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🚨 Web3 Survival Tip: Always Double-Check Addresses 🚨
A user nearly lost $129M USDT after accidentally copying a wrong address from their transaction history. In a miraculous twist, the scammer returned the funds within an hour. 🙏
This incident highlights two critical lessons:
1️⃣ Never copy-paste wallet addresses blindly. Always verify!
2️⃣ Scammers exist everywhere, but rare cases of integrity like this are extraordinary.
Stay sharp out there, and if this reminder saved you a potential headache, consider leaving a tip or sharing this with your crypto fam! 🙌
#MarketDownturn #scam
A user nearly lost $129M USDT after accidentally copying a wrong address from their transaction history. In a miraculous twist, the scammer returned the funds within an hour. 🙏
This incident highlights two critical lessons:
1️⃣ Never copy-paste wallet addresses blindly. Always verify!
2️⃣ Scammers exist everywhere, but rare cases of integrity like this are extraordinary.
Stay sharp out there, and if this reminder saved you a potential headache, consider leaving a tip or sharing this with your crypto fam! 🙌
#MarketDownturn #scam
Sayed 19:
😳😳
🪙Top Rug Pulls 🚨
1. OneCoin: The $4 Billion Ponzi 🤑
Ruja Ignatova, mastermind and FBI's Most Wanted 🚫, orchestrated a $4 billion heist (2014-2016), duping 3 million+ victims .
2. Africrypt: Brothers' $3.6 Billion Vanish 💸
Raees and Ameer Cajee, South African brothers, denied involvement in Africrypt's 2021 collapse, wiping $3.6 billion.
3. GainBitcoin: Bitcoin Bonanza 📈
Creators absconded with 385,000-600,000 bitcoin ($3-$4.7 billion), promising monthly returns, leaving investors shattered.
4. BitConnect: Satish's $2.4 Billion Scheme 🤥
Satish Kumbhani's Ponzi-style operation paid early investors with later investors' funds, reaping $2.4 billion globally.
5. PlusToken: $2.25 Billion Drain 💔
Creators allegedly siphoned $2.25 billion from South Korean and Chinese investors, leaving financial ruin.
Safety Reminders 🛡️
#pumpNdump #scam #rugpullalert #rugspull
1. OneCoin: The $4 Billion Ponzi 🤑
Ruja Ignatova, mastermind and FBI's Most Wanted 🚫, orchestrated a $4 billion heist (2014-2016), duping 3 million+ victims .
2. Africrypt: Brothers' $3.6 Billion Vanish 💸
Raees and Ameer Cajee, South African brothers, denied involvement in Africrypt's 2021 collapse, wiping $3.6 billion.
3. GainBitcoin: Bitcoin Bonanza 📈
Creators absconded with 385,000-600,000 bitcoin ($3-$4.7 billion), promising monthly returns, leaving investors shattered.
4. BitConnect: Satish's $2.4 Billion Scheme 🤥
Satish Kumbhani's Ponzi-style operation paid early investors with later investors' funds, reaping $2.4 billion globally.
5. PlusToken: $2.25 Billion Drain 💔
Creators allegedly siphoned $2.25 billion from South Korean and Chinese investors, leaving financial ruin.
Safety Reminders 🛡️
#pumpNdump #scam #rugpullalert #rugspull
Meme is Killing The Original Purpose of decentralisation.
I'm so frustrated with the state of the cryptocurrency market right now! These major exchanges like Binance, Coinbase, and Robinhood are listing all these meme coins with no real purpose other than speculation. It's like they've completely forgotten about the whole idea of decentralization!
These meme coins are just pump-and-dump schemes, and it's the everyday investors who are getting hurt. People are pouring their hard-earned money into these things, hoping to get rich quick, only to see the price crash and lose everything. It's heartbreaking!
And what's even worse is that these exchanges are getting away with it! They're making money hand over fist from listing these coins, even though they know they're worthless. It's just not fair!
This has to stop! We need to hold these exchanges accountable and protect investors from these scams. We need to get back to the original vision of cryptocurrency – a decentralized, transparent, and equitable financial system.
I'm not saying that all meme coins are bad. Some of them do have a strong community and a real purpose. But the vast majority are just scams, and we need to be aware of that.
If you're thinking about investing in a meme coin, please do your research first. Make sure you understand the risks involved and don't invest more than you can afford to lose. And most importantly, remember that there's no such thing as a guaranteed get-rich-quick scheme.
#EyesOnBTC #BitcoinStrategy #meme #scam
These meme coins are just pump-and-dump schemes, and it's the everyday investors who are getting hurt. People are pouring their hard-earned money into these things, hoping to get rich quick, only to see the price crash and lose everything. It's heartbreaking!
And what's even worse is that these exchanges are getting away with it! They're making money hand over fist from listing these coins, even though they know they're worthless. It's just not fair!
This has to stop! We need to hold these exchanges accountable and protect investors from these scams. We need to get back to the original vision of cryptocurrency – a decentralized, transparent, and equitable financial system.
I'm not saying that all meme coins are bad. Some of them do have a strong community and a real purpose. But the vast majority are just scams, and we need to be aware of that.
If you're thinking about investing in a meme coin, please do your research first. Make sure you understand the risks involved and don't invest more than you can afford to lose. And most importantly, remember that there's no such thing as a guaranteed get-rich-quick scheme.
#EyesOnBTC #BitcoinStrategy #meme #scam
See original
#scam Binance warns of fake tokens
LIVE
Binance MENA
--
Community Security Alert 🛡️
We have noticed an increase in the circulation of fake tokens on social media falsely claiming to be associated with Binance. These tokens are not endorsed by Binance and could expose you to fraud or financial loss.
Please always verify information through our official channels. Be cautious with untrusted tokens. Protect yourself by doing your own research (DYOR) and staying informed.
If you encounter any suspicious activity, please report it immediately.
Let’s keep our community — and this space — SAFU safe!
We have noticed an increase in the circulation of fake tokens on social media falsely claiming to be associated with Binance. These tokens are not endorsed by Binance and could expose you to fraud or financial loss.
Please always verify information through our official channels. Be cautious with untrusted tokens. Protect yourself by doing your own research (DYOR) and staying informed.
If you encounter any suspicious activity, please report it immediately.
Let’s keep our community — and this space — SAFU safe!
Solana's Dependence on Meme Projects: A Double-Edged Sword
Solana, a high-performance blockchain platform, has gained significant traction in the cryptocurrency space. However, a closer look reveals a concerning trend: its value seems heavily intertwined with the popularity of meme projects rather than genuine utility.
The Meme Project Phenomenon-Meme projects, fueled by hype and community-driven engagement, often lack inherent value. Their rise and fall are dictated by social trends and investor sentiment. Solana has become a haven for such projects, attracting a large user base driven by speculation and the allure of quick gains.
The Illusion of Value-The influx of meme projects on Solana creates an illusion of increased network activity and demand for its native token, SOL. This can drive up the price of SOL in the short term, giving the impression of organic growth and adoption. However, this value proposition is built on shaky ground.
The Looming Threat-The inherent volatility of meme projects poses a significant risk to Solana's long-term sustainability. Once the hype subsides and interest in these projects wanes, the demand for SOL could plummet. Investors who bought SOL primarily to participate in meme projects may start selling off their holdings, triggering a downward spiral.
The Need for Real-World Utility-For Solana to achieve lasting success, it needs to move beyond its reliance on meme projects and focus on fostering real-world adoption. This involves attracting developers building applications with tangible benefits and attracting users who utilize the platform for its intended purpose: fast and efficient transactions.
Conclusion-While meme projects can generate short-term excitement and inflate Solana's value, they offer a precarious foundation for long-term growth. Solana's future hinges on its ability to cultivate a robust ecosystem of projects with real-world utility. Only then can it break free from the speculative bubble of meme coins and establish itself as a truly valuable blockchain platform.
#Solana_Blockchain #scam #meme
Solana, a high-performance blockchain platform, has gained significant traction in the cryptocurrency space. However, a closer look reveals a concerning trend: its value seems heavily intertwined with the popularity of meme projects rather than genuine utility.
The Meme Project Phenomenon-Meme projects, fueled by hype and community-driven engagement, often lack inherent value. Their rise and fall are dictated by social trends and investor sentiment. Solana has become a haven for such projects, attracting a large user base driven by speculation and the allure of quick gains.
The Illusion of Value-The influx of meme projects on Solana creates an illusion of increased network activity and demand for its native token, SOL. This can drive up the price of SOL in the short term, giving the impression of organic growth and adoption. However, this value proposition is built on shaky ground.
The Looming Threat-The inherent volatility of meme projects poses a significant risk to Solana's long-term sustainability. Once the hype subsides and interest in these projects wanes, the demand for SOL could plummet. Investors who bought SOL primarily to participate in meme projects may start selling off their holdings, triggering a downward spiral.
The Need for Real-World Utility-For Solana to achieve lasting success, it needs to move beyond its reliance on meme projects and focus on fostering real-world adoption. This involves attracting developers building applications with tangible benefits and attracting users who utilize the platform for its intended purpose: fast and efficient transactions.
Conclusion-While meme projects can generate short-term excitement and inflate Solana's value, they offer a precarious foundation for long-term growth. Solana's future hinges on its ability to cultivate a robust ecosystem of projects with real-world utility. Only then can it break free from the speculative bubble of meme coins and establish itself as a truly valuable blockchain platform.
#Solana_Blockchain #scam #meme
ALERT ALERT* #xrp #scam #youtube
READ carefully and don't use websites named!
SHARE the awareness around scam sites!
I was recently scammed on a platform with arbitrage trading . here's my short story on losing 400 usdt.
normally I'm good at spotting a scam when i see it.
but sometimes when you don't have your guards up, and don't do diligence before investing on a site that isn't your go to like a reputable company such a Binance.
so to all of you, here is a urgent call to care and to research any other platforms even if they look professional. I lost around 400 usdt on a trading platform called Bitify,net / xrpprice,net cause they froze my asset's and demands more funds to unlock my 400 usdt
So beware of scammers , they are everywhere.
and don't fall for all the YouTube content about getting rich in a hurry.
READ carefully and don't use websites named!
SHARE the awareness around scam sites!
I was recently scammed on a platform with arbitrage trading . here's my short story on losing 400 usdt.
normally I'm good at spotting a scam when i see it.
but sometimes when you don't have your guards up, and don't do diligence before investing on a site that isn't your go to like a reputable company such a Binance.
so to all of you, here is a urgent call to care and to research any other platforms even if they look professional. I lost around 400 usdt on a trading platform called Bitify,net / xrpprice,net cause they froze my asset's and demands more funds to unlock my 400 usdt
So beware of scammers , they are everywhere.
and don't fall for all the YouTube content about getting rich in a hurry.
Phishing Alert: Blockstream Customers Targeted by Mail Scam
Do not fall for this #scam :
Users of Jade Wallet, a popular non-custodial storage for Bitcoin (BTC) and Liquid assets, are suffering from a dangerous scam. Jade's creator Blockstream has already stated that the recipients of strange letters should not open any links in them.
No emergency #update from Blockstream
Today, Oct. 21, 2023, the owners of Jade Wallet by the leading Bitcoin (BTC) development studio Blockstream started receiving alert letters. Their authors alleged that the Jade hardware wallet was exploited and Blockstream issued an emergency firmware release.
A phishing email is being sent out impersonating Blockstream. As we investigate, please remember:
1️⃣ DO NOT click on any suspicious emails claiming to be from Blockstream. Blockstream will NEVER ask for personal information via email.
2️⃣ NEVER enter your seed phrase online or…
To download the upgraded software, users are asked to click on the red button in the letter. However, Blockstream has nothing to do with this campaign: The malefactors are spreading phishing links via an email scam. Fortunately, they did not manage to hack Blockstream's mail server: The fake alerts are sent from a third-party domain that is not associated with Blockstream.
A few hours ago, Blockstream representatives issued a warning to recall basic security rules while an investigation is underway:
A phishing email is being sent out impersonating Blockstream. As we investigate, please remember: DO NOT click on any suspicious emails claiming to be from Blockstream. Blockstream will NEVER ask for personal information via email. NEVER enter your seed phrase online or share it with anyone, even if they claim to be from the Blockstream support team
Also, they stressed that all upgrades should only be downloaded from the official Blockstream website, and not from links in emails.
#cryptonews
#CryptoTalks
#BinanceSquare
Follow our channel for quick updates ✅
Do not fall for this #scam :
Users of Jade Wallet, a popular non-custodial storage for Bitcoin (BTC) and Liquid assets, are suffering from a dangerous scam. Jade's creator Blockstream has already stated that the recipients of strange letters should not open any links in them.
No emergency #update from Blockstream
Today, Oct. 21, 2023, the owners of Jade Wallet by the leading Bitcoin (BTC) development studio Blockstream started receiving alert letters. Their authors alleged that the Jade hardware wallet was exploited and Blockstream issued an emergency firmware release.
A phishing email is being sent out impersonating Blockstream. As we investigate, please remember:
1️⃣ DO NOT click on any suspicious emails claiming to be from Blockstream. Blockstream will NEVER ask for personal information via email.
2️⃣ NEVER enter your seed phrase online or…
To download the upgraded software, users are asked to click on the red button in the letter. However, Blockstream has nothing to do with this campaign: The malefactors are spreading phishing links via an email scam. Fortunately, they did not manage to hack Blockstream's mail server: The fake alerts are sent from a third-party domain that is not associated with Blockstream.
A few hours ago, Blockstream representatives issued a warning to recall basic security rules while an investigation is underway:
A phishing email is being sent out impersonating Blockstream. As we investigate, please remember: DO NOT click on any suspicious emails claiming to be from Blockstream. Blockstream will NEVER ask for personal information via email. NEVER enter your seed phrase online or share it with anyone, even if they claim to be from the Blockstream support team
Also, they stressed that all upgrades should only be downloaded from the official Blockstream website, and not from links in emails.
#cryptonews
#CryptoTalks
#BinanceSquare
Follow our channel for quick updates ✅
Shock Sale: FTX Dumps $1.9 Billion in Solana for Pennies on the Dollar! Inside the Fire Sale That's Shaking Crypto to Its Core!
FTX's liquidation drama unfolds as it offloads a hefty slice of its Solana (SOL) holdings, securing nearly $1.9 billion. In a bold move, 25 to 30 million SOL tokens were sold at a startling 60% discount, priced at $64 each, starkly below SOL’s market value of $172. This strategic yet controversial sale not only spotlights the dire straits of FTX’s unwinding but also hands buyers a potentially lucrative deal, amidst FTX’s November 2022 collapse fallout.
Galaxy Trading to Pantera Capital jumped on this opportunity, underscoring confidence in Solana despite its tumultuous history of dramatic price fluctuations. The transaction echoes the market's appetite for risk, offering tokens at a fraction of their value, locked for four years. Eva Weng from Caladan highlights the trade-off, noting investors swap immediate liquidity for discounted access, a gamble on future gains.
The sale's backdrop is fraught with the shadow of Sam Bankman-Fried’s legal woes and Solana’s volatile journey, deeply entwined with FTX’s saga. This event marks a pivotal point in the crypto narrative, showcasing the complexities and high-stakes nature of digital asset investments.
Do you think this is fair? They should sell it on the open market to maximize the returns so they can pay all the FTX users back.
#haram #scam #ftx #sol #solana
FTX's liquidation drama unfolds as it offloads a hefty slice of its Solana (SOL) holdings, securing nearly $1.9 billion. In a bold move, 25 to 30 million SOL tokens were sold at a startling 60% discount, priced at $64 each, starkly below SOL’s market value of $172. This strategic yet controversial sale not only spotlights the dire straits of FTX’s unwinding but also hands buyers a potentially lucrative deal, amidst FTX’s November 2022 collapse fallout.
Galaxy Trading to Pantera Capital jumped on this opportunity, underscoring confidence in Solana despite its tumultuous history of dramatic price fluctuations. The transaction echoes the market's appetite for risk, offering tokens at a fraction of their value, locked for four years. Eva Weng from Caladan highlights the trade-off, noting investors swap immediate liquidity for discounted access, a gamble on future gains.
The sale's backdrop is fraught with the shadow of Sam Bankman-Fried’s legal woes and Solana’s volatile journey, deeply entwined with FTX’s saga. This event marks a pivotal point in the crypto narrative, showcasing the complexities and high-stakes nature of digital asset investments.
Do you think this is fair? They should sell it on the open market to maximize the returns so they can pay all the FTX users back.
#haram #scam #ftx #sol #solana
Police in Inner Mongolia have arrested 63 people in association with a scheme that allegedly laundered 12 billion yuan ($1.7 billion), China News reports. #Binance #china #crypto #moneylaundering #scam
$BTC $ETH $BNB
🛑🛑🛑 Urgent update breaking news
Crypto crime is too easy
If we can’t help protect people’s finances in 2024, what does that mean for the future of our financial systems?
1️⃣ The huge sums of money lost to crypto scams and frauds is probably the biggest financial looting in the history of the USA.
The FBI recorded losses over $12.5 billion in 2023, 22% more than the previous year. The agency’s Internet Crime Center received a record 880,418 complaints from Americans about potential crypto and online thefts. Considering that most of the targeted individuals do not report their cases to law enforcement, these statistics imply an even more chilling reality.
We need collective action to resolve this situation, from robust security solutions to innovative regulatory and policy frameworks. It’s the only way out — and many already affected are on borrowed time.
2️⃣ We call upon community leaders, politicians and policymakers to step up and protect vulnerable communities. The present circumstances necessitate proactive and enduring measures from them. This is a battle between good and evil, where regulators and crypto innovators should be allies, not adversaries.
Whether one likes it or not, crypto is here to stay: but it cannot persist in its current form. We must prioritize accountability and transparency to enable this groundbreaking technology to thrive and ensure that more people prosper in a secure financial landscape.
Let’s make crime illegal again.
Part 1️⃣
♥️ Thank you for Watching my Post ♥️
♥️You can support me with tips to provide better content♥️
#ScamRiskWarning #btc #eth #bnb #scam
🛑🛑🛑 Urgent update breaking news
Crypto crime is too easy
If we can’t help protect people’s finances in 2024, what does that mean for the future of our financial systems?
1️⃣ The huge sums of money lost to crypto scams and frauds is probably the biggest financial looting in the history of the USA.
The FBI recorded losses over $12.5 billion in 2023, 22% more than the previous year. The agency’s Internet Crime Center received a record 880,418 complaints from Americans about potential crypto and online thefts. Considering that most of the targeted individuals do not report their cases to law enforcement, these statistics imply an even more chilling reality.
We need collective action to resolve this situation, from robust security solutions to innovative regulatory and policy frameworks. It’s the only way out — and many already affected are on borrowed time.
2️⃣ We call upon community leaders, politicians and policymakers to step up and protect vulnerable communities. The present circumstances necessitate proactive and enduring measures from them. This is a battle between good and evil, where regulators and crypto innovators should be allies, not adversaries.
Whether one likes it or not, crypto is here to stay: but it cannot persist in its current form. We must prioritize accountability and transparency to enable this groundbreaking technology to thrive and ensure that more people prosper in a secure financial landscape.
Let’s make crime illegal again.
Part 1️⃣
♥️ Thank you for Watching my Post ♥️
♥️You can support me with tips to provide better content♥️
#ScamRiskWarning #btc #eth #bnb #scam
$BTC $ETH $BNB
🛑🛑🛑 Urgent update breaking news
Crypto crime is too easy
If we can’t help protect people’s finances in 2024, what does that mean for the future of our financial systems?
1️⃣ The huge sums of money lost to crypto scams and frauds is probably the biggest financial looting in the history of the USA.
The FBI recorded losses over $12.5 billion in 2023, 22% more than the previous year. The agency’s Internet Crime Center received a record 880,418 complaints from Americans about potential crypto and online thefts. Considering that most of the targeted individuals do not report their cases to law enforcement, these statistics imply an even more chilling reality.
We need collective action to resolve this situation, from robust security solutions to innovative regulatory and policy frameworks. It’s the only way out — and many already affected are on borrowed time.
2️⃣ We call upon community leaders, politicians and policymakers to step up and protect vulnerable communities. The present circumstances necessitate proactive and enduring measures from them. This is a battle between good and evil, where regulators and crypto innovators should be allies, not adversaries.
Whether one likes it or not, crypto is here to stay: but it cannot persist in its current form. We must prioritize accountability and transparency to enable this groundbreaking technology to thrive and ensure that more people prosper in a secure financial landscape.
Let’s make crime illegal again.
Part 1️⃣
♥️ Thank you for Watching my Post ♥️
♥️You can support me with tips to provide better content♥️
#ScamRiskWarning #btc #eth #bnb #scam
🛑🛑🛑 Urgent update breaking news
Crypto crime is too easy
If we can’t help protect people’s finances in 2024, what does that mean for the future of our financial systems?
1️⃣ The huge sums of money lost to crypto scams and frauds is probably the biggest financial looting in the history of the USA.
The FBI recorded losses over $12.5 billion in 2023, 22% more than the previous year. The agency’s Internet Crime Center received a record 880,418 complaints from Americans about potential crypto and online thefts. Considering that most of the targeted individuals do not report their cases to law enforcement, these statistics imply an even more chilling reality.
We need collective action to resolve this situation, from robust security solutions to innovative regulatory and policy frameworks. It’s the only way out — and many already affected are on borrowed time.
2️⃣ We call upon community leaders, politicians and policymakers to step up and protect vulnerable communities. The present circumstances necessitate proactive and enduring measures from them. This is a battle between good and evil, where regulators and crypto innovators should be allies, not adversaries.
Whether one likes it or not, crypto is here to stay: but it cannot persist in its current form. We must prioritize accountability and transparency to enable this groundbreaking technology to thrive and ensure that more people prosper in a secure financial landscape.
Let’s make crime illegal again.
Part 1️⃣
♥️ Thank you for Watching my Post ♥️
♥️You can support me with tips to provide better content♥️
#ScamRiskWarning #btc #eth #bnb #scam
$BTC $ETH $BNB
🛑🛑🛑 Urgent update breaking news
Crypto crime is too easy
If we can’t help protect people’s finances in 2024, what does that mean for the future of our financial systems?
1️⃣ The huge sums of money lost to crypto scams and frauds is probably the biggest financial looting in the history of the USA.
The FBI recorded losses over $12.5 billion in 2023, 22% more than the previous year. The agency’s Internet Crime Center received a record 880,418 complaints from Americans about potential crypto and online thefts. Considering that most of the targeted individuals do not report their cases to law enforcement, these statistics imply an even more chilling reality.
We need collective action to resolve this situation, from robust security solutions to innovative regulatory and policy frameworks. It’s the only way out — and many already affected are on borrowed time.
2️⃣ We call upon community leaders, politicians and policymakers to step up and protect vulnerable communities. The present circumstances necessitate proactive and enduring measures from them. This is a battle between good and evil, where regulators and crypto innovators should be allies, not adversaries.
Whether one likes it or not, crypto is here to stay: but it cannot persist in its current form. We must prioritize accountability and transparency to enable this groundbreaking technology to thrive and ensure that more people prosper in a secure financial landscape.
Let’s make crime illegal again.
Part 1️⃣
♥️ Thank you for Watching my Post ♥️
♥️You can support me with tips to provide better content♥️
#ScamRiskWarning #btc #eth #bnb #scam
🛑🛑🛑 Urgent update breaking news
Crypto crime is too easy
If we can’t help protect people’s finances in 2024, what does that mean for the future of our financial systems?
1️⃣ The huge sums of money lost to crypto scams and frauds is probably the biggest financial looting in the history of the USA.
The FBI recorded losses over $12.5 billion in 2023, 22% more than the previous year. The agency’s Internet Crime Center received a record 880,418 complaints from Americans about potential crypto and online thefts. Considering that most of the targeted individuals do not report their cases to law enforcement, these statistics imply an even more chilling reality.
We need collective action to resolve this situation, from robust security solutions to innovative regulatory and policy frameworks. It’s the only way out — and many already affected are on borrowed time.
2️⃣ We call upon community leaders, politicians and policymakers to step up and protect vulnerable communities. The present circumstances necessitate proactive and enduring measures from them. This is a battle between good and evil, where regulators and crypto innovators should be allies, not adversaries.
Whether one likes it or not, crypto is here to stay: but it cannot persist in its current form. We must prioritize accountability and transparency to enable this groundbreaking technology to thrive and ensure that more people prosper in a secure financial landscape.
Let’s make crime illegal again.
Part 1️⃣
♥️ Thank you for Watching my Post ♥️
♥️You can support me with tips to provide better content♥️
#ScamRiskWarning #btc #eth #bnb #scam
FTC issues urgent warning about the increase in romantic scams with cryptocurrencies
The FTC asked users to report the scammers to the government and alert their loved ones about the coup.
NEWS
The United States Federal Trade Commission (FTC) has issued a consumer alert about romantic scams involving cryptocurrencies.
The FTC asked consumers to "cut contact" with online love interests that may be trying to steal their funds, using cryptocurrency investments as bait.
Scammers employ long-term tactics, taking the time to get to know their victims and build relationships before executing their schemes.
What are romantic blows?
The FTC stated that although people generally do not suspect that a love interest is applying a scam, love scammers create emotional connections with their victims, making it easier for them to believe the scammers' claims that they are cryptocurrency experts.
The government agency noted that these scammers are "good at what they do".
However, the FTC has warned investors that these scammers have already stolen millions of dollars from unprepared victims. The FTC wrote:
"They want to help you invest your money in the cryptocurrency markets or say they can teach you how to do it. You may think that they are concerned about your financial well-being, but they are not. They only care about their own financial well-being."
In addition, the FTC highlighted several warning signs that someone's love interest can be a scammer. These signs include promising large profits, ensuring that there is no risk, stating that they will teach investment secrets and persuading victims to send them money.
The FTC reminded consumers that no one can guarantee profits on any investment. The agency also said that all investments have risks, including cryptocurrency markets.
The government agency asked consumers to report possible love scammers with cryptocurrencies to the FTC and the social platform used by the scammer. In addition, the FTC also asked those who find scammers to alert their friends and family about the scam.
#scam
The FTC asked users to report the scammers to the government and alert their loved ones about the coup.
NEWS
The United States Federal Trade Commission (FTC) has issued a consumer alert about romantic scams involving cryptocurrencies.
The FTC asked consumers to "cut contact" with online love interests that may be trying to steal their funds, using cryptocurrency investments as bait.
Scammers employ long-term tactics, taking the time to get to know their victims and build relationships before executing their schemes.
What are romantic blows?
The FTC stated that although people generally do not suspect that a love interest is applying a scam, love scammers create emotional connections with their victims, making it easier for them to believe the scammers' claims that they are cryptocurrency experts.
The government agency noted that these scammers are "good at what they do".
However, the FTC has warned investors that these scammers have already stolen millions of dollars from unprepared victims. The FTC wrote:
"They want to help you invest your money in the cryptocurrency markets or say they can teach you how to do it. You may think that they are concerned about your financial well-being, but they are not. They only care about their own financial well-being."
In addition, the FTC highlighted several warning signs that someone's love interest can be a scammer. These signs include promising large profits, ensuring that there is no risk, stating that they will teach investment secrets and persuading victims to send them money.
The FTC reminded consumers that no one can guarantee profits on any investment. The agency also said that all investments have risks, including cryptocurrency markets.
The government agency asked consumers to report possible love scammers with cryptocurrencies to the FTC and the social platform used by the scammer. In addition, the FTC also asked those who find scammers to alert their friends and family about the scam.
#scam
Beware of Spoof SMS Scams!
Michael, an experienced Binance cryptocurrency trader, received a suspicious text message claiming to be from Binance Support about a login attempt from an unknown device. The message instructed him to call a provided number. Concerned, Michael called and was told by the "support agent" that his account was compromised and he needed to transfer his funds to a new wallet address via SMS. The scammer also asked him to download a remote desktop application.
Alarmed, Michael recalled advice about spoof SMS scams and decided not to share any personal information. He used Binance's official Verify to check the authenticity of the message and phone number, discovering they were fake. Michael reported the incident directly to Binance customer support, who confirmed it was a scam and thanked him for his vigilance. They reiterated that Binance would never ask for remote desktop downloads or fund transfers to unverified addresses.
By staying alert and following Binance's security practices, Michael protected his investments and exemplified how to guard against such scams.
#trendingtopic #CryptoSafety #scam #beware
Michael, an experienced Binance cryptocurrency trader, received a suspicious text message claiming to be from Binance Support about a login attempt from an unknown device. The message instructed him to call a provided number. Concerned, Michael called and was told by the "support agent" that his account was compromised and he needed to transfer his funds to a new wallet address via SMS. The scammer also asked him to download a remote desktop application.
Alarmed, Michael recalled advice about spoof SMS scams and decided not to share any personal information. He used Binance's official Verify to check the authenticity of the message and phone number, discovering they were fake. Michael reported the incident directly to Binance customer support, who confirmed it was a scam and thanked him for his vigilance. They reiterated that Binance would never ask for remote desktop downloads or fund transfers to unverified addresses.
By staying alert and following Binance's security practices, Michael protected his investments and exemplified how to guard against such scams.
#trendingtopic #CryptoSafety #scam #beware