SCAM-SCAM
Probably the most important thing that everyone who wants to connect themselves with the crypto industry in one way or another needs to know. Let's figure out what a Scam is in crypto and how to protect your assets!
Cryptocurrencies, due to their decentralization, are poorly regulated, which opens up a wide scope for cybercriminals. In addition, conditional anonymity* makes it difficult for the police and other services to track cryptocurrencies in transit. Because of this, many crypto crimes remain unsolved, which is actively used by attackers. (The term “conditional anonymity” is used because transactions in all cryptocurrencies except Dash, Monero and ZCash can be tracked.) So, what does scam mean in the crypto industry, how to recognize a crypto scam and protect your funds from attackers. Scam is translated from English as a scam - this is a type of fraud, the purpose of which is to force the victim to trust the attacker and transfer funds to him. The concept of a cryptocurrency scam means the same thing, with the only difference being that the fraudsters' target is digital assets. (Digital assets created with the purpose of stealing investor funds are often called crypto scams.)