Post
Topic
Board Altcoin Discussion
Re: Keep these things in mind when you are into crypto world
by
logicgate
on 16/04/2018, 19:49:03 UTC
This is why many are also taking advantage of the telegram groups by displaying themselves and disguising as the admin's, there's no way to stop this but to give public awareness.

There are also scammers on twitter.

Just like by visiting those announcements from the developers, there are these like giveaways that are being held through that.

When there is some instructions that dictates to send you xx amount of eth or bitcoin to an address, that's an obvious scam.
There are many scammers like that and they are everywhere so the only thing we can do to protect ourselves is to not be so dumb, scammers are very smart somehow they are able to get the list of everyone that invested in an ico and then they send them malicious emails trying to get their private keys and unfortunately many people fall for it, so people need to familiarize themselves with the current scams so they can avoid it.

This is probably why the social media platforms have now chosen to ban ICO ads. Since there are many which are scams, their users may get victimized of these scams and their reputations will be at risk. These advertisements may help facilitate the scammers reach a bigger audience through social media. Awareness on how to avoid these scams should be spread so that the users may know what to look out for. There are red flags which help us tell whether an ICO is likely to be a scam.
In the world of the crypto currency, scammers are one of the biggest threat to all those who have invested their money into it because scammers keep on trying different techniques to target people and then snatch their money and the crypto coins from them. You need to be very aware of all such kind of people and that you need to be sure that you are dealing at the right place and you have not fall victim of any such thing.