crypto scams

Shielding Your Crypto Fortress: Defending Against the Rise of Fake Crypto Exchanges As the popularity of cryptocurrencies continues to soar, so does the threat of fraudulent activities, particularly from fake crypto exchanges. In this article, we’ll explore the alarming rise of these deceptive platforms, the tactics employed by scammers, and most importantly, effective strategies to safeguard your digital assets in the dynamic and sometimes treacherous landscape of the crypto world. Understanding the Threat:…

Mehul Reuben DasDec 27, 2022 11:26:50 IST2022 wasn’t a great year for the crypto industry. Investors saw a huge chunk of their wealth get wiped out in a matter of days. While the market stabilised a little towards August, the fall of crypto exchanges like FTX, and other trading platforms going bankrupt has shaken up the confidence of some of the most seasoned investors as well. However early adopters of crypto will understand, that like all asset classes, investing in crypto is a game that has to be played in the long…

The man whose book actor Shilpa Shetty tweeted on 7 July 2017 would go on to script one of the largest ponzi schemes India has seen. Amit Bhardwaj’s GainBitcoin scam, unearthed in 2018, and which has since ballooned to $2.7 billion, enticed people to invest by promising them high returns in a short time-frame, but it did so using a little-known form of digital money at the time—cryptocurrency. Bhardwaj carried out his swindle almost in full public view—his Twitter handle and promotions for his book were a…

The moment Elon Musk posts something on Twitter, some scammers running different crypto scams respond to his tweets and try to steal some attention — and also money from his followers — by impersonating him. Bad actors use deceptive tactics such as using the same profile photo of the Tesla and SpaceX CEO that he has on his official account and his profile name, but with some fancy fonts. Interestingly, the accounts also have the 'Verified' mark to easily pretend to be Musk, who, of course, has the blue tick on his…