How Scammers are Operating

Some of the more common / emerging scam methods:

Phishing / fake websites / fake dApps: Scammers lure users to fake platforms or apps which steal credentials or trick users into approving malicious transactions.

Impersonation & Deepfake: Using AI to generate convincing videos or voices of celebrities or executives to promote fake investment schemes.

Malware via messaging apps (Telegram etc.): Fake verification or safeguard bots that install malware to capture wallet data or personal information.

Social engineering: Romance scams, “pig butchering” (where trust is built over time—fake relationship + fake investment), referral schemes, fake job opportunities or “get rich quick” pitches.

Rug pulls / exit scams: Projects that look legitimate (especially in DeFi / token launches) but the creators disappear with the funds.

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Risks / Why It’s Getting Worse

Use of AI & deepfake tools lowers the barrier to make convincing scams.

More platforms & communication channels (social media, Telegram etc.) give scammers many vectors.

Many victims are unaware or overconfident, or fail to verify claims (e.g. official sources) or check legitimacy.

Some scams exploit the hype or FOMO around crypto’s volatility, new launches, etc.

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How to Protect Yourself

Here are ways to reduce the risk of falling for these scams:

1. Verify sources carefully

Always check URLs, especially for dApps or staking sites.

Use official channels (official websites, verified social media) for any promotions or announcements.

Be very cautious about anyone asking you to send crypto, approve contracts, or share private keys.

2. Security hygiene

Enable two-factor authentication (2FA) wherever possible. Use app-based/multi-factor or hardware where available, rather than just SMS.

Keep software and devices updated.

Use trusted wallets, don’t store large amounts in hot wallets if not needed.

3. Be skeptical of freebies & giveaways

Fake airdrops or giveaways often require you to first send crypto or “pay a gas fee” — which is a red flag.

If something seems too good to be true (high returns, guaranteed profit), it probably is.

4. Don’t click unknown links or join untrusted groups

Especially on Telegram or social apps.

Be careful with “verification bots” or “safeguard bots” that ask for personal info or ask you to install something.

5. Educate yourself & community

Follow crypto security news / reports

Share awareness

Use tools that help check

contract safety (e.g. contract audits, verifying smart contract addresses)