NFT scams: How to avoid becoming a victim
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....
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The great Twitter hack of 2020 highlighted the scariest thing about crypto: being tricked by scams. Here is how to avoid being a victim.
Scams in the crypto space have recorded a meteoric rise with the bull rally and one Coinbase user has suffered a tremendous loss after falling victim to one of these scams. The user had fallen victim to the phishing scam that saw him lose millions in crypto to the scammer in a matter of minutes. […]
Since bitcoin’s inception in 2009, it has grown exponentially making it a widely popular digital currency that is used around the world. Unfortunately, it is due to the popularity of bitcoin and its market cap growth rate that scammers are realizing the monetary benefits they could get from it. According to Bitstamp, the first fully licensed bitcoin exchange, the bitcoin to USD market cap is more than $11.3 billion, with the cost of one bitcoin around the $708 mark, at the time of publishing. It goes without saying that the bitcoin space and its worth has attracted online scammers who want....
Did you know that approximately $11 million in bitcoins have been stolen since the year 2011? I had a hard time believing it myself, but according to researchers, that's exactly what's happened, and about 13,000 people have fallen victim to an estimated 42 different bitcoin scams over the past four years. Co-author of the research, Marie Vasek explains: "There are a lot of scams that we couldn't measure at all. There were scams we couldn't find or verify... We think presenting our findings as they are, a lower bound, makes a lot of room for us and others to further quantify scams in this....
Recently in a post on their blog, Shapeshift.io has warned users of various scams that are taking place on social media and attempt to lure users into depositing cryptocurrency on impostor sites such as “shapeshit.io” Shapeshift has released a detailed report to help users protect their funds and avoid falling victim to these attacks. Shapeshift.io has identified the following as the most common scam attempts on social media: Twitter accounts asking people to take surveys and then send a certain amount of bitcoin to be exchanged via twitter DMs. Twitter account asking people to send a....