Recently, with the bullish atmosphere in the cryptocurrency market following Trump's election victory, many friends have flocked to the market. However, behind every bull market may hide traps, especially in cash transactions and U transfers, where many people can easily fall into scams and money laundering pitfalls.
Why Do Many People Get Scammed?
Fake 'Investment Advisors'
Scam groups often disguise themselves as 'investment advisors,' luring you into direct investments through inducements and in-person services. However, these individuals vanish as soon as they receive your funds, leaving you innocently embroiled in legal issues.Fake Exchanges and Fake Contracts
Some novices, eager to see quick profits, impulsively register on unknown exchanges, only to fall into the traps of fake platforms and false contracts. In the end, they lose everything, and their bank cards may also be frozen.Money Laundering Card Swaps, Risk of Card Freezing
Although lucky individuals may profit from correct contract bets, they encounter scams during the withdrawal process when fraud groups change numbers and cards, resulting in their bank cards being judicially frozen and creating difficulties.
How to Protect Yourself?
Verify Exchanges: Before downloading an exchange, be sure to confirm its legality through official channels, and do not easily trust sources found randomly online.
Beware of Scam Tactics: Familiarize yourself with common scam schemes, such as impersonating customer service, fake contracts, and money laundering card swaps, to help yourself identify and avoid traps at critical moments.
Stay Alert: Although the bull market's profits are tempting, do not blindly follow the crowd. Staying calm and rational can help you enjoy market profits while avoiding losses.
Protect your hard-earned money, stay away from scams and money laundering traps, and you can maintain a stable footing in the cryptocurrency market.
