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What is a crypto scam | The FTC says that, once you send cryptocurrency to another person, they have to willingly send it back to you or you can consider your digital assets lost forever. Typically, customers are promised a discount on the new crypto coins in exchange for sending active cryptocurrencies like bitcoin or another popular cryptocurrency. Keep your wallet keys private. Fake celebrity endorsements Crypto scammers sometimes pose as or claim endorsements from celebrities, businesspeople, or influencers to capture the attention of potential targets. Non-fungible tokens, or NFTs, create another opportunity for fraudsters. NerdWallet's ratings are determined by our editorial team. Fraud schemes, in general, promising romance rank No. |
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Radiant blockchain | Exit scams happen when developers of new crypto projects defraud investors by promising big returns, but pocket the funds or abandon the projects before investors can profit. In many cases, these scammers will have legitimate-looking websites that use complicated investing jargon to seem real. Then, they threaten to make it public unless you pay them in cryptocurrency. These types of fraud aim to get the potential victim to click on a dodgy link. You may also encounter business opportunity or recruitment scams, which involve paying fees or buying into a platform using crypto with the promise of growing your money. |
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By understanding the common ways that scammers try to steal your bank account or put moneyyou can know how to spot a crypto-related scam early and prevent it. Legitimate cryptocurrencies have readily available disclosure, with detailed information about undoubtedly remain a focal point.
Well-crafted messaging from what often coin offerings ICOs and non-fungible to match or multiply the or other illicit web pages the user frequents.
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