Post
Topic
Board Altcoin Discussion
Re: Keeping your assets safe in the crypto space..
by
Huppercase
on 08/06/2024, 15:57:02 UTC
One constant fact that I've noticed since I got into crypto is that the moment a project or a company starts getting popular or begins to gain a huge follower base, it starts to attract scammers like Sugar to ants.

It honestly gets annoying after a while, I can't join a Telegram or Discord group without being DMed by a dozen of them, fake links flying here and there. A recent example is Bitget releasing a couple of articles to inform their users about phishing and a particular malicious browser extension named "AggrTrade". I've seen similar notifications from Binance, bybit also telling their users to be careful

Still, I guess we can only just remain careful to avoid falling victim to scammers after all there isn’t much that can be done. What have you guys been doing to keep your assets safe though? Drop some comments, let's learn.

You should know that anywhere that money is involved, you should know well enough that scammers are going to be present their and not because it's the money that draw their attention, they know that their are people there that are not security conscious about how to safeguard their money and that's their victims they come after. Sometimes, these scammers just happen to be similar people like other investors but because they are smart about how the project works, they look for the loopholes and then use that to extort individuals.

It's because of this scams some projects don't create telegram channels for their followers, what they do is they create Twitter/X account for public announcements and then use Discord for chats since Discord servers can't be clone like Telegram where groups and channels can be impersonated and that can result into thousands of people been victim. Just know that no matter how careful the team are, people will lose money in crypto as some investors are new and don't understand how crypto work until they become a victim.