After a brief conversation, the con man revealed all his secrets.

Here is his story, income sources, common scams and how to protect yourself 🧵👇

Before we begin, can I help you?

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Scammers' tactics

Scammers deceive people through fake investment schemes and phishing attacks. Early scammers can amass millions in a matter of weeks. From 2021 to 2024, more than $50 billion was lost to cryptocurrency scams.

The story of this young con man:

He started defrauding people at the age of 15. He has become one of the most famous scammers. As of 2024, he has defrauded more than 3,000 crypto users. You may be one of his victims.

I was shocked when I found out about his income. He easily makes $25 million a month. This money comes from regular people who don't follow safety tips.

The most effective scam

He reveals the most effective scams. These scams are so common and simple that they are easy to prevent. I am really surprised that people still fall for these basic traps.

Common Crypto Scams and Prevention Tips

Now, I will share with you the most common crypto scams. Plus, I’ll give you some scammer protection tips 👇

Phishing Attacks

Fake websites mimic legitimate exchanges to steal login credentials. Tip: Always verify URLs and enable two-factor authentication.

Social Media Giveaway Scams

Scammers are posing as someone else and offering free cryptocurrency in exchange for personal information. Tip: Verify the legitimacy of the giveaway through official channels.

Ponzi scheme

They use the money from new investors to promise high returns to early investors. Tip: Stay away from unrealistic promises or unsustainable returns.

Fake ICOs

Scammers set up fake ICOs, promise high returns, and then disappear with the money. Tip: Investigate the project team and look for credible endorsements.

Exchange hacks

Fake or disappearing exchanges take possession of user funds. Tip: Use a secure exchange that offers cold wallet storage.

in conclusion

The key to protecting yourself from cryptocurrency scams is to be vigilant, verify information, and take precautions. Don't be fooled by promises of high returns, and always remain vigilant to ensure your investment is safe. Hopefully, this information will help you better protect your assets.

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