - Trade closed
🎯#GTC/USDT has touched 0.891 and has completed all the profit targets - Close it
#crypto
#Cryptocurrency #Scammers Steal £180,000 from Norfolk Resident
A resident of Norfolk, England, has lost £180,000 (approximately $227,412) falling victim to cryptocurrency scammers who gained access to her personal devices.
Local law enforcement reports that the Norfolk resident filled out an online form promoted in the context of cryptocurrency investments. Subsequently, unknown individuals contacted her, promising to open a trading account and manage it on her behalf in the cryptocurrency market. The criminals maintained contact with the victim for six months.
Gaining her trust, the scammers convinced the woman to grant them remote access to her phone and laptop to periodically transfer substantial sums of money. She believed that these funds were being invested in digital assets. The deception was uncovered when she reached out to her bank to inquire about the status of the transfer. It turned out that there were no investments, and the money had been stolen by the fraudsters.
"The first thing I felt when I learned about this fraud was fear for my future because I was left with almost nothing. My life will never be the same, and it's difficult for me to grasp just how ruthless some people can be," shared the deceived woman.
Norfolk Police urge the public to exercise caution when it comes to cryptocurrency investments. Scammers frequently lure individuals through social media or fake websites. To make their advertisements seem credible, fraudsters may use photos or fake endorsements from celebrities. Police emphasize that no legitimate company will pressure people into investments and recommend conducting thorough research before parting with money.
A similar incident occurred in Chelyabinsk, Russia, where police arrested an immigrant who had been deceived out of 3 million rubles under the pretense of selling cryptocurrency.
#Scam #cryptoshark
A resident of Norfolk, England, has lost £180,000 (approximately $227,412) falling victim to cryptocurrency scammers who gained access to her personal devices.
Local law enforcement reports that the Norfolk resident filled out an online form promoted in the context of cryptocurrency investments. Subsequently, unknown individuals contacted her, promising to open a trading account and manage it on her behalf in the cryptocurrency market. The criminals maintained contact with the victim for six months.
Gaining her trust, the scammers convinced the woman to grant them remote access to her phone and laptop to periodically transfer substantial sums of money. She believed that these funds were being invested in digital assets. The deception was uncovered when she reached out to her bank to inquire about the status of the transfer. It turned out that there were no investments, and the money had been stolen by the fraudsters.
"The first thing I felt when I learned about this fraud was fear for my future because I was left with almost nothing. My life will never be the same, and it's difficult for me to grasp just how ruthless some people can be," shared the deceived woman.
Norfolk Police urge the public to exercise caution when it comes to cryptocurrency investments. Scammers frequently lure individuals through social media or fake websites. To make their advertisements seem credible, fraudsters may use photos or fake endorsements from celebrities. Police emphasize that no legitimate company will pressure people into investments and recommend conducting thorough research before parting with money.
A similar incident occurred in Chelyabinsk, Russia, where police arrested an immigrant who had been deceived out of 3 million rubles under the pretense of selling cryptocurrency.
#Scam #cryptoshark
🚨 Protect Yourself from Crypto Scams: An #Educational Thread 🚨
In the vast world of cryptocurrency, scams can pose significant threats. Let's delve into how to stay secure and avoid falling victim to fraudulent schemes, particularly those involving web3 wallets.
🧐 **How #Scammers Operate:**
Fraudulent actors may create enticing offers or promotions, urging users to download a web3 wallet from unverified sources. These wallets may appear legitimate, but they are designed to capture sensitive information, jeopardizing your crypto holdings.
💡 **Protective Measures:**
1️⃣ **Stick to Trusted Platforms:**
Only download wallets from reputable and official sources. Ensure that the platform you choose has a proven track record in the crypto community.
2️⃣ **Verify Developers:**
Check the background and reputation of the wallet's developers. Legitimate wallets are transparent about their teams and undergo community scrutiny.
3️⃣ **Community Recommendations:**
Seek recommendations from trusted sources within the crypto community. Fellow users can provide insights based on their experiences, helping you make informed choices.
4️⃣ **Stay Informed:**
Regularly update yourself on common scam tactics. Awareness is a powerful defense against falling victim to fraudulent activities.
5️⃣ **Official Websites Only:**
When interacting with cryptocurrencies, access official websites directly. Avoid clicking on links from unsolicited messages or unverified sources.
🚫 **Red Flags to Watch Out For:**
- Unsolicited messages promoting wallets.
- Urgent requests for immediate action.
- Lack of transparent information about the wallet's developers.
📢 **Spread the Knowledge:**
Educate your fellow crypto enthusiasts about the importance of web3 wallet security. Share this thread to create awareness and empower the community against scams.
💪 **Together, we can build a safer crypto environment. Stay vigilant, stay informed!** #CryptoSecurityClarification #Web3Wallet s #ScamPrevention
In the vast world of cryptocurrency, scams can pose significant threats. Let's delve into how to stay secure and avoid falling victim to fraudulent schemes, particularly those involving web3 wallets.
🧐 **How #Scammers Operate:**
Fraudulent actors may create enticing offers or promotions, urging users to download a web3 wallet from unverified sources. These wallets may appear legitimate, but they are designed to capture sensitive information, jeopardizing your crypto holdings.
💡 **Protective Measures:**
1️⃣ **Stick to Trusted Platforms:**
Only download wallets from reputable and official sources. Ensure that the platform you choose has a proven track record in the crypto community.
2️⃣ **Verify Developers:**
Check the background and reputation of the wallet's developers. Legitimate wallets are transparent about their teams and undergo community scrutiny.
3️⃣ **Community Recommendations:**
Seek recommendations from trusted sources within the crypto community. Fellow users can provide insights based on their experiences, helping you make informed choices.
4️⃣ **Stay Informed:**
Regularly update yourself on common scam tactics. Awareness is a powerful defense against falling victim to fraudulent activities.
5️⃣ **Official Websites Only:**
When interacting with cryptocurrencies, access official websites directly. Avoid clicking on links from unsolicited messages or unverified sources.
🚫 **Red Flags to Watch Out For:**
- Unsolicited messages promoting wallets.
- Urgent requests for immediate action.
- Lack of transparent information about the wallet's developers.
📢 **Spread the Knowledge:**
Educate your fellow crypto enthusiasts about the importance of web3 wallet security. Share this thread to create awareness and empower the community against scams.
💪 **Together, we can build a safer crypto environment. Stay vigilant, stay informed!** #CryptoSecurityClarification #Web3Wallet s #ScamPrevention
- #Scam Sniffer monitoring has exposed 186 fraudulent tokens created on Uniswap in the last two months, falsely involving 2,657 addresses for exchange.
- #Scammers have employed sophisticated techniques to generate numerous illegitimate tokens on Uniswap.
- These scammers impersonate legitimate address holders, tricking unsuspecting users into their fraudulent activities.
- With a rise in scam incidents, #market participants should exercise extreme caution during token exchanges.
- Users are advised to conduct thorough research and validate the legitimacy of tokens and addresses before engaging, safeguarding themselves from potential losses.
- The #crypto #community should collaborate to raise awareness and counter the escalating threat posed by scammers.
$BTC $ETH $BNB
- #Scammers have employed sophisticated techniques to generate numerous illegitimate tokens on Uniswap.
- These scammers impersonate legitimate address holders, tricking unsuspecting users into their fraudulent activities.
- With a rise in scam incidents, #market participants should exercise extreme caution during token exchanges.
- Users are advised to conduct thorough research and validate the legitimacy of tokens and addresses before engaging, safeguarding themselves from potential losses.
- The #crypto #community should collaborate to raise awareness and counter the escalating threat posed by scammers.
$BTC $ETH $BNB
A Ponzi scheme is a type of pyramid scheme in which investors benefit from contributions from new investors rather than profits generated by a real business. The scheme is named after Charles Ponzi, an Italian immigrant who defrauded thousands of people in the United States in the early 20th century.
In a Ponzi scheme, the scammer promises investors high rates of return with little or no risk. To attract new investors, the scammer pays previous investors with the new investors' money. This creates the illusion that the business is successful and that investors are making money.
The Ponzi scheme is unsustainable in the long term because it relies on a constant flow of new investors. When the flow of new investors stops, the scheme collapses and investors lose their money.
Ponzi schemes are illegal in most countries. In the United States, Ponzi schemes are regulated by the Securities and Exchange Commission (SEC).
Here are some warning signs that may indicate a Ponzi scheme:
🔸Promises of high returns with little or no risk.
🔸Pressure to invest quickly.
🔸Lack of transparency about how money is invested.
🔸Lack of regulation.
If you are thinking about investing in a business, it is important to research it thoroughly before investing. It is important to be wary of any investment that seems too good to be true.
Some examples of recent Ponzi schemes include:
🔸Bernard Madoff: Madoff defrauded thousands of investors with a Ponzi scheme that raised more than $65 billion.
🔸Allen Stanford: Stanford defrauded thousands of investors with a Ponzi scheme that raised more than $7 billion.
🔸Bernie Madoff: Madoff defrauded thousands of investors with a Ponzi scheme that raised more than $65 billion.
These Ponzi schemes caused significant financial losses to investors.
#Scams #Scam #Scammers
In a Ponzi scheme, the scammer promises investors high rates of return with little or no risk. To attract new investors, the scammer pays previous investors with the new investors' money. This creates the illusion that the business is successful and that investors are making money.
The Ponzi scheme is unsustainable in the long term because it relies on a constant flow of new investors. When the flow of new investors stops, the scheme collapses and investors lose their money.
Ponzi schemes are illegal in most countries. In the United States, Ponzi schemes are regulated by the Securities and Exchange Commission (SEC).
Here are some warning signs that may indicate a Ponzi scheme:
🔸Promises of high returns with little or no risk.
🔸Pressure to invest quickly.
🔸Lack of transparency about how money is invested.
🔸Lack of regulation.
If you are thinking about investing in a business, it is important to research it thoroughly before investing. It is important to be wary of any investment that seems too good to be true.
Some examples of recent Ponzi schemes include:
🔸Bernard Madoff: Madoff defrauded thousands of investors with a Ponzi scheme that raised more than $65 billion.
🔸Allen Stanford: Stanford defrauded thousands of investors with a Ponzi scheme that raised more than $7 billion.
🔸Bernie Madoff: Madoff defrauded thousands of investors with a Ponzi scheme that raised more than $65 billion.
These Ponzi schemes caused significant financial losses to investors.
#Scams #Scam #Scammers
