Almost every trader falls into these traps.
Even experienced pros lose $50K-$100K.
Here’s how to protect your money before it's too late 🧵👇
I'm sure you've heard stories about crypto wallets being emptied in seconds.
Today, scammers use sophisticated schemes that bypass all security systems.
Here are 4 crypto scams you need to know about, and a plan to help you protect your assets.
1. YouTube Pump&Dump
Not all YouTubers in the crypto space aim to share knowledge — some are here to empty your wallets.
They pump tokens they secretly hold, hype them up, then quickly dump after you buy.
This scheme brings scammers millions every year.
A prime example of a crypto scam: Crypto Lark.
He pumped the $PMON token to 500K subs.
Blockchain data and a Fortune investigation showed he dumped his assets just hours later, cashing out $313K.
How's that for treating your audience?
ZachXBT's investigation exposed YouTubers paid to promote scam tokens.
Among them:
– Crypto Crow: $225K
– Altcoin Daily: $65K
– DataDash: $6.5K
Behind token promotions, there are often hidden deals.
Many crypto influencers deliberately mislead their audience — always double-check the info!
2. Fake Support Phishing
Attackers impersonate support staff, warning of an "account hacking."
They fake the verification process and send you to a fake website to confirm your details.
Once you enter your info, they gain full access to your funds.
Scammers expertly play on emotions, creating artificial panic about hacks, account locks, or suspicious activity.
A typical scenario: the user searches for support on Google, calls the first number they find, and scammers, under the guise of help, ask to:
– Provide screen access
– Share login details
– Payment "verification"
3. Unexpected Airdrop? It's a Trap!
An unknown token appears in your wallet with an enticing "Claim your airdrop" offer.
One careless transaction signature grants access to all your assets, with no way to undo it.
Scammers send fake tokens to thousands of wallets, disguising them as valuable assets.
Rules:
– Links in unexpected tokens? 100% phishing. Don’t click.
– Connecting your main wallet for a "free" drop = handing over all your assets to scammers.
– The only safe way to check: use a hot wallet.
4. Phishing Trap
Cold wallets are no match for the clever tricks of scammers.
Attackers send fake websites imitating legitimate services.
One careless signature, and your assets are permanently sent to scam addresses.
I hope you've found this helpful.
Below is a video that shows you a very good altcoin pick👇
#BinanceAlphaAlert #AirdropStepByStep #AbuDhabiStablecoin #ArizonaBTCReserve #AITokensBounce
