When I first entered the cryptocurrency world, I was basically a 'scam harvesting machine'. I fell for everything from 'high yield investments' to 'insider information' and 'airdrop benefits', losing nearly 100,000 in total. Later, I compiled all my experiences of being scammed into a 'fraud prevention manual', and since then, I haven't fallen for scams again and even helped my friends avoid many traps.
Core idea: The scams in the cryptocurrency world are numerous, but they all follow the same principle. As long as you remember that 'there's no free lunch', you can avoid 99% of scams. Those promising 'high returns, zero risk, guaranteed profits' are all scammers.
Middle section practical tips, the 5 most common scams in the cryptocurrency world and how to deal with them: First, high-yield investment scams. Scammers will use the banner of 'annual returns over 50%' and 'capital protection' to attract you to deposit funds into their platform. Initially, they might give you a small rebate, but once you invest a large sum, they will run away with the money. How to deal with it: Any investment that promises high returns and capital protection should be passed; legitimate investments come with risks and cannot guarantee capital protection. Second, insider information scams. Scammers disguise themselves as 'industry experts' or 'insiders', claiming they have insider information that can help you make precise profits, but they are just trying to offload their shares to you. How to deal with it: Do not believe any insider information; all profits made from insider info are speculative and will eventually lead to losses. Third, airdrop scams. Scammers will notify you via SMS, social groups, etc., that you can receive free airdrops by clicking a link and filling in your wallet address and private key, resulting in your assets being instantly transferred away. How to deal with it: Never disclose your private key to anyone; legitimate airdrops will not ask you to fill in your private key. If you encounter any airdrop that requires your private key, directly blacklist it. Fourth, imitation scams. Scammers mimic popular projects to create imitations, using similar names and logos to attract investors, and once they have raised enough funds, they will run away. How to deal with it: Always verify the official information of the project before investing, check the project's GitHub submission frequency and community activity, and ensure it is a legitimate project before investing. Fifth, signal scams. Scammers constantly shout signals in social groups, displaying profit screenshots to lure you into trading with them. In reality, they profit from your trading fees or by offloading shares to you. How to deal with it: Stay away from any signal groups, make your own decisions, and even if you want to reference others' opinions, you need to conduct your own rational analysis.
The worst time I was scammed was when I believed in a 'high-yield investment', I invested 50,000, and at first, I did receive a few hundred in rebates. I thought I had found a good opportunity, so I added another 30,000, but the next day the platform was inaccessible, and the customer service disappeared without a trace. During that time, I couldn't eat or sleep, and almost fell into depression. Since then, I have been cautious about any high-yield projects.
Now, with this anti-fraud guide, not only have I not been scammed again, but I have also helped several friends avoid traps. I hope everyone remembers that making money in the cryptocurrency world is not easy, and you must protect your principal.
End Pet Fan: Follow me, @男神说币 Next issue, I will release the compiled 'Cryptocurrency Scam Case Collection', detailing the methods of each scam. Do you need my help to identify whether the project you are following is legitimate? #加密市场反弹 $BTC
