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Last week was great for chasing longs, reward myself by sending some Dogecoin to increase my followers!
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#CryptoScamSurge 🚨 What’s fueling this surge? Scams hitting record levels Crypto scams totaled approximately $9.9 billion in 2024, with projections around $15 billion in 2025, driven by AI‑enhanced tactics According to the FBI, losses from crypto scams soared from $2.57 billion in 2022 to $3.94 billion in 2023, a staggering 53% year-over-year jump New and sophisticated tactics JavaScript cryptojacking: Over 3,500 websites have been hijacked to surreptitiously mine Monero via hidden browser scripts AI deepfakes & pig-butchering: Scammers use fabricated celebrity videos and prolonged relationship scams to gain trust before draining wallets Fake involvement & phishing flood: Impersonation of crypto execs (e.g., Ripple’s Brad Garlinghouse) via bogus giveaways, fake apps, plus phishing websites and wallet‑poisoning attacks are widespread 💡 Real‑world examples XRP giveaway scams: Fake YouTube and social accounts exist, impersonating Ripple execs and promising rewards—reportedly flagged by Brad Garlinghouse Address‑poisoning & phishing: Users are tricked into sending funds to look‑alike crypto addresses or via malicious links—Bahtine estimates put losses at $1.2 million early in 2025 Telegram OTC scam: Over $50 million lost via off‑market tokens; another case in India saw ₹1.25 crore stolen using false “arrest” threats 🔍 Red flags to watch Guaranteed returns, free investments – especially if they ask for gas fees first Anonymous teams, slick sites, no regulation Promises of $1 meme coins – without logic (e.g., Bonk, Pepe, Floki) Checks to make: Look for multi-factor authentication, hardware cold wallets, verify site domains—watch for tiny URL tweaks . ✅ How to protect yourself DYOR (Do Your Own Research)—never chase FOMO or reward schemes Keep assets offline—use cold wallets, revoke unused approvals Validate everything—double‑check URLs, funding addresses, token legitimacy (via CoinGecko, Etherscan, etc.)
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