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The cryptocurrency field is full of scammers. They are everywhere and as beginners we know their plans but it took us time to learn how to avoid them. There are fake giveaways scam airdrop and fake websites, we receive hundreds of phising emails and we are seconds from getting scammed after clicking a link. Some have already fallen to their plans and the reason is not the fault of victims. They did not know how to protect. We talk about scammers here and we can all be victims now or later so do not judge the victim by calling them greedy and stupid as I have read in comments. It is not about being clever but have experience. Second thing - if we get scammed we have to tell to the forum. With this we help other member to know and avoid the same fate we have. This is our part and how we can help other when we lost money to a scam and how we stop the criminal from stealing more. They will earn less from their scam and we payback this way to them.

Scammers are lately buying google ads and promoting various fake websites used by crypto enthusiasts. The latest one is Ledger while previous examples have been CoinCorner, Privnote, and many more. An example of how the scam works is bellow: Scammers create a similar domain name with a small difference in the letters and are able to buy ad services from google which will appear right on top of the legitimate website. It is important to use an adblocker (my favorite: uBlock Origin) in your searches and if possible avoid using Google services at all (for email better use Protonmail). Be careful when searching for a website as the possibility of a fake advertisement appearing is extremely high. Google does very little to research the validity of the ads and allows them to go on until they get massively reported. Let's not forget the security gaps in YouTube where hacking groups are hacking accounts of streamers, changing their information to crypto-related, and promote fake giveaways. Also, the countless fake apps android play-store has hosted so far. Google is a mess and can't control the scams happening on its platforms. Be extra careful Cryptotalk community. Especially beginners in crypto as these scams are mostly targeting people that do not have knowledge of their plans.

We all want to invest in a legit company in the crypto currency world but like everything money related there are those who wish to take your money and run leaving you with nothing. Here are some red flags to help you determine if a token or ICO is not on the up and up. #1. The Team Members A real legit company will list the full names of all team members along with their background and experience. I find team members who also have LinkedIn pages with their full work history to be the most credible. Watch the photos posted. I have seen cropped, vacation and even cartoon characters. Unless a professional photo is present, I say avoid. #2. The White Paper Most white papers are used as a marketing tool. They will tell you about the service/product being offered. A rule of thumb is 2500 words minimum, it should have key product or service highlights. It is a marketing tool and should read like one. If the white paper seems unprofessional and doesn't leave the reader with a better understanding of the product or service offered as well as the benefits, it's a red flag the person didn't understand what the white papers purpose was. #3. Blockchain & Source Code Blockchains are a good thing. It's an open transparency into the dealings of a company who deals in crypto currency. The blockchain records everything that has happened since the company went live. Any alterations to a blockchain, like restarting a blockchain, these companies should be avoided. The source code within the blockchain should always be visible as this is what crypto currency is all about open transparency. If a company is hiding a source code something is not right and this token/coin should be avoided. #4. Company Public Statements A public profile and presence by a representative is vital to a companies image and public trust. Image is everything and the smallest public infraction can send even the biggest companies spiraling. How professional is the spokesperson? Does he or she always act with the companies best interest or are they combative? A company representative reflects the company, how the company works, how the company is run. Public statements become public record, and the utmost care for a spokesman must be taken into account, as their future depends on it. While this is just a short list you may have other points to add and I encourage them all! Hey if you liked this post please give me some love!

I am searching for new ICO to start a small investment. But i dont know any ICO that is not a scam. Because most ICO that i encounter are scams or fake. I lost hundreds of cash because of scam ICO. Can anybody out there who knows an ICO that is not a scam and that is good for investments. Thanks guys.

Source:. the Cryptonomist Link: https://en.cryptonomist.ch/2021/01/28/crypto-report-16-billion-stolen-since-2012/amp/ Xangle has published a report in last week of January about the scam history in crypto world from 2012 to 2020. According to their report, there were 132 scams identified in which the scammers has stolen about 16 billion dollars. In this scam, there was 527 people have been indicated for scamming whose ware sentenced to 160 years in prison. Of these people, only 14 were executed, and no case has been registered against 24 people. In these 132 scams, there were many organisations involved in scam through their projects such as investment funds, ICOs, and trading schemes. Crypto scams, 2012 to date: The first major scam, that was reported in 2012, was Bitcoin Saving and Trust who did fraudulent to their investors about of 146 Bitcoins, or 97 million dollars. At the time, the price of Bitcoin was less than 1000 dollars, but when the prices of Bitcoin started to increase, the fraudsters took a high advantage from it. Another year with the highest number of scam was 2017 in which 41 crypto project were found as fraudulent, and in 2018 there were 39 crypto projects. The main purpose of creating this topic is to make you aware of this important information about scams. There were a huge number of scammers and scams we have left in previous years. Now we should have to be careful for the next to prevent from scammers. There are many ways to prevent from scammers in which some are following: 1- Scammers attract you with huge offer of profit in their trading sites, don't invest in them. 2- They shares links in which saying the earnings free Bitcoins and any other Cryptocurrencies, don't click any link before make research about the link before. 3- They created many applications that effect in wallets in which the sending address automatically changed, you should read many times the address before sending any payment. 4- They launch many fake ICOs and coins for investing, take research before making any investment in new projects. 5- Enable 2fa security system in your wallet and exchange sites, it will help you to secure your money as it allows only you to access your account. I wish you will have a safe journey in crypto world.

Be very careful, there is a fraudulent Uniswap exchange app disguised as official app for the exchange and it is listed on the Google Play Store. It is called Uniswap DEX and it is a fake exchange that is stealing money from investors. This app is a scam. Don't download exchange or wallets when searching Google Play Store because of the fake apps listed there. Visit the websites first and if there is an app there will be a link for it. The scammers to make this look good added hundreds of comments and even replies by the developer. Elaborate scam.

Howdy all, Heres a really good article talking about - How to Identify Cryptocurrency Investment Scams. Its from the web page - Scam Advisor. I recommend that anybody who wants to invest their money into anything related to cryptocurrencies, to read this article. It will only take you a couple of minutes to read, but it could save you a world of financial hurt. The main point of the article is - How to Recognize an Investment Scam. Enjoy, protect your money & be safe !!!!! https://www.scamadviser.com/scam-reports/cryptocurrency-bitcoins-scams/2589/how-to-identify-cryptocurrency-investment-scams

Hello, today I like to share this important information about Fake ICOs. Initial Coin Offerings (ICOs) quickly became the preferred method of financing for many of the startups in the crypto world. With them, a project can raise funds by creating a new token ready to be sold at the market price, the value of which will be backed in the future with the value of the project in question, when it is launched. The problem arises that literally anyone can launch an ICO, as there is hardly any requirement. This gives the opportunity for many scammers to set up fraudulent ICOs, backed by projects that, in reality, they never plan to complete, since their intention is only to escape with as much funds as possible. The ingredients of a fake ICO are often excessive publicity, a vaguely described project, ads too good to be true, and anonymous or unreal administrators (they tend to put famous people as part of the project when it is not true). It is worth noting, in addition, that there are also parodic ICOs, such as the Useless Token (Useless Token), where the same administrators warn that no return should be expected and all investment will be lost. In this case, it cannot be considered a scam, as parodic ICOs do not usually hide their nature. Examples of these events are Confido, with losses of 370 thousand dollars for the buyers of the token; Centra Tech, which even featured advertising for Floyd Mayweather and raised more than $ 32 million in its ICO; and what is perhaps the biggest scam in the history of cryptocurrencies: Modern Tech, an alleged company that, through the ICOs of the supposed iFan and Pincoin tokens, managed to steal up to 600 million dollars. Take care with Fake ICOs. cheers

Masbitcoin was a legally constituted Capital Investment promoter, whose headquarters are located in San Luís Potosí, Mexico, and also offered investment packages that yield returns from 5% daily and that, through recruitments in multilevel networks, People can get even more benefits, even 28% of their investment on the first day. Typical "legal" Hyip. Jorge Sánchez, is the creator of the company, despite having many red alerts and obviously being a ponzi and pyramid scheme, Masbitcoin managed to raise more than 2000 BTC at its BTC address, since part of the payments accepted them in cryptocurrencies However, they also accepted payments in Mexican pesos. Today, it is not known of Jorge Sánchez's whereabouts but it is known that he was shot in an assassination attempt on his person when he was in his car, one of his personal traders had stolen internally strong reason why Masbtc left in itchy, but that person is in jail.