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How to Spot Premining Scams: 1. Excessive Premining: An abnormally large premined portion can raise red flags, as developers hold excessive control over the coin’s value. 2. Lack of Transparency: Projects unwilling to disclose their premining strategy may have something to hide. 3. Misaligned Incentives: If beneficiaries receive disproportionate benefits without clear justifications, it could indicate a scam. 4. Minimal Development: Projects that allocate a large chunk of premined coins without significant development milestones might be dubious. To protect from premining scams, read more at our blog: https://buff.ly/4fLmGxN #cryptocurrency #cryptonews #cryptoassets #cryptoinvestments #investing #crypto #cryptocurrency #cryptonews #cryptoassets #cryptoinvestments #investing #crypto #cryptotrading #cryptoeducation #cryptoknowledge

According to the FBI’s 2023 Internet Crime Complaint Report, investment scams have skyrocketed. Last year $4.57 billion of losses were reported, with 90% being cryptocurrency (crypto) related. Today's Friday Fraud Awareness highlights how to avoid getting hooked by an investment scammer. 💔 Never mix online dating and investment advice. If you meet someone online who asks you to send them money to invest in crypto, that’s a scam. 🤔 Don’t trust promises of quick and easy money. If it seems too good to be true, it likely is! 💸 Never send money in exchange for employment – not to buy something, and not to protect your money. No legitimate business is going to demand you pay to play or work. Learn more about common scam tactics: https://brev.is/YuCeB

Have you ever received an unexpected text or direct message from a stranger? It might be the first step in a Pig Butchering Scam. This scam is named in reference to the practice of fattening a pig before slaughter. It is a type of confidence and investment fraud in which the victim is gradually lured into making increasing monetary contributions, generally in the form of cryptocurrency, to a seemingly sound investment before the scammer disappears with the contributed monies. REPORT: If you suspect you are a victim of a Pig Butchering Scam, notify your bank immediately. Contact your local police department and file a police report. File a complaint on the FBI’s Internet Crime Complaint Center (IC3): https://www.ic3.gov.

🚩 IMPORTANT WARNING 🚩 Dear Finbold Community, We have been made aware of fraudulent activities in the comments under our posts. Impersonators falsely claim to represent Finbold and attempt to scam our community with fake offers, taking advantage of our trusted name. Please be vigilant and consider the following: 1. Official Communication Channels: Always ensure you are communicating through our official pages and verified channels. We will NEVER ask you to send funds or share personal information in comments or unsolicited messages. 2. Suspect Offers: Be highly cautious of any offers that promise unrealistic returns or request cryptocurrency deposits. If it seems too good to be true, it usually is. When in doubt, contact us directly through our verified contact methods. 3. Report Fraud: If you see any suspicious activity or comments on our posts, please report them immediately and notify us. Your vigilance helps protect the community. Your safety and trust are paramount. We are actively taking steps to address this issue and appreciate your cooperation and understanding. Always verify before trusting or sharing information.

The New York Attorney General sues job scam fraudsters, seeking to recover $2.20 million in stolen cryptocurrency. According to Cryptonews, scammers have stolen $2.20 million worth of cryptocurrency from victims through a job-seeking scam. The scammers claimed via text messages to help find remote work and asked job seekers to deposit dollars into a cryptocurrency account. Initially, victims were instructed to purchase USDT and USDC stablecoins on legitimate platforms (such as Coinbase and Gemini) and then transfer them to an unmanaged digital wallet. New York Attorney General Letitia James has filed a lawsuit seeking to recover the frozen cryptocurrency for the victims and is demanding penalties and restitution from the scammers. Be ware of scammers to keep your crypto asset safe. #sosovalue #cryptonews #cryptoassets #riskmanagements #compliance

7 On Your Side report on $50K crypto scam catches CA officials' attention A 7 On Your Side investigation revealed how an 83-year-old California woman lost nearly $50,000 in a cryptocurrency scam involving Coinstar kiosks and Coinme accounts. The scammers manipulated her through a fake bank fraud alert, convincing her to withdraw cash and convert it into Bitcoin. This case highlights growing concerns about cryptocurrency fraud, particularly schemes known as "pig butchering," where victims are conned through elaborate setups. California officials and FinCEN are working to increase public awareness and improve protections against such scams.

Connecticut Crypto Scam Recovery Results in Seizure of $63,500 In a significant development, Connecticut State Police (CSP) have successfully recovered over $63,500 for a victim in a Connecticut crypto scam. The cryptocurrency scam recovery operation, which has s Author: Rimsha Rizwan https://lnkd.in/emf9h3Q2 #Cryptocurrency #News #crypto #cryptocurrency #phishing #scam #statepolice

CRYPTOCURRENCY FRAUD.   Cryptocurrency has become a significant part of the modern financial system, offering new investment and transaction opportunities. However, it has also attracted scammers. Cryptocurrency fraud is increasingly common and sophisticated. If you’ve been scammed, contact "Prykhodko & Partners" for legal help.   Scammers often use fake mobile apps to steal cryptocurrency. These apps look legitimate but are designed to compromise security and steal funds. Always verify the authenticity of apps before downloading them.   "Pump and Dump" schemes are another common scam. Scammers hype a cryptocurrency to inflate its price and then sell off their holdings, causing the price to crash. Many people buy at the inflated prices and lose money when the value drops.   Phishing scams involve fraudsters posing as legitimate entities to steal personal information through fake emails, calls, or websites. This type of scam is prevalent in the cryptocurrency world. Fake brokers also trick people into transferring funds by pretending to be legitimate brokers. By the time victims realize it's a scam, the fraudsters have disappeared.   Another scam involves promises of easy money. Scammers entice people to invest in high-return projects or platforms that turn out.   #Cryptocurrency #CryptoFraud #ScamAlert #CryptoScams #Phishing #PumpAndDump #FakeApps #InvestmentFraud #CryptoSecurity #LegalHelp

Binausdt.com is a fraudulent cryptocurrency platform that lures victims through social media ads and direct outreach, promising high returns on investments. Once users deposit funds, the site fabricates impressive metrics to appear legitimate but prevents any withdrawals, effectively stealing the deposited money. Key warning signs include unrealistic profit claims, lack of transparency, high-pressure tactics and inability to access funds.