You could say that 2021 was the year of crypto scams. Over a billion dollars was lost, according to CNBC. In order to protect your crypto dealings, it’s important to be aware of what to look out for. So here is a list of the most common scams.
1. Phishing: Never, ever click on unverified links. Ever. Always search for the official link from verified source.
2. Signing Transactions: Don’t sign randomly requested wallet transactions. Attackers can swipe anything from your wallet, forever. One bad signature compromises your wallet forever.
3. Ignore Random Tokens: Sometimes you’ll receive random tokens (both fungible and non-fungible). Ignore them! Any interaction with them (including transferring out of your wallet) can drain your wallet and permanently compromise it.
4. Accepting High WEth offers: If the offer on an NFT seems too high, it’s probably a scam. They can get your NFT without paying you anything.
5. Cold DMs: Assume they’re a scam, unless you TRIPLE verify their identity.
6. Golden Rule: “If it’s too good to be true, it’s probably a scam.”
7. Customer Service is NOT Calling you: A new scam is that the Twitter data breach that got millions of user phone numbers is being used to get you to give your password for various accounts, including Google and Apple. They’ll try to repeatedly reset your password then call you posing as “customer support” to protect your account. Don’t give them ANY password info.
Stay safe out there! 99% of hacks are social engineering by getting you to do an action that compromises your digital security. Be ultra vigilant!
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