Since the crypto boom, there have been yearly reports of crypto scammer doing their creepy deeds. In 2023, according to CoinDesk, users of cryptocurrencies lost close to $2 billion worth of crypto assets to various scams and hacks. A few days ago, it was reported that scammers stole assets worth $4 million from Solana users. Also, the United Nations announced that one of the most traded cryptocurrencies, Tether, is now the hot tool for various scammers.
These reports show that despite the immense efforts put into cryptocurrency security, there are still loopholes. But, many of these scam cases occur because users fall as easy prey to scammers. In this casino news, we will highlight a few ways by which you can identify crypto scams and avoid them.
Shady Tactics: How a Crypto Scammer Operates
Crypto scammers are different from hackers. Scammers often get their victims by manipulating them. Once they identify that a person lacks the knowledge of crypto or desires urgent money gains from their casino games, they bombard the individual with various offers, backing them up with fake transactions. Some of these fraudulent individuals go further by creating legitimate crypto platforms to collect crypto users’ personal information. Their goal is to gain users’ trust and then siphon their assets while it’s too late to back out.