What are the most dangerous Bitcoin and cryptocurrency scams?
The most common Bitcoin scams are phishing emails, spoofed and imposter websites, and cryptocurrency company impersonation scams. On social media,...Read more
What should I do if I receive a blackmail email about my Bitcoin wallet?
Don’t reply, don’t answer, and don’t send any payments. Instead, you should: Change your passwords. Report the extortion email. After you’ve report...Read more
How do I protect my Bitcoin?
You’ll want to store your digital assets in a hot or cold wallet. Cold wallets are hardware and aren’t connected to the internet, which makes them...Read more
What are Bitcoin scams?
There are all kinds of Bitcoin scams, but the end result is usually the same. Hackers and cybercriminals use tricks in order to get you to send Bit...Read more
Is bitcoin a scam?
Bitcoin scams have inevitably emerged. Phishing and other scams involving Bitcoin have come to light as more people have begun using cryptocurrency. As cryptocurrencies such as Bitcoin or Doge grow in popularity along with legitimate websites like Binance or Coinbase, so too will the number of scams associated with them.
Is cryptocurrency mining fraud on the rise?
With the growth of crypto comes a new wave of online fraud, from fake bitcoin to Uniswap scams. Educate yourself on cryptocurrency scams. Do you like it? Cryptocurrency fraud is on the rise. To make you aware, we expose in this article more top crypto mining scams.
Is cryptocurrency a scam?
Where money is concerned, scams always follow. And the same is true with cryptocurrency. In February 2022, cryptocurrency exchange platform Wormhole lost $320 million after a cyber attack. In addition to this attack, cryptocurrency scammers have stolen more than $1 billion since 2021, according to a report by the Federal Trade Commission.
What happened to bitcoin phishing and cyberattacks?
Between October 2020 and May 2021 — around Bitcoin’s off-the-charts bull run — phishing, company impersonations, and other Bitcoin-connected cyberattacks and scams surged by almost 200%. Bitcoin’s price shot up by almost 400% to nearly $65,000 during that time.