{"id":59780,"date":"2023-11-16T10:40:13","date_gmt":"2023-11-16T02:40:13","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=59780"},"modified":"2023-11-15T19:40:42","modified_gmt":"2023-11-15T11:40:42","slug":"spotting-addressing-crypto-scams","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/spotting-addressing-crypto-scams","title":{"rendered":"Spotting Crypto Scams And How To Avoid Them"},"content":{"rendered":"

Since the creation of <\/span>Bitcoin<\/span><\/a> in 2009, cryptocurrencies have slowly gained traction among investors, culminating in a <\/span>massive boom<\/span><\/a> in the last few years. Cryptocurrencies such as Bitcoin and Ethereum climbed so high in value that every investor and their mother wanted a piece. All that hype has definitely died down by a lot in the current year, but this doesn\u2019t mean that cryptocurrency is dead. <\/span>Crypto still remains a fairly popular<\/span><\/a>, if not very risky opportunity.<\/span><\/p>\n

Unfortunately, this does mean that crypto scams are still a dime a dozen. The more money something makes, the more enticing it becomes for criminals to take advantage of, and crypto is no different. As the cryptocurrency market evolves, so do the strategies of scammers. In this article, we will explore some of these scams so that you will be well-equipped to spot a fraud from a mile away.<\/span><\/p>\n

<\/span>Types of crypto scams<\/b><\/span><\/h2>\n

<\/span>Phishing<\/b><\/span><\/h3>\n

Phishing is a fairly common tactic utilised by scammers. This essentially involves scammers creating fake and fraudulent websites, or sending deceptive emails that pretend to be legitimate cryptocurrency exchanges or wallet providers. These fake sites or emails will often ask for personal information, investors\u2019 private keys, passwords, and other sensitive information. Be wary as they can be quite persistent and convincing as well. A few ways to avoid phishing scams can include:<\/span><\/p>\n