Hook, Line and Sinker: How to Avoid Bitcoin Phishing Scams
As bitcoin becomes more popular and attracts mainstream users, scammers are resorting to tried-and-tested tricks like phishing emails and imitation websites to steal your funds. Follow these tips to keep yours safe. 1) Don't be greedy. Screenshot via Imgur user GreenFox. Phishing emails targeted at bitcoin users have so far come in a variety of flavours, the most blatant of which involves a person ostensibly sending you their wallet backup file and private key and asking you to send their bitcoin to another wallet address. The bait here is that you'll take the money and run. But as Imgur....
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More than $12 million in suspected criminal proceeds has been frozen after a joint US, UK and Canadian crackdown targeted crypto approval phishing scams that affected more than 20,000 people, according to the UK’s National Crime Agency. The operation also identified more than $45 million in cryptocurrency fraud tied to the same network of scams. […]
What are the most common NFT scams and how can you avoid them? Are the non-fungible tokens still worth the shot? Are NFTs worth it?NFTs are suitable as an investment. If you count your steps and take your safety measures, it’s a whole new world to explore. We’re in the middle of the roller coaster called NFTs but for a lot of people, there’s still a discussion about NFT investments vs. NFT scams. With a total market value of $40 billion, there’s no need to explain the success of the nonfungible tokens. Many will tell you NFTs are nothing more than overpriced PNG files that are a complete....
Even though wallet operators have a large role to play in protecting funds, customers also need to educate themselves to avoid phishing scams. As the global crypto economy continues to prosper, with Bitcoin (BTC) currently occupying the $15,500 region, questions regarding the overall safety and security of digital assets continue to persist, especially in the wake of a new scam whereby hackers made use of a phishing email to direct users to a fake Ledger website. According to various reports, victims were scammed to the tune of 1,150,000 XRP, worth approximately $290,000.Dave Jevans, CEO....
OpenSea, a leading NFT marketplace, has advised its users to exercise caution and avoid falling for phishing scams. The head of security said that an employee of a third-party vendor abused their access to customers’ data of OpenSea. OpenSea Customers’ Emails Leaked After discovering that email addresses had been shared with a third party, employees […]
Prominent web3 security outfit Scam Sniffer reports that crypto investors suffered an increased number of phishing scams in August. Notably, total assets lost to these scams during the last month represent an estimated 72% increase from July, representing a concerning development for the general crypto industry. Related Reading: Fake Job Offers, Real Thefts: North Korea’s […]