Crypto Scammers are very active these days and they are finding new ways to scam innocent newbbies people in the crypto world who enter in this profiting world in order to make some profit to change their messy life style, They find their last hope in this crypto world to make money fast to become rich. In search of their dream of being rich, they fall in trap of scammers who using different modus operandi to scam such people. The modus operandi used by scammers are given below:
Advertising on social media- They advertise on social media 24x7 hours and show the people a ray of hope to be rich in no time. They use facebook, youtube, Instagram etc. to advertise their scam platforms. They claim to make high end profit via fake/false screenshots to lure people to their trapping schemes. They motivate people to invest in their trading plans to be quick rich. Once you paid them, you are scammed. As they live on such frauds. If they are so efficient why they need you. They can make profit by themselves if they are so good.
Future Trading Scam- Scammers show high end profit by their fake sceenshots or claim to made high end profit by their trading style in future and promise to return high end profit if you invest in their trades. They will seek deposit from you by promising of return of high end profit by using your investment in their trades. Once you paid them, you are scammed. they will ask more funds to return your invested funds on the pretext of withdrawal charges. They never return your money and keep extracting from you till you are in their trap. As they live on such frauds. If they are so efficient why they need you. They can make profit by themselves if they are so good.
Scam project promising high returns launching on DEX Exchanges- They collect money by making project sites and promising high returns on listing on DEX Exchange like pancakeswap, uniswap etc. They ranaway after collecting money or their project dumped after listing on such exchange causing high end loss to investors. Such projects shut down after short time and the scam team vanish by deleting all things related to their projects.
Scam groups on similar names of reputed Exchange or project- They made similar groups using their name and brand identity to scam people. They use phising sites in such groups to hack your walllets or promise if you send 1 coin you will get 10 coin via airdrop etc. Beware of such scams, always check credentials of such groups by doing self research.
Crypto become full of such scams, you can only survive here if you do some research and gain knowledge before making any decision. Always remember no one can multiply your money by taking it from you by doing trading, all such showoffs are big scam. Always do your research, gain knowledgfe, always trade on highly reputed exchange like Binance. Play safe, trade safe. In case of any doubt, always take consultation from your friends or experts.
