In light of the recent Solana hack, there’s no better time to familiarize yourself with some of the most common cryptocurrency scams and how to avoid them.
Scam 1: Impersonation
Someone claiming to be an employee may contact you via email, phone, or social media and ask for your recovery phrase, private key, or login information. Legally, no one should never ask you for this information.
Scam 2: PhishingAn email asks you to go to a website and reset your password or provide your private key. These sites often look identical to the sites they impersonate and can have a similar URL like "b1ockchain" instead of "blockchain". These scams often result in a malicious third party recording your login details and stealing your full access. Scam 3: Fake investments or blackmailThis type of scam may ask you to “pay a fee” or “pay a tax” in order to release a bigger amount of funds to you. Scammers usually impersonate authorities and financial institutions that don’t usually operate this way.
A variation involves someone claiming they have your personal information, such as access to your spending records, browsing history, or webcam. They may then demand a ransom in crypto. These emails usually come as a result of your contact information being involved in a data breach and shouldn’t be trusted.
🔒 Stay vigilant and keep your private keys and passwords safe.
Credits BLOCKCHAIN
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