Stolz (@web3stolz) • Hey
18 y.o
Taking money out of the market. Thx God
Publications
- **Hello guys!**
I'm incredibly surprised that there are so many projects in the Lens ecosystem!
- **Hello guys!**
I'm incredibly surprised that there are so many projects in the Lens ecosystem!
I'm bullish on Lens!
- wake up to reality
- aesthetic video
- Guys, I’m new here! How can I achieve LVL2? Help me please
- #FireflyLuckyDrop
Check out my LuckyDrop 🧧💰✨ on Firefly mobile app or https://firefly.mask.social !
Claim on Lens: https://firefly.mask.social/profile/web3stolz?source=lens
- Hello, guys! Do u have any plans today?
- Hey guys! Do u have any plans for tomorrow?
- ***Exploring Crypto #1***
**Examples of known cryptocurrency scams and how to protect yourself from them**
Cryptocurrencies have brought new opportunities for financial transactions and investments, but also new threats. Scammers have quickly adapted to this technology, creating schemes that can fool even experienced users. In this post, we will look at a few known cases of cryptocurrency scams and give tips on how to protect yourself from such threats.
1\) **OneCoin**
**Scam Description:**
OneCoin was positioned as a “revolutionary” cryptocurrency, but in reality turned out to be a classic Ponzi scheme. The company promised huge profits and attracted millions of investors worldwide. In the end, the company's founders were arrested and investors lost billions of dollars.
**How to protect yourself:**
\- Avoid projects that promise guaranteed high profits.
\- Research the project and the development team. Public and trusted personalities behind the project is a good sign.
\- Check for independent audits and technical documentation.
2\) **BitConnect**
**Fraud description:**
BitConnect offered a cryptocurrency lending platform with the promise of high returns from trading using their proprietary algorithm. In early 2018, the project collapsed and thousands of investors lost their money.
**How to protect yourself:**
\- Beware of investment schemes with opaque income mechanisms.
\- Don't invest all your funds in one project; diversification reduces risks.
\- Make sure the platform is regulated and licensed.
3\) **Mt. Gox**
**Fraud description:**
Mt. Gox was one of the largest cryptocurrency exchanges until 2014 when it claimed to have lost 850,000 bitcoins due to a hack. It was later discovered that much of the funds had been stolen due to internal fraud.
**How to protect yourself:**
\- Store your main funds in cold wallets (offline) rather than on exchanges.
\- Use exchanges with high security and a good reputation.
\- Enable two-factor authentication (2FA) for all accounts.
4\) **PlusToken**
**Fraud Description:**
PlusToken was a fraudulent scheme promising high returns from investing in their cryptocurrency wallet. In 2019, the scheme collapsed and investors lost over $ 2 billion dollars.
**How to protect yourself:**
\- Be wary of projects that promise stable and high cryptocurrency income.
\- Do your own investigation and check the reviews and reputation of the project.
\- Watch out for warnings from regulators and independent experts.
\#crypto #lens
- debuted 4 hrs ago and we’re #1 on mint dot fun. thank you everyone for supporting. 🙏
- I don't have a problem, you have a problem.
- GN, guys. Do u have any plans for tomorrow?
- Hey, guys!
This is my first post and wanted to say that I'm very bullish on SocialFI since the early days of getting into crypto.
Hopefully I can share my helpful thoughts here!🙂