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🚨WARNING🚨 Caution to all traders reading this post! 💯 In the last couple of days, I have seen a significantly higher number of fake airdrops! DO NOT fall for any of these scams! They are just that—SCAMS! ❗️If it sounds too good to be true, then it probably is❗️ Stay safe out there, guys. Don't fall for the lie of easy money. Love, Crypt ❤️ $AEVO $VET $SOL #scamriskwarning #BinanceLaunchpool #buythedip #altcoins
🚨WARNING🚨

Caution to all traders reading this post! 💯

In the last couple of days, I have seen a significantly higher number of fake airdrops!

DO NOT fall for any of these scams! They are just that—SCAMS!

❗️If it sounds too good to be true, then it probably is❗️

Stay safe out there, guys. Don't fall for the lie of easy money.

Love,
Crypt ❤️

$AEVO $VET $SOL

#scamriskwarning #BinanceLaunchpool #buythedip #altcoins
What can you do to secure your activities and funds? Transactions: [ ] Learn how to read and understand transaction details (etherscan . io for Ethereum, for example) [ ] Always verify smart contract addresses on a block explorer before confirming transactions [ ] Develop the discipline to thoroughly check every transaction [ ] Consider using advanced tools to preview or simulate the effect of transactions before confirming Computer Security: [ ] Use a separate, dedicated computer for crypto transactions [ ] Install antivirus software, a VPN, and keep all software up to date [ ] Avoid general browsing and only visit trusted crypto websites on your dedicated device Phishing Education: [ ] Familiarize yourself with common crypto scams (e.g., fake airdrops, impersonated accounts) [ ] Bookmark trusted crypto websites and always double-check URLs and social media profiles [ ] Develop a healthy skepticism and resist pressure tactics and FOMO [ ] Establish a network of trusted contacts for second opinions or analysis [ ] Create a set of security questions that only your trusted contacts would know the answers to Additional Security Measures: [ ] Enable two-factor authentication (2FA) on all crypto-related accounts, app-based not text-based [ ] Buy a couple of Yubikeys (yubico . com) to secure your Coinbase account, password manager, email accounts, and more. [ ] Avoid sharing sensitive information, such as your holdings or private keys, with anyone [ ] Regularly update your passwords and use a password manager to generate and store strong passwords [ ] Stay informed about the latest security threats and best practices in the crypto world Remember ‼️‼️ "Your funds are secure in your hands only" Hope this helps!! (3/3) #scamriskwarning #ScamAware #CryptoScamAwareness
What can you do to secure your activities and funds?

Transactions:

[ ] Learn how to read and understand transaction details (etherscan . io for Ethereum, for example)

[ ] Always verify smart contract addresses on a block explorer before confirming transactions

[ ] Develop the discipline to thoroughly check every transaction

[ ] Consider using advanced tools to preview or simulate the effect of transactions before confirming

Computer Security:

[ ] Use a separate, dedicated computer for crypto transactions

[ ] Install antivirus software, a VPN, and keep all software up to date

[ ] Avoid general browsing and only visit trusted crypto websites on your dedicated device

Phishing Education:

[ ] Familiarize yourself with common crypto scams (e.g., fake airdrops, impersonated accounts)

[ ] Bookmark trusted crypto websites and always double-check URLs and social media profiles

[ ] Develop a healthy skepticism and resist pressure tactics and FOMO

[ ] Establish a network of trusted contacts for second opinions or analysis

[ ] Create a set of security questions that only your trusted contacts would know the answers to

Additional Security Measures:

[ ] Enable two-factor authentication (2FA) on all crypto-related accounts, app-based not text-based

[ ] Buy a couple of Yubikeys (yubico . com) to secure your Coinbase account, password manager, email accounts, and more.

[ ] Avoid sharing sensitive information, such as your holdings or private keys, with anyone

[ ] Regularly update your passwords and use a password manager to generate and store strong passwords

[ ] Stay informed about the latest security threats and best practices in the crypto world

Remember ‼️‼️

"Your funds are secure in your hands only"

Hope this helps!!

(3/3)

#scamriskwarning #ScamAware #CryptoScamAwareness
P2P safety tips 👇 1)Verify Payment: Always ensure the payment is received in your account and confirmed by your bank before releasing any cryptocurrencyb. 2)Use Binance Escrow Service: Utilize Binance's escrow service to ensure both parties uphold their end of the deal. 3)Check User Ratings and Feedback: Review the ratings and feedback of the person you are trading with to gauge their reliability. 4)Secure Your Account: Enable two-factor authentication (2FA) and other security measures to protect your Binance account. 5)Communicate Within the Platform: Keep all communications within Binance's P2P platform to have an official record in case of disputes. 6)Be Cautious of Phishing Attempts: Always check URLs and ensure you are logging into the official Binance website. Avoid clicking on suspicious links. ⭕ Reporting Scams If you encounter any suspicious activity or fall victim to a scam, report it to Binance support immediately. Providing detailed information and evidence can help Binance take action against the scammer and possibly recover your funds.Staying informed and cautious is key to avoiding scams on any P2P trading platform. #P2PScamAwareness #SafetyTips #bpg #scamriskwarning #alertp2p
P2P safety tips 👇

1)Verify Payment:
Always ensure the payment is received in your account and confirmed by your bank before releasing any cryptocurrencyb.

2)Use Binance Escrow Service:
Utilize Binance's escrow service to ensure both parties uphold their end of the deal.

3)Check User Ratings and Feedback:
Review the ratings and feedback of the person you are trading with to gauge their reliability.

4)Secure Your Account:
Enable two-factor authentication (2FA) and other security measures to protect your Binance account.

5)Communicate Within the Platform:
Keep all communications within Binance's P2P platform to have an official record in case of disputes.

6)Be Cautious of Phishing Attempts:
Always check URLs and ensure you are logging into the official Binance website. Avoid clicking on suspicious links.

⭕ Reporting Scams
If you encounter any suspicious activity or fall victim to a scam, report it to Binance support immediately. Providing detailed information and evidence can help Binance take action against the scammer and possibly recover your funds.Staying informed and cautious is key to avoiding scams on any P2P trading platform.

#P2PScamAwareness #SafetyTips #bpg #scamriskwarning #alertp2p
“Beware of Common Cryptocurrency Scams” Cryptocurrency offers great opportunities but also attracts scammers. Knowing common scam techniques helps protect your assets. Here are key scams and tips to avoid them. 1. Phishing Scams: Fake websites or emails mimic legitimate services to steal credentials. Avoid: Check URLs, avoid unsolicited links, enable 2FA. 2. Ponzi Schemes: Promise high returns, paying old investors with new funds until collapse. Avoid: Skeptical of guaranteed returns, research thoroughly, look for transparency. 3. Fake ICOs: Fraudulent Initial Coin Offerings raise funds then vanish. Avoid: Verify project legitimacy, read whitepapers, check endorsements. 4. Pump and Dump: Scammers inflate prices with false information, then sell off. Avoid: Be wary of sudden surges, avoid hype, conduct independent research. 5. Malware: Malicious software gains unauthorized access to wallets/accounts. Avoid: Use reputable antivirus, avoid untrusted downloads, keep software updated. Stay informed and cautious in the crypto space. Verify sources, research thoroughly, and use strong security practices. Have scam experiences? Share tips in the comments to help others!#scamriskwarning
“Beware of Common Cryptocurrency Scams”

Cryptocurrency offers great opportunities but also attracts scammers. Knowing common scam techniques helps protect your assets. Here are key scams and tips to avoid them.

1. Phishing Scams:
Fake websites or emails mimic legitimate services to steal credentials.

Avoid: Check URLs, avoid unsolicited links, enable 2FA.

2. Ponzi Schemes:
Promise high returns, paying old investors with new funds until collapse.

Avoid: Skeptical of guaranteed returns, research thoroughly, look for transparency.

3. Fake ICOs:
Fraudulent Initial Coin Offerings raise funds then vanish.

Avoid: Verify project legitimacy, read whitepapers, check endorsements.

4. Pump and Dump:
Scammers inflate prices with false information, then sell off.

Avoid: Be wary of sudden surges, avoid hype, conduct independent research.

5. Malware:
Malicious software gains unauthorized access to wallets/accounts.

Avoid: Use reputable antivirus, avoid untrusted downloads, keep software updated.

Stay informed and cautious in the crypto space. Verify sources, research thoroughly, and use strong security practices. Have scam experiences? Share tips in the comments to help others!#scamriskwarning
🔥Pump and dump schemes on Binance:- #binance #pumpNdump #scamriskwarning #PEPE‏ #BlackRock 🔥 $PEPE 😘As on other cryptocurrency exchanges, involve artificially inflating the price of a cryptocurrency before selling it at a profit😳, leaving other investors with losses🤒. 😘Here's a step-by-step breakdown of how these schemes typically work:Coordination and Planning:-🔥 🥰 The scheme is usually orchestrated by a group of individuals or a single entity🤒. They often use private groups on social media platforms 😳 (like Telegram or Discord) to coordinate their activities and attract participants🤭. 💅Selection of the Cryptocurrency:- A relatively 🔥low-market-cap🔥 cryptocurrency is chosen because its price can be more easily manipulated due to lower trading volumes😳. 😍Accumulation Phase:- Before the scheme is publicly announced, the orchestrators quietly accumulate a large amount of the chosen cryptocurrency at a low price🤭.Promotion and Hype: Once they have accumulated enough🤒, the group starts promoting the cryptocurrency aggressively through social media, forums, and sometimes even through fake news🤗. They create a sense of urgency and hype😳, often making exaggerated claims about the potential of the coin🤒. Pump Phase:- As the promotion attracts more investors, the 🔥demand🔥 for the cryptocurrency increases, driving up its price. 🥰The orchestrators may also make large buys to further inflate the price, contributing to the momentum😳. 😘Dump Phase:- At a pre-determined peak or after significant price increase, the orchestrators sell off their holdings at the inflated prices😳. This causes a sharp drop in the price as the market is flooded with sell orders😳.Collapse and Aftermath: After the orchestrators sell off their holdings😳, the price plummets, leaving the late investors with significant losses😳.
🔥Pump and dump schemes on Binance:-
#binance #pumpNdump #scamriskwarning #PEPE‏ #BlackRock 🔥 $PEPE

😘As on other cryptocurrency exchanges, involve artificially inflating the price of a cryptocurrency before selling it at a profit😳, leaving other investors with losses🤒.

😘Here's a step-by-step breakdown of how these schemes typically work:Coordination and Planning:-🔥
🥰 The scheme is usually orchestrated by a group of individuals or a single entity🤒. They often use private groups on social media platforms 😳 (like Telegram or Discord) to coordinate their activities and attract participants🤭.

💅Selection of the Cryptocurrency:-
A relatively 🔥low-market-cap🔥 cryptocurrency is chosen because its price can be more easily manipulated due to lower trading volumes😳.

😍Accumulation Phase:-
Before the scheme is publicly announced, the orchestrators quietly accumulate a large amount of the chosen cryptocurrency at a low price🤭.Promotion and Hype: Once they have accumulated enough🤒, the group starts promoting the cryptocurrency aggressively through social media, forums, and sometimes even through fake news🤗. They create a sense of urgency and hype😳, often making exaggerated claims about the potential of the coin🤒.

Pump Phase:-
As the promotion attracts more investors, the 🔥demand🔥 for the cryptocurrency increases, driving up its price. 🥰The orchestrators may also make large buys to further inflate the price, contributing to the momentum😳.

😘Dump Phase:-
At a pre-determined peak or after significant price increase, the orchestrators sell off their holdings at the inflated prices😳. This causes a sharp drop in the price as the market is flooded with sell orders😳.Collapse and Aftermath: After the orchestrators sell off their holdings😳, the price plummets, leaving the late investors with significant losses😳.
Common Scams on Binance P2P 👇 1) Fake Payment Proof: Scammers may send fake payment proof, attempting to trick sellers into releasing cryptocurrencies before the actual payment is received. 2)Phishing Attempts: Scammers may create fake websites or communication channels that appear to be from Binance to steal your login credentials or other sensitive information. 3)Chargeback Scams: After completing a transaction, a scammer may file a chargeback with their bank, reversing the payment while keeping the cryptocurrency. 4)Overpayment Scams: A buyer overpays and then asks for the difference to be refunded, but the initial payment was fraudulent. $ETH #P2PScamWarning #scamriskwarning #bpg
Common Scams on Binance P2P 👇

1) Fake Payment Proof:
Scammers may send fake payment proof, attempting to trick sellers into releasing cryptocurrencies before the actual payment is received.

2)Phishing Attempts:
Scammers may create fake websites or communication channels that appear to be from Binance to steal your login credentials or other sensitive information.

3)Chargeback Scams:
After completing a transaction, a scammer may file a chargeback with their bank, reversing the payment while keeping the cryptocurrency.

4)Overpayment Scams:
A buyer overpays and then asks for the difference to be refunded, but the initial payment was fraudulent.

$ETH #P2PScamWarning #scamriskwarning #bpg
P2P safety tips 👇 1)Verify Payment: Always ensure the payment is received in your account and confirmed by your bank before releasing any cryptocurrency. 2)Use Binance Escrow Service: Utilize Binance's escrow service to ensure both parties uphold their end of the deal. 3)Check User Ratings and Feedback: Review the ratings and feedback of the person you are trading with to gauge their reliability. 4)Secure Your Account: Enable two-factor authentication (2FA) and other security measures to protect your Binance account. 5)Communicate Within the Platform: Keep all communications within Binance's P2P platform to have an official record in case of disputes. 6)Be Cautious of Phishing Attempts: Always check URLs and ensure you are logging into the official Binance website. Avoid clicking on suspicious links. ⭕ Reporting Scams If you encounter any suspicious activity or fall victim to a scam, report it to Binance support immediately. Providing detailed information and evidence can help Binance take action against the scammer and possibly recover your funds.Staying informed and cautious is key to avoiding scams on any P2P trading platform. #P2PScamAwareness #SafetyTips #bpg #scamriskwarning #alertp2p
P2P safety tips 👇

1)Verify Payment:
Always ensure the payment is received in your account and confirmed by your bank before releasing any cryptocurrency.

2)Use Binance Escrow Service:
Utilize Binance's escrow service to ensure both parties uphold their end of the deal.

3)Check User Ratings and Feedback:
Review the ratings and feedback of the person you are trading with to gauge their reliability.

4)Secure Your Account:
Enable two-factor authentication (2FA) and other security measures to protect your Binance account.

5)Communicate Within the Platform:
Keep all communications within Binance's P2P platform to have an official record in case of disputes.

6)Be Cautious of Phishing Attempts:
Always check URLs and ensure you are logging into the official Binance website. Avoid clicking on suspicious links.

⭕ Reporting Scams

If you encounter any suspicious activity or fall victim to a scam, report it to Binance support immediately. Providing detailed information and evidence can help Binance take action against the scammer and possibly recover your funds.Staying informed and cautious is key to avoiding scams on any P2P trading platform.

#P2PScamAwareness #SafetyTips #bpg #scamriskwarning #alertp2p
🌟 URGENT: Avoid Crypto Scams and Trade Safely on Binance! 🌟 $BTC $ETH $BNB The crypto market is rife with opportunities, but it's also a playground for sophisticated scammers. Here’s an important and lesser-known insight to help you avoid falling victim to scams: Critical Insight: Hidden Miner Malware Something Not Commonly Known: Scammers are increasingly using hidden miner malware embedded in seemingly harmless software. Disguised Mining Software: Some scammers distribute software that appears legitimate but secretly mines cryptocurrency using your computer’s resources. This can lead to decreased performance, higher electricity bills, and potential hardware damage. How It Works: This malware is often hidden in: Free Software Downloads: Especially from unofficial or suspicious websites.Browser Extensions: Even those that seem useful and legitimate.Infected Ads: Malvertising can inject mining scripts into your browser. Real-World Examples: Websites like “Coinhive” used to provide JavaScript miners that websites could use to monetize their traffic. However, malicious actors also used it without users' consent. Although Coinhive has been shut down, similar threats persist. How to Protect Yourself? Use Reputable Sources: Only download software and extensions from trusted sources and verified developers. Regularly Scan for Malware: Use reliable antivirus software to detect and remove hidden miners. Monitor System Performance: Unusual slowdowns could be a sign of hidden mining activity. Use Browser Security Extensions: Tools like NoScript or MinerBlock can prevent malicious mining scripts from running in your browser. Specific Sites to Avoid While many scam sites are quickly taken down, some notorious examples have included: mybtgwallet.com: Pretended to be a Bitcoin Gold wallet but stole users' private keys. Cryptsy: Once a legitimate exchange, it was involved in a major exit scam. Mt. Gox: This exchange was hacked, leading to massive losses for users. Help others stay safe in the crypto world! 🚀🔒 #scamriskwarning #ScamWarning
🌟 URGENT: Avoid Crypto Scams and Trade Safely on Binance! 🌟 $BTC $ETH $BNB

The crypto market is rife with opportunities, but it's also a playground for sophisticated scammers. Here’s an important and lesser-known insight to help you avoid falling victim to scams:

Critical Insight: Hidden Miner Malware
Something Not Commonly Known: Scammers are increasingly using hidden miner malware embedded in seemingly harmless software.

Disguised Mining Software: Some scammers distribute software that appears legitimate but secretly mines cryptocurrency using your computer’s resources. This can lead to decreased performance, higher electricity bills, and potential hardware damage.

How It Works: This malware is often hidden in:
Free Software Downloads: Especially from unofficial or suspicious websites.Browser Extensions: Even those that seem useful and legitimate.Infected Ads: Malvertising can inject mining scripts into your browser.

Real-World Examples: Websites like “Coinhive” used to provide JavaScript miners that websites could use to monetize their traffic. However, malicious actors also used it without users' consent. Although Coinhive has been shut down, similar threats persist.

How to Protect Yourself?
Use Reputable Sources: Only download software and extensions from trusted sources and verified developers.

Regularly Scan for Malware: Use reliable antivirus software to detect and remove hidden miners.

Monitor System Performance: Unusual slowdowns could be a sign of hidden mining activity.

Use Browser Security Extensions: Tools like NoScript or MinerBlock can prevent malicious mining scripts from running in your browser.

Specific Sites to Avoid

While many scam sites are quickly taken down, some notorious examples have included:

mybtgwallet.com: Pretended to be a Bitcoin Gold wallet but stole users' private keys.

Cryptsy: Once a legitimate exchange, it was involved in a major exit scam.

Mt. Gox: This exchange was hacked, leading to massive losses for users.
Help others stay safe in the crypto world! 🚀🔒
#scamriskwarning #ScamWarning
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Built On An $6 Million NFT Scam? AI Company Accused Of Fraud By Internet Investigator
Youtuber and Internet investigator Coffeezilla has called out Artificial Intelligence (AI) company Rabbit for allegedly being built on a $6 million non-fungible token (NFT) scam. The company is accused of being responsible for the GAMA NFT Project “fraud” as part of a history of lies.

Related Reading

Down The NFT Fraud Rabbit Hole

Stephen Findeisen, better known as Coffeezilla, published a YouTube video calling out Rabbit Inc. for being built on the remains of an alleged NFT fraud from 2021. The internet investigator revealed that the company is seemingly trying to hide its ties to the GAMA project.

Coffeezilla unveiled the depth of the AI company’s rabbit hole by claiming that, despite raising over $30 million in venture capital (VC), Rabbit used to be called Cyber Manufacture Corporation.

In 2021, the company raised over $6 million for its “next-generation NFT Project GAMA.” The project was described as a decentralized organization “with the grand goal of sending 10,000 astronauts into space to collect extraterrestrial energy.”

At the time, GAMA’s founder Jesse Lyu would make “wild promises,” claiming the NFTs were just the start. According to the YouTube sleuth, Lyu declared they would create “the first-ever carbon-negative cryptocurrency powered by our sun.”

The founder promised to build a clean energy grid through NFT sales owned by NFT buyers. The grid’s energy would be used to mine GAMA tokens. However, the tokens were never launched, and the project seemed to be abandoned.

Its team replied to Coffeezilla’s request for comment, stating that GAMA was not abandoned but “open-sourced.” Moreover, they claimed a token was never promised, as Lyu said in 2021 that his words were not final. The team added that they live in a country that “values free speech.”

Nonetheless, the internet investigator found that the “open-sourced” engine constantly crashed and was non-functional after several tests. He also highlighted that Lyu stated in several discord messages that the project’s cryptocurrency was part of the roadmap.

Based on this, Coffeezilla questioned where the $6 million in funding went and whether Lyu’s new project should be trusted.

Another Rabbit In The Hat?

GAMA’s founder has embarked on a new project unrelated to NFTs. His latest company, Rabbit, focuses on AI technology. The company went viral in early 2024, raising $30 million in VC and selling over $20 million in consumer products.

Rabbit launched their AI personal assistance device, Rabbit R1, on easter 2024. However, the project has received a lot of backlash for not living up to the hype and promises.

Several tech reviewers concurred that R1 was part of a trend of releasing “unfinished” products. According to YouTuber Marques Brownlee, Rabbit’s product was “barely reviewable” and the pinnacle of “delivering barely finished products to win a race.’”

Moreover, founder and CTO of WeGPT, Josh Ollin, called the project a “scam” when R1 was announced. He also pointed out on different occasions that the hype and interactions around the company were “fake impressions” from bots.

Ollin called Lyu an “NFT grifter” and stated that his past behavior affected the new project due to the “shady insincere fraudulent business practices on display (fake engagement, fake bot followers, fake tech stack, overpriced vaporware).”

Coffeezilla stated a similar sentiment in his video:

So many of the promises of Gama didn’t happen. This is relevant to the R1 not just because this project is built on the skeleton of that scam project, it’s also because the R1 is overhyped in a similar way.

Related Reading

As noted by the internet sleuth, Lyu has diminished his links to GAMA NFT, calling it a “fun little project” he was “involved with” during the COVID-19 pandemic.

Ultimately, he considers it important for users to know the company’s “history of abandoning investors like they did with GAMA NFT.”

According to the weekly chart, the total crypto market capitalization is at $2.51 trillion. Source: TOTAL on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

Source: NewsBTC.com

The post Built On An $6 Million NFT Scam? AI Company Accused Of Fraud By Internet Investigator appeared first on Crypto Breaking News.
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Remember this post? I tried to alert people about this scam. Guess what? Turns out this IS a scam. This is the 1hr chart of this shitcoin. Dude promised it will go $1 within a month.. LOL. RIP to everyone who followed this shitter and actually "invested". You just got scammed! But honestly, if you fell for this you deserve it. I have no idea how someone would fall for this. Also the scammer is "N4G" or "@Need4G". This guy is still not banned, but people are turning away by themselves already. Binance Square management team needs to do their work. #ShortMaestro #scamriskwarning #scammeralert #MemeCoinCrash #RIP
Remember this post? I tried to alert people about this scam. Guess what? Turns out this IS a scam. This is the 1hr chart of this shitcoin. Dude promised it will go $1 within a month.. LOL.

RIP to everyone who followed this shitter and actually "invested". You just got scammed! But honestly, if you fell for this you deserve it. I have no idea how someone would fall for this.

Also the scammer is "N4G" or "@Need4G". This guy is still not banned, but people are turning away by themselves already. Binance Square management team needs to do their work.

#ShortMaestro #scamriskwarning #scammeralert #MemeCoinCrash #RIP
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Bearish
Disgusting act from a Binance Square creator. I have to make this post to expose this scheme. He has nearly 9k followers and completely shifted to this "meme coin" scam.

Obviously if you have a brain, you can easily tell this is a scam, this desperate guy couldn't make his money back from yoloing on shitcoins so he decided to sell out his followers. How much did you make from this petty scam? Was it worth it?

Don't fall for these "Dex memecoins". They are not going to pump to 100x. I have no idea how this guy is still not banned, but well... seems like he already dumped and is about to bail.

#ShortMaestro #pumpanddump #scamriskwarning #SolanaMemeCoins
#scamriskwarning #Alert🔴 Buy $ENA 🎃 And Give profit to the whale💲🐋 What did I say before? This is shit garbage Coin. You guys can check my past post, I tell you all About this scam coin. Don't know how many people accept my predictions and save Their money😅 btw, Happy spot trading😊 For premium signal for monthly wise, can contact with me. Thank you🚀 #altcoins #BTC
#scamriskwarning #Alert🔴
Buy $ENA 🎃 And Give profit to the whale💲🐋

What did I say before? This is shit garbage Coin. You guys can check my past post, I tell you all About this scam coin. Don't know how many people accept my predictions and save Their money😅

btw, Happy spot trading😊
For premium signal for monthly wise, can contact with me. Thank you🚀
#altcoins #BTC
$BTC $ETH #notcoin #BinanceLaunchpool #scamriskwarning Copy trading may present a tempting shortcut for new investors, but it's crucial to approach it with caution. Since copy trading involves replicating another trader's decisions, any losses they incur will be mirrored in your own portfolio. This can be especially risky for beginners who lack the experience and knowledge to make informed investment choices. Building a strong foundation in financial literacy is a more prudent approach for new market participants. By dedicating time to education, you'll gain the skills and knowledge necessary to make informed trading decisions aligned with your risk tolerance and financial goals. Ultimately, the responsibility for your financial well-being lies with you. Before investing in any asset, including through copy trading, it's vital to conduct thorough research and due diligence. Consider consulting with a qualified financial advisor who can provide personalized guidance based on your circumstances. Be wary of potential scams, particularly those targeting new investors in the copy trading space. These scams often lure victims in with unrealistic promises of guaranteed profits. Remember, if an investment opportunity sounds too good to be true, it likely is.
$BTC $ETH #notcoin #BinanceLaunchpool #scamriskwarning
Copy trading may present a tempting shortcut for new investors, but it's crucial to approach it with caution. Since copy trading involves replicating another trader's decisions, any losses they incur will be mirrored in your own portfolio. This can be especially risky for beginners who lack the experience and knowledge to make informed investment choices.
Building a strong foundation in financial literacy is a more prudent approach for new market participants. By dedicating time to education, you'll gain the skills and knowledge necessary to make informed trading decisions aligned with your risk tolerance and financial goals.
Ultimately, the responsibility for your financial well-being lies with you. Before investing in any asset, including through copy trading, it's vital to conduct thorough research and due diligence. Consider consulting with a qualified financial advisor who can provide personalized guidance based on your circumstances.
Be wary of potential scams, particularly those targeting new investors in the copy trading space. These scams often lure victims in with unrealistic promises of guaranteed profits. Remember, if an investment opportunity sounds too good to be true, it likely is.
Disgusting act from a Binance Square creator. I have to make this post to expose this scheme. He has nearly 9k followers and completely shifted to this "meme coin" scam. Obviously if you have a brain, you can easily tell this is a scam, this desperate guy couldn't make his money back from yoloing on shitcoins so he decided to sell out his followers. How much did you make from this petty scam? Was it worth it? Don't fall for these "Dex memecoins". They are not going to pump to 100x. I have no idea how this guy is still not banned, but well... seems like he already dumped and is about to bail. #ShortMaestro #pumpanddump #scamriskwarning #SolanaMemeCoins
Disgusting act from a Binance Square creator. I have to make this post to expose this scheme. He has nearly 9k followers and completely shifted to this "meme coin" scam.

Obviously if you have a brain, you can easily tell this is a scam, this desperate guy couldn't make his money back from yoloing on shitcoins so he decided to sell out his followers. How much did you make from this petty scam? Was it worth it?

Don't fall for these "Dex memecoins". They are not going to pump to 100x. I have no idea how this guy is still not banned, but well... seems like he already dumped and is about to bail.

#ShortMaestro #pumpanddump #scamriskwarning #SolanaMemeCoins
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N4G
--
Bullish
560% ;)

No one is selling

#N4G
These are the top 10 countries in the world in terms of the amount of money owed to the International Monetary Fund 🌐 No wonder Argentina tops the list; its debt to the IMF is equivalent to 5.3% of its GDP.  100 countries owe money to the IMF, and the total of these debts is $111 billion. The countries in the picture above account for about 69% of this debt 📊 #ETFvsBTC #CryptoWatchMay2024 #EarnCommissions #scamriskwarning
These are the top 10 countries in the world in terms of the amount of money owed to the International Monetary Fund 🌐

No wonder Argentina tops the list; its debt to the IMF is equivalent to 5.3% of its GDP. 

100 countries owe money to the IMF, and the total of these debts is $111 billion. The countries in the picture above account for about 69% of this debt 📊
#ETFvsBTC #CryptoWatchMay2024 #EarnCommissions #scamriskwarning
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Binance Academy
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Common Scams on Mobile Devices
Community Submission - Author: WhoTookMyCrypto.com

2017 was a remarkable year for the cryptocurrency industry as their rapid increase in valuations propelled them into mainstream media. Unsurprisingly, this garnered them immense interest from both the general public as well as cybercriminals. The relative anonymity offered by cryptocurrencies has made them a favorite amongst criminals who often use them to bypass traditional banking systems and avoid financial surveillance from regulators.

Given that people are spending more time on their smartphones than desktops, it is thus not surprising that cybercriminals have also turned their attention to them. The following discussion highlights how scammers have been targeting cryptocurrency users through their mobile devices, along with a few steps that users can take to protect themselves.


Fake cryptocurrency apps

Fake cryptocurrency exchange apps

The most well-known example of a fake cryptocurrency exchange app is probably the one of Poloniex. Prior to the launch of their official mobile trading app in July 2018, Google Play was already listing several fake Poloniex exchange apps, which were intentionally designed to be functional. Many users that downloaded those fraudulent apps had their Poloniex login credentials compromised, and their cryptocurrencies were stolen. Some apps even went a step further requesting the login credentials of users Gmail accounts. It is important to highlight that only accounts without two-factor authentication (2FA) were compromised.

The following steps can help protect you against such scams.

Check the exchange’s official website to verify if they indeed offer a mobile trading app. If so, use the link provided on their website.

Read the reviews and ratings. Fraudulent apps often have many bad reviews with people complaining about getting scammed, so make sure to check them before you download. However, you should also be skeptical of apps that present perfect ratings and comments. Any legitimate app has its fair share of negative reviews.

Check the app developer information. Look for whether a legitimate company, email address, and website are provided. You should also perform an online search on the information provided to see if they are really related to the official exchange.

Check the number of downloads. The download count should also be considered. It is unlikely that a highly popular cryptocurrency exchange would have a small number of downloads.

Activate 2FA on your accounts. Although not 100% secure, 2FA is much harder to bypass and can make a huge difference in protecting your funds, even if your login credentials are phished.


Fake cryptocurrency wallet apps

There are many different types of fake apps. One variation seeks to obtain personal information from users such as their wallet passwords and private keys.

In some cases, fake apps provide previously generated public addresses to users. So they assume funds are to be deposited into these addresses. However, they do not gain access to the private keys and thus do not have access to any funds that are sent to them.

Such fake wallets have been created for popular cryptocurrencies such as Ethereum and Neo and, unfortunately, many users lost their funds. Here are some preventive steps that can be taken to avoid becoming a victim:

The precautions highlighted in the exchange app segment above are equally applicable. However, an additional precaution you can take when dealing with wallet apps is to make sure brand new addresses are generated when you first open the app, and that you are in possession of the private keys (or mnemonic seeds). A legitimate wallet app allows you to export the private keys, but it is also important to ensure the generation of new key pairs is not compromised. So you should use a reputable software (preferably open source).

Even if the app provides you a private key (or seed), you should verify whether the public addresses can be derived and accessed from them. For example, some Bitcoin wallets allow users to import their private keys or seeds to visualize the addresses and access the funds. To minimize the risks of keys and seeds being compromised, you may perform this on an air-gapped computer (disconnected from the internet).


Cryptojacking apps

Cryptojacking has been a hot favorite amongst cybercriminals due to the low barriers to entry and low overheads required. Furthermore, it offers them the potential for long-term recurring income. Despite their lower processing power when compared to PCs, mobile devices are increasingly becoming a target of cryptojacking.

Apart from web-browser cryptojacking, cybercriminals are also developing programs that appear to be legitimate gaming, utility or educational apps. However, many of these apps are designed to secretly run crypto-mining scripts in the background.

There are also cryptojacking apps that are advertised as legitimate third-party miners, but the rewards are delivered to the app developer instead of the users.

To make things worse, cybercriminals have become increasingly sophisticated, deploying lightweight mining algorithms to avoid detection.

Cryptojacking is incredibly harmful to your mobile devices as they degrade performance and accelerates wear and tear. Even worse, they could potentially act as Trojan horses for more nefarious malware. 

The following steps can be taken to guard against them.

Only download apps from official stores, such as Google Play. Pirated apps are not pre-scanned and are more likely to contain cryptojacking scripts.

Monitor your phone for excessive battery draining or overheating. Once detected, terminate apps that are causing this.

Keep your device and apps updated so that security vulnerabilities get patched.

Use a web browser that guards against cryptojacking or install reputable browser plug-ins, such as MinerBlock, NoCoin, and Adblock.

If possible, install mobile antivirus software and keep it updated.


Free giveaway and fake crypto-miner apps

These are apps that pretend to mine cryptocurrencies for their users but don’t actually do anything apart from displaying ads. They incentivize users to keep the apps open by reflecting an increase in the user’s rewards over time. Some apps even incentivize users to leave 5-star ratings in order to get rewards. Of course, none of these apps were actually mining, and their users never received any rewards.

To guard against this scam, understand that for the majority of cryptocurrencies, mining requires highly specialized hardware (ASICs), meaning it is not feasible to mine on a mobile device. Whatever amounts you mine would be trivial at best. Stay away from any such apps.


Clipper apps

Such apps alter the cryptocurrency addresses you copy and replace them with those of the attacker. Thus, while a victim may copy the correct recipient address, the one they paste to process the transaction is replaced by those of the attacker.

To avoid falling victim to such apps, here are some precautions you can take when processing transactions.

Always double and triple check the address you are pasting into the recipient field. Blockchain transactions are irreversible so you should always be careful.

It is best to verify the entire address instead of just portions of it. Some apps are intelligent enough to paste addresses that look similar to your intended address.


SIM swapping

In a SIM swapping scam, a cybercriminal gains access to the phone number of a user. They do this by employing social engineering techniques to trick mobile phone operators into issuing a new SIM card to them. The most well-known SIM swapping scam involved cryptocurrency entrepreneur Michael Terpin. He alleged that AT&T was negligent in their handling of his mobile phone credentials resulting in him losing tokens valued at more than 20 million US dollars.

Once cybercriminals have gained access to your phone number, they can use it to bypass any 2FA that relies on that. From there, they can work their way into your cryptocurrency wallets and exchanges.

Another method cybercriminals can employ is to monitor your SMS communications. Flaws in communications networks can allow criminals to intercept your messages which can include the second-factor pin messaged to you.

What makes this attack particularly concerning is that users are not required to undertake any action, such as downloading a fake software or clicking a malicious link.

To prevent falling prey to such scams, here are some steps to consider.

Do not use your mobile phone number for SMS 2FA. Instead, use apps like Google Authenticator or Authy to secure your accounts. Cybercriminals are unable to gain access to these apps even if they possess your phone number. Alternatively, you may use hardware 2FA such as YubiKey or Google's Titan Security Key.

Do not reveal personal identifying information on social media, such as your mobile phone number. Cybercriminals can pick up such information and use them to impersonate you elsewhere. 

You should never announce on social media that you own cryptocurrencies as this would make you a target. Or if you are in a position where everyone already knows you own them, then avoid disclosing personal information including the exchanges or wallets you use.

Make arrangements with your mobile phone providers to protect your account. This could mean attaching a pin or password to your account and dictating that only users with knowledge of the pin can make changes to the account. Alternatively, you can require such changes to be made in person and disallow them over the phone.


WiFi

Cybercriminals are constantly seeking entry points into mobile devices, especially the ones of cryptocurrency users. One such entry point is that of WiFi access. Public WiFi is insecure and users should take precautions before connecting to them. If not, they risk cybercriminals gaining access to the data on their mobile devices. These precautions have been covered in the article on public WiFi.


Closing thoughts

Mobile phones have become an essential part of our lives. In fact, they are so intertwined with your digital identity that they can become your greatest vulnerability. Cybercriminals are aware of this and will continue to find ways to exploit this. Securing your mobile devices is no longer optional. It has become a necessity. Stay safe.
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Beware of Scam Projects ❗️🚨🚨

In recent times, numerous channels have been promoting dubious projects, often leading unsuspecting investors into scams. It's crucial to exercise caution and only invest in projects listed on reputable exchanges. Pay attention to the following when investing in any project :

1 / Credibility and Trustworthiness.
2 / Regulatory Compliance.
3 / Liquidity and Market Depth.
4 / Security Measures.
5 / Transparency and Accountability.

The allure of quick profits may be tempting. It's essential to prioritize safety and security when investing in cryptocurrency projects. Always conduct thorough research and stick to projects listed on reputable exchanges to mitigate the risk of falling victim to scams.🚀
Follow For More. ❤️ Thanks
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So, Anything can happen anytime Like $AEVO coin if $ENA also increases Their supply.

Don't Listen to the Market manipulator speech. They always try to find their benefit. You guys also can find my comment section this type shit peoples,Who tell you no sell, No sell😅

I'm also a trader and Analyzer,I also loss 700$+ into this bullshit coin🙂

If you trust me please follow me and also check my past post🙂

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#RiskScamWarnimg
#Everyone

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