Scammers follow the money, which means they\u2019ve got their hands in cryptocurrency as well as traditional USD. Here are five cryptocurrency scams to watch out for:<\/p>\n\n\n\n
In this ruse, a scammer reaches out to crypto investors pretending to be an investment manager. They say they\u2019ve earned millions investing in Bitcoin, and can invest the target\u2019s money for similar results. The catch? An upfront fee, of course! With money in hand, they disappear.<\/p>\n\n\n\n
Protect yourself: <\/strong>Never pay an upfront fee for a service you\u2019ve never used without doing solid research into its authenticity.<\/p>\n\n\n\n In these scams, criminals use online dating sites to scam singles looking for legitimate love connections. Once the \u201crelationship\u201d feels trustworthy, the online \u201cdate\u201d starts talking about an outstanding cryptocurrency opportunity, promising lucrative returns. The victim makes an investment and loses it all to their \u201cromantic partner\u201d.<\/p>\n\n\n\n Protect yourself: <\/strong>Never share money with an unverified online contact you\u2019ve never personally met.<\/p>\n\n\n\n This scam involves a criminal intercepting info a victim sends over public Wi-Fi, including login credentials to cryptocurrency accounts and cryptocurrency wallet keys. The scammer then uses this info to access accounts.<\/p>\n\n\n\n Protect yourself: <\/strong>Use a virtual private network (VPN) when accessing sensitive and financial accounts.<\/p>\n\n\n\n Scam rings use social media platforms to advertise crypto giveaways. If a target clicks on the giveaway, they\u2019re directed to another site seeking a payment to verify their account for the giveaway. If they comply, the victim loses this money. Worse, the link to pay the fee may contain malware.<\/p>\n\n\n\n Protect yourself: <\/strong>Never click on an ad to buy cryptocurrency. Instead, look up secure investment sites directly.<\/p>\n\n\n\n In this scheme, scammers impersonate recruiters to gain access to crypto accounts. They may offer a job opportunity that only takes payment in crypto for job training. Of course, the job is bogus and all the target will gain from the \u201ctraining\u201d is a loss of cryptocurrency. <\/p>\n\n\n\n Protect yourself: <\/strong>Never accept a job offer that insists on payment for training via cryptocurrency. <\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Scammers follow the money, which means they\u2019ve got their hands in cryptocurrency as well as traditional USD. Here are five cryptocurrency scams to watch out for: 1. Bitcoin investment scams In this ruse, a scammer reaches out to crypto investors pretending to be an investment manager. They say they\u2019ve earned millions investing in Bitcoin, and […]<\/p>\n","protected":false},"featured_media":7418,"template":"","education-category":[194],"class_list":["post-7417","education","type-education","status-publish","has-post-thumbnail","hentry","education-category-tips-resources"],"yoast_head":"\n2. Romance scams<\/strong><\/h2>\n\n\n\n
3. Man-in-the-middle attack<\/strong><\/h2>\n\n\n\n
4. Social media cryptocurrency giveaway scams<\/strong><\/h2>\n\n\n\n
5. Employment offers <\/strong><\/h2>\n\n\n\n