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- Crypto scammers are impersonating wrestlers and stars to drain funds using the fan’s trust
- Using dating applications, fraudsters are attracting investments to their fake projects
- Using platforms
- The fraudsters are using famed names to trick social platform users by announcing give away for digital assets
Crypto scammers are tricking crypto users as cryptocurrencies are buzzing. Elon Musk, the CEO of Tesla and SpaceX, has been a proponent of digital assets since the beginning of this year. With millions of followers, Musk’s tweets end up manipulating the prices in the virtual assets market. Using the fame of Musk, scammers are using his name to launder funds. A report shared by the FSC claimed that digital asset users had lost over $80 million worth of cryptos over the last six months.
Crypto scammers playing with the trust of people
Individuals follow the stars of their choices, and the crypto scammers gain benefits. According to several scam victims, the imposters impersonate wrestlers, famous celebrities, or the PR team of those stars. The imposter shows as if the popular figure is planning to charity schools or something in other countries. The followers trust their idols, trust their cause, and think that the figure is willing to do charity and get tricked.
Dating with cryptocurrency fraudsters
On dating apps, anyone can create a fake profile in an uncomplicated way. So the same thing is done by crypto scammers. Notably, people began to share about their routine and work on dating applications. In the end, the actual match turns out to be a cryptocurrency fraudster. With a novel talk, the scammer somehow manipulates the person and attracts them to invest in a fake project.
Digital assets give away the scam
Crypto scammers nowadays are using famous identities to trick individuals globally. Such imposters promise to give away cryptos if the users send crypto to them. Such scammers are using platforms like Youtube and Twitter to launder users’ funds. Following the scenario and an increasing count of scams, observers are deemed to avoid digital currency payments.
How to stay safe from such scams?
To be protected by cryptocurrency scams, individuals must shelter themselves whenever someone asks to make ten-fold incomes. Sometimes the individuals can face ponzi scams, where the user gets an actual payout, which helps the scam to attract more investments, and ultimately, the scammers launder considerable sums. Moreover, to make any purchases, the users should use gift cards and avoid transacting with wire transfers or digital assets.
