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#11: Beware of All This Shit

Screenshot: Lucas Ropek/YouTube/BitConnect
Screenshot: Lucas Ropek/YouTube/BitConnect

In the preceding slides, we highlighted some of the most common crypto scams (romance scams, fake apps, and rug pulls), but it’s worth noting that there’s a whole helluva lot more out there. To name a few:

Ponzi schemes
Impersonation scams
Initial coin offering scams
Fraudulent or inflated offerings 

…And, of course, even if you keep your crypto at a reputable Web3 platform, there’s always the possibility that cybercriminals will find some security deficiency in the platform and manage to hack your money right out of it. This has already happened quite a lot in this year alone. So watch out!