An engineer hailing from Bengaluru has been duped of Rs. 95 lakh in a Crypto Scam. The scammer pursued the tech geek to deposit or invest in bitcoins with unrealistic claims that he would get great returns on his investment. These types of crypto scams are becoming increasingly common in India and other parts of the world. Check out what are crypto scams and how to prevent them from taking place with you.
What Exactly are Crypto Scams?
In the crypto scams, it has been observed that scammers use various tricks to pursue potential investors to invest money in cryptocurrency. They increasingly try to exploit the personal information of the people. In such types of scams, scammers promise unrealistic gains to encourage them to invest their hard-earned money.
Common Crypto Scams and How to Prevent Them
Some of the common crypto scams include Pump and dump schemes, Fake Initial Coin Offerings, Ponzi schemes, Rug Pulls and Phishing schemes. Here are some ways to prevent these kinds of scams from taking place with you.
- If you receive any call or text message promising unrealistic gains, don’t get persuaded easily.
- Beware of crypto promotions promising substantial returns on social media.
- Beware of “Limited Time Offers” on crypto schemes posted on various platforms.
- Don’t click on any links embedded in the text message promising unrealistic gains.
- Prefer checking the authorising agency of the platform you are choosing to invest.
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER
