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Protect yourself from crypto scams!

  1. Unsolicited offers: You receive an offer out of the blue, often via email, text message, or social media[1][8].

  2. Promises of guaranteed returns: Any investment claiming to guarantee profits is likely fraudulent[2][4].

  3. Pressure to act quickly: Scammers create a false sense of urgency to push you into making hasty decisions[6].

  4. Celebrity endorsements: Be wary of celebrity advertisements or endorsements, as they are often fake[1][5].

  5. Requests for cryptocurrency payments: Scammers may ask you to pay for financial services or solve problems using cryptocurrency[1][3].

  6. Poorly written or non-existent whitepapers: Legitimate cryptocurrencies should have well-written, comprehensive whitepapers[4].

  7. Excessive marketing: Be cautious of cryptocurrencies with aggressive marketing campaigns[2].

  8. Phishing attempts: Watch out for emails or websites asking for your private keys or wallet information[2][4].

  9. Fake apps and websites: Scammers create counterfeit apps and websites to steal your information or cryptocurrency[4][7].

  10. Romantic partners asking for money: Be suspicious if an online romantic interest requests cryptocurrency transfers[1].

  11. Pressure to transfer crypto to another website: Legitimate exchanges won’t force you to move your assets[1].

  12. Blackmail or extortion attempts: Be wary of threats to expose personal information unless you send cryptocurrency[3][4].

By being aware of these signs, you can better protect yourself from falling victim to cryptocurrency scams.

Citations: [1] https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-305mr-asic-s-top-10-ways-to-spot-a-crypto-scam/ [2] https://www.investopedia.com/articles/forex/042315/beware-these-five-bitcoin-scams.asp [3] https://consumer.ftc.gov/articles/what-know-about-cryptocurrency-and-scams [4] https://usa.kaspersky.com/resource-center/definitions/cryptocurrency-scams [5] https://www.techtarget.com/whatis/feature/Common-cryptocurrency-scams [6] https://www.townebank.com/personal/resource/security/fraud/cryptocurrency/ [7] https://www.getsmarteraboutmoney.ca/learning-path/types-of-fraud/red-flags-of-crypto-fraud/ [8] https://www.morganstanley.com/articles/cryptocurrency-scams

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