This Video Will Save Your Crypto Portfolio!

Crypto Banter

Warning: Scams in the Crypto Space

A person lost $160,000 to a scam after being tricked by a fake profile. The scammer created a profile with a similar username to a well-known influencer, but with a slight difference (e.g., an extra character or underscore).

How the Scam Works

  1. Scammers create fake profiles with slightly different usernames.
  2. They target newcomers to a Discord or other platform.
  3. They change their display name to match the influencer's, but their unique tag remains different.
  4. They initiate a conversation and mention a fake platform or opportunity.
  5. The victim invests money, thinking it's a legitimate opportunity.

How to Avoid Scams

  1. Always check the tag, not the display name.
  2. Never put all your money on one exchange. Spread it out and use decentralized wallets.
  3. Be cautious of DMs, especially those promising life-changing gains or opportunities.
  4. Verify the authenticity of a profile by checking their unique tag and looking for red flags.

Stay Safe

  • Follow reliable sources and influencers.
  • Turn on notifications to stay informed.
  • Never click on suspicious links or invest in unknown platforms.
  • Keep your money safe by being cautious and doing your research.