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Dion Guillaume, global head of public relations and communication at Gate.io, a cryptocurrency trading platform, classifies the most popular crypto scams into three major categories: Ponzi schemes ...
These scams involve fraudulent investments where the scammer requests payment in cryptocurrency. ... out a warning after learning of multiple residents falling victim to a new type of scam. These ...
Jersey residents have been warned to stay vigilant after a new cryptocurrency scam began targeting the island's politicians and news outlets. The Jersey Cyber Security Centre (JCSC) said the ...
In 2016, the darknet market (online black market) Evolution was previously cited as the biggest exit scam yet, where the administrators apparently made off with $12 million in bitcoin, which was held in escrow on the marketplace. [6] Most exit scams and Ponzi schemes involving cryptocurrencies take place in the context of initial coin offerings ...
As the scam unraveled, investors were left with substantial losses, while the developers of Squid Coin disappeared from the public eye, taking an estimated $3.38 million with them. [ 3 ] [ 12 ] The project's website, which had previously been active, disappeared along with its social media accounts, further erasing any trace of its existence.
A pig butchering scam (in Chinese sha zhu pan [2] or shazhupan, [3] (Chinese: ĉçŞç), translated as killing pig game) [1] is a type of long-term scam and investment fraud in which the victim is gradually lured into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent cryptocurrency scheme.
• Don't enable the "use less secure apps" feature. • Don't reply to any SMS request asking for a verification code. • Don't respond to unsolicited emails or requests to send money. • Pay attention to the types of data you're authorizing access to, especially in third-party apps.
Crypto exchange or broker stocks: Buying stock in a company that’s poised to profit on the rise of cryptocurrency regardless of the winner could be an interesting option, too.