Post
Topic
Board Beginners & Help
Re: Anyone can fall victim to crypto scams
by
puloweh555
on 22/03/2025, 19:10:09 UTC
I see people relating crypto scams to newbies only but the honest truth is that scammers feed on people's ignorance, not only that but greed as well, therefore anyone can be a victim, not only newbie. Well, newbies are their easiest targets cause their ignorance makes them very vulnerable but their are some newbies that are very smart and careful online not to lose money to scammers.
 Although some can easily be fooled online. For instance, someone was scammed through releasing his passphrase, the scammer told him that he'll be gifted free coins but he'll have to drop his passpharse and out of ignorance he released it to the scammers and the rest of his coin in his wallet was history you'll be suprised how easily such person got scammed but think about it greed could play a role to that.
 Maybe the free money he was offered was very huge that he couldn't decline, maybe he might be ignorant but their are people even those with better understanding of the implications of releasing their passphrase that would overlook the implications and release their phrase to the scammer out of greed, everyone just needs to be more careful and avoid being greedy cause many have been scammed due to greed both ignorant and experienced crypto enthusiast.

Fraudsters exist because there are greedy people. That's the point

Almost all victims of fraud are due to greed and ignorance. These two things will be the main weapons for fraudsters in carrying out their actions, having knowledge alone is not enough if you can't control greed so that's the main factor for fraudsters in finding their victims.

In addition, there are also consequences of their own negligence so they think they were deceived when in fact it was their own fault. I once read the story of a trader on social media about losing a lot of money in crypto because he sent the wrong address and what he sent to the fraudster's address. So he told the initial chronology, he lost a lot of money in crypto just because he copy-pasted the address from the transaction history.

He intended to transfer as usual, but it turned out that the address was fake and almost similar. This is because the fraudster sent crypto coins to many wallets, including the victim's wallet. Of course the reason is that the fraudster wanted the fraudster's address to appear in the victim's transaction history. When the victim wanted to transfer as usual, he just copied and pasted from the previous transaction history and the fraudster's address was selected. This may be a trivial matter, but we need to be aware of it, especially if our wallet often makes transactions with airdrops, it will be very dangerous and we need to be aware of it.