The rise in the popularity of cryptocurrency has also opened up more possibilities for bad actors to exploit all the loopholes in the crypto space and scam unsuspecting people.
In 2020, cryptocurrency scammers stole over $7.8 billion and this number doubled in 2021 as scammers were able to steal over $14 billion worth of crypto in the past year. New types of crypto scams are cropping up every day and if you are not careful, you may end up falling prey to them.
WHAT IS CRYPTO SCAM
Crypto scams refers to means of gaining private information such as security codes or trick an unsuspecting person into sending cryptocurrency to a compromised digital wallet.
TYPES OF CRYPTO SCAMS
● Fake websites
● Fake mobile apps
● Email scams
● Giveaway scams
● Marketplace scams
HOW TO AVOID CRYPTO SCAMS
》Protect your digital wallet
》Ignore cold emails
》Do your research
》Stay away from social media ads and Google ads
@everyone stay safe always