🚨 Attention, crypto enthusiasts! 🚨

Coinbase is warning about a rise in online scams targeting younger generations, especially Gen Z. In a blog post on October 8, the company highlighted four main threats: social media scams, romance scams, fake sites, and recovery schemes.

🔹 Social media: Be wary of strangers offering investments.

🔹 Romance scams: Scammers pretend to be looking for love to trick you into giving them your money.

🔹 Fake sites: Check URLs to avoid scams.

🔹 Recovery schemes: Don’t trust promises to return lost funds.

Coinbase stresses the importance of personal responsibility for asset security. In 2023, there were more than 67,000 online scams reported, with the average loss being $3,800.

Join the discussion in the comments and share your experience! 💬

#Cryptocurrency#Security #GenZ