He is 17 and already a millionaire

A brief talk made him spill everything

Here's his story, earnings, popular scams and how to protect urself from them 🧵👇

➮ Before we begin, could I ask you a favor?

☩ I've invested a lot of time into this research and truly value any interaction you've had with this thread!

☩ Please bookmark, retpost, or simply give it a like if u can.

2/➮ Scammers deceive individuals through bogus investment schemes and phishing tactics.

☩ Initial fraudsters have the potential to amass millions in just a few weeks.

☩ From 2021 to 2024, more than $50 billion was lost to cryptocurrency scams.

3/➮ This individual began defrauding others at the age of 15.

☩ He has since become one of the most prolific scammers.

☩ By 2024, he had deceived over 3,000 crypto users.

☩ It's possible that you were among his victims.

4/➮ When I discovered his earnings, I was astonished.

☩ He effortlessly earns $25 million per month.

☩ This money comes from regular people who don't follow safety tips.

5/➮ I got him to disclose the most effective scams.

☩ They're quite common and simple, and easy to protect against.

☩ I'm genuinely amazed that people still fall for such basic tricks.

6/➮ Now, I'll share with you the most common crypto scam schemes

☩ Additionally, I will provide a small tip from scammers on how to protect urself👇

7/➮ Phishing Attacks:

☩ Fraudulent websites imitate legitimate exchanges to steal login credentials.

☩ Tip: Always verify URLs and enable two-factor authentication.

8/➮ Social media giveaway scams:

☩ Scammers impersonate others, offering free crypto in exchange for personal information.

☩ Tip: Verify the legitimacy of giveaways through official channels.

9/➮ Ponzi schemes:

☩ They promise high returns to early investors using funds from new investors.

☩ Tip: Steer clear of unrealistic promises or unsustainable returns.

10/➮ Fake ICOs:

☩ Scammers set up fake ICOs, promising high returns, then disappear with the money.

☩ Tip: Investigate the project team and look for reputable endorsements.

11/➮ Exchange Hacks:

☩ Fraudulent or disappearing exchanges seize users' funds.

☩ Tip: Use secure exchanges that offer cold wallet storage.

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I hope you found this research helpful

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THAT'S IT FOR TODAY......

#WhaleAlert #Whale.Alert #CryptoScammer #cryptopm #CryptoNewss