[Warning] 10 common scams in the currency industry. Has anyone around you fallen victim to them? (via CoinsRadar.net):

Every time the bulls and bears alternate, a lot of newbies will enter the cryptocurrency circle, but the currency circle is also a place with countless scams and pitfalls. Tangtang feels very sad when she sees many people being defrauded of money every day, so here we have compiled several common scams to help everyone avoid detours.

1. Exchange phishing website. This scam is usually leaked by the third-party OTC service provider of the exchange, and then sends you a high-imitation exchange website via text message to trick people into logging into the exchange and transferring your coins. Now that this scam has begun to spread to decentralized wallet applications and email links, everyone should be vigilant.

2. Coin circle phone scam. After the scammers obtain your transaction information and contact information through gray channels, they will contact you by phone and defraud you on the grounds that your assets involve black money and need to be "transferred." Many novices fall for this scam because the scammer can accurately tell you your transaction records. Please be careful to go directly to the official website to verify with human customer service after receiving such a call to avoid being deceived.

3. Telegram group arbitrage scam. There are many such groups on Telegram, usually ETH is exchanged for HT (now there are also other token names such as HPT and Binance Chain interest-earning names). The groups are full of stooges. Dozens of accounts take turns talking about how to make money by cheating and protect capital and income. In 20 years ago, the police arrested a gang that used this method to defraud hundreds of millions. In order to gain Xiaobai's trust, the scammer even made a slick video and a complete brick-moving process! Everyone must keep their eyes open and stay far away.

4. Institutional private placement/agency investment. Generally, you transfer stablecoins such as USDT to institutions or group owners to buy them on your behalf, and others transfer them to you after receiving the tokens from the project side. There are pitfalls in this operation: ① Others may get your stablecoin and run away directly; ② The projects obtained by institutions are junk projects, and they will either go online and directly smash the market, or the tokens will not be issued at all because they are not valuable at all. When choosing institutional private placement, you must consider the integrity and strength of the institution through multiple channels and dimensions, otherwise it will be in vain.

5. Big V+ community local dog project. In the past, Animal Coin became popular for decentralized coin issuance. Because it is simple to issue coins, many people will issue coins themselves and then go to various social groups to promote and deceive people to take orders. Generally, for such projects, the fund pool will be emptied directly after the entry funds are almost enough. Ran away.Some scammer project developers only defrauded 1 ETH or ran away within 5 minutes of going online. Xue Manzi’s Doge DeFi also deceived many people. In order to promote his garbage project, he also invited Japanese actress Lola Takizawa. The 68-year-old man also tried his best to deceive Leeks.

6. Pheasant exchange/wallet ran away. When playing cryptocurrency, you must go to a regular large exchange. Generally, unknown pheasant exchanges have a high risk of running away.

7. Wallet authorization is stolen. Scammers use reasons such as collecting U at high prices and defi projects to get you to scan the code or obtain wallet authorization, and then steal all the U or tokens in your wallet. Some users even lost hundreds of thousands of U. So you must be vigilant and don’t scan codes casually.

8 Fake tokens deceive U. For example, if a certain token is not launched online, they generate an unofficial token on the chain, which may have the same name, and then ask you to exchange USDT for their worthless fake token. As a result, you may think you are getting a big advantage, but you often fall into their trap.

9 with a single teacher. First create a personality, sell high and buy low, and charge you group fees. This is the first wave of cutting leeks.

In the second wave, he recommends unknown small coins. He has already ambushed you and asked you to carry the sedan chair. Some coins are made by him himself. After all, the cost of issuing a coin is only a few dozen yuan now.

Later, you discovered that most of these groups were directed and acted by this teacher. There were only a few of you, real people. Now the market is very mature, and there is a dedicated team to attract people and make people popular.

The way to stop it is very simple. 99.9% of the tutors are scammers, 0.1% can make money, they don’t have the time, and they don’t like you. Go and ask your ordering teacher if he dares to make a firm offer.

10 Someone exposed their private key.

One day, you find a person in a comment saying: I don’t want to play anymore, this market is too tiring. Give the remaining 100U to someone who is destined, and then paste your private key.

You take it to import and find that it is indeed true, but the transfer cannot be done because there is no handling fee.

After you poured some ETH into it and just wanted to transfer it, you found that someone was one step ahead of you and transferred the ETH you recharged.

This scam is not common and the losses are not huge, but it happens all the time.

Last time I posted about this scam, a master came over and took away the scammer’s money. . .

Ordinary people who don't have this skill can only put an end to it and don't think about taking advantage all day long.

To sum up, the reason why scammers are successful is because they know how to exploit human weaknesses, FOMO and lack of experience. Therefore, when investing in cryptocurrency, everyone must improve their cognitive level, not be too greedy, and maintain a rational investment sentiment.

If you find this article useful, share it so that people around you will not be deceived and reduce the tragedy of losing both people and money.