![]() ![]() “Check whether an NFT website is secure or not, you can use tools like Trend Micro, which is available for free,” he noted. His advice to users is to “be smart with your wallet credentials and never share your seed phrase (recovery phrase) with anyone.” He also recommended users look out for fake giveaways, and that if a deal is too good to be true, it probably is a hoax. In his view, it is best that users avoid clicking on any links, as they can also lead to fraudulent exchange sites. So how can crypto enthusiasts stay safe? “What makes these scams more dangerous is that it is difficult to locate these wallets, so once you lose your cryptos, there is no way to retrieve them,” Sourajeet Majumder, a cyber security expert, explained. People between 20 and 39 were hit particularly hard, representing about 44 per cent of the reported losses, the FTC said. Data shows that as the popularity of Bitcoin, Ethereum and other cryptocurrency continues to rise, so do the related online scams.Ĭrypto investors have lost more than $80 million in cryptocurrency investment scams since October, a 1000 per cent increase from the fall of 2019, according to US Federal Trade Commission (FTC) data. And clearly, the rise of crypto-related scams is a global problem. Many profiles use pictures of Asian women as a lure. has also seen some of these messages and fake crypto airdrops sent by profiles on Twitter. try to quickly move conversations onto other platforms, such as email or WhatsApp. When you think someone is a scammer or using a fake profile, besides stopping keeping in touch. All good dating websites have systems in place to try to spot scams. The moment that happens, the happiness takes away the rationality part,” he pointed out. What should you do when you face scamming on dating sites. “These fake profiles usually have Asian or Caucasian women, and an easy target for them are Indian men, who aren’t used to women messaging them first. He claimed this happens whenever he tweets something on NFTs/crypto. Garv Malik, a stand-up comedian and crypto influencer, receives at least one or two DMs a week. “If you click and authorised that transaction, there is no way to go back,” he added. According to the Federal Trade Commission, Americans lost 143 million to romance scams in 2018, with the average victim getting scammed out of about 2,600. However, the whole catch is when they share a link. ![]() Diwali Offer | Up to 1 year free has also seen some of these messages and fake crypto airdrops sent by profiles on Twitter. ![]()
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