The market today is so wavy this period, as its characterized by risks, rewards, loss and volatility. Presently, the fast track in cryptocurrency market and the impact the future of commerce has evolve various similar ideas. As so many kinds of investors are beginning to turn to cryptocurrency markets, so does the attention of scammers, cheats and fraudster.
Thousands of crypto-related scams has been reported and over $50 million has been lost. The mad rush in cryptocurrency has caught the attention of scammers. One needs to be vigilant, careful and protect his/her asset by all means.
Cryptocurrency scammers falls into two categories, which are.
- Aiming to obtain access of target wallets or credentials digitally, scammers trying to get informations like security codes.
- impersonation and fraudulent investment opportunities - scammers trying to impersonate someone with malicious means to collect funds from users in the blockchain.
Some warnings or signs of a potential crypto scam
- Guarantee that you'll make double folds from an investment.
- Big payouts with guaranteed returns.
- Free money without investment.
- Big rewards without rewards or efforts.
THE BOTTOM LINES.
There is this particular trend on the #hive blockchain, where scammers leaves comment on one's post, so many people has fall for it, we all need to be careful of such links. I almost fell into victim of such today ( some hours back).
Thanks to my friend @arcange who warned me about it as soon as possible.