Newsletter
SHIB Army NEWS
  • Home
  • SHIB Chart
  • SHIB Calculator
  • SHIB Twitter
  • SHIB Events
  • Donate
No Result
View All Result
  • Home
  • SHIB Chart
  • SHIB Calculator
  • SHIB Twitter
  • SHIB Events
  • Donate
No Result
View All Result
SHIB Army NEWS
No Result
View All Result
Home SHIB Reddit

Common Fraud and How To Prevent It from a Banker

/u/Ferity2 by /u/Ferity2
October 13, 2021
in SHIB Reddit
0
72
SHARES
1.2k
VIEWS
Share on FacebookShare on TwitterRedditEmail

Since the dawn of time there have been people trying to scam you out of your money. No matter the form, be it fiat, crypto, or barttering cattle, bad people always find ways to seperate you from your hard earned money. I wanted to write this post in an attempt to help even one person not get scammed out of their crypto.

I am going to list a few common scams in the banking world, the cryptoverse, and relate them to give some tips on how to avoid being scammed in the future. Hopefully this helps!

Phishing – “the fraudulent practice of sending emails purporting to be from reputable companies in order to induce individuals to reveal personal information, such as passwords and credit card numbers.”

Phishing is definitely the most common scam going around in banking AND crypto. As the definition states, these people will try to contact you as a member of a trusted institution in order to get your private information. In banking, they will attempt to get your account numbers, card numbers, or online banking information through “verification” or linking your account to their system.

In crypto, this involves your seed phrases, passwords and pins for wallets and exchanges, or private addresses. People will try to “verify” your wallet by asking you to enter in your seed phrase, or see a post on r/cc and reach out from “support”

The best defense for phishing is to NEVER click any links you get from an unexpected message or email. The best practice is always to go through your trusted portals for these exchanges and banks and reach out via phone numbers and emails listed on their official sites.

Craigslist Scam/Mover Scam/Investment Scam

This scam varies a little, so there isn’t an official name, at least that I can think of right now. The whole purpose of this scam is to have you send money to them after they have sent you money as an accidental overpayment. In banking, this looks like someone buying something from you off of Craigslist for more than you are asking, and wanted to send you some of the money back. Usually, the money they send you is fake, or written from a bad check, so after you send them the money, the check bounced back out of your account or gets charged back.

In crypto, this looks like a giveaway, where if you contribute x amount of y token, you will be given double back. Or if someone is messaging you about an investment strategy that 4x your money in a week. These are always scams.

The best way to prevent this is to remember that, if it sounds to good to be true, it is. No one will reach out to you and offer to help out of the kindness of their heart. Yes, we do have SOME good apples, but 9 times out of 10, the good apples mind their own business.

This is a little longer than I anticipated so I’m going to go ahead and post this. If people are interested, I’ll make another post with some more common scams and share my experience with them.

tldr: notice red flags, don’t trust any links, if it’s too good to be true, it is.

submitted by /u/Ferity2
[link] [comments]

Related articles

SHIBARIUM: “If this becomes big, it’s going to be big for Shib holders” — CryptosRUs

SHIBARIUM: “If this becomes big, it’s going to be big for Shib holders” — CryptosRUs

March 26, 2023
When #zkSync and #ShibaEcosystem go live. #Shibarium #ShibArmyStrong #SHIB Art by Newlove

When #zkSync and #ShibaEcosystem go live. #Shibarium #ShibArmyStrong #SHIB Art by Newlove

March 26, 2023
Share29Tweet18ShareSend
Previous Post

Bank Of England Seeks To Strengthen Cryptocurrency Regulations

Next Post

Respect this opinion

Related Posts

SHIBARIUM: “If this becomes big, it’s going to be big for Shib holders” — CryptosRUs

SHIBARIUM: “If this becomes big, it’s going to be big for Shib holders” — CryptosRUs

by /u/Ferity2
March 26, 2023
0

submitted by /u/FSA2014

When #zkSync and #ShibaEcosystem go live. #Shibarium #ShibArmyStrong #SHIB Art by Newlove

When #zkSync and #ShibaEcosystem go live. #Shibarium #ShibArmyStrong #SHIB Art by Newlove

by /u/Ferity2
March 26, 2023
0

submitted by /u/MountainCloud-

Who else is waiting for Bone 🍖 to go under $1?

by /u/Ferity2
March 26, 2023
0

Because I’m backing up the dump truck to stack up if it happens submitted by /u/Fig_Money

When #zkSync and #ShibaEcosystem go live. #Shibarium #ShibArmyStrong #SHIB Art by Newlove

When #zkSync and #ShibaEcosystem go live. #Shibarium #ShibArmyStrong #SHIB Art by Newlove

by /u/Ferity2
March 26, 2023
0

submitted by /u/MountainCloud-

Can someone please explain how we increased to 589 something trillion and what is does to us

by /u/Ferity2
March 25, 2023
0

submitted by /u/holdenon1597

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

shiba-inu Shiba Inu
$0.000011
$0.000011
EUR: €0.000010
GBP: £0.00000900
7D Chart-0.76%
Categories
  • SHIB
  • SHIB Reddit
Tags
Featured kickex Shiba whitebit

© SHIB Army News

No Result
View All Result
  • Home
  • SHIB Chart
  • SHIB Calculator
  • SHIB Twitter
  • SHIB Events
  • Donate

© 2021 SHIBArmy.news

  • bitcoinBitcoin(BTC)$27,765.00
    BITCOIN
    24H : 0.180%
    Volume : $14,979,287,324.00
    Marketcap : $537,495,447,715.00
  • ethereumEthereum(ETH)$1,765.37
    ETHEREUM
    24H : 0.360%
    Volume : $8,012,217,665.00
    Marketcap : $212,805,532,526.00
  • tetherTether(USDT)$1.01
    TETHER
    24H : 0.520%
    Volume : $24,274,608,306.00
    Marketcap : $79,775,937,798.00
  • binancecoinBNB(BNB)$325.30
    BNB
    24H : 0.050%
    Volume : $540,133,101.00
    Marketcap : $51,416,737,438.00
  • cardanoCardano(ADA)$0.355
    CARDANO
    24H : -2.27%
    Volume : $268,998,076.00
    Marketcap : $12,416,079,419.00
  • dogecoinDogecoin(DOGE)$0.075
    DOGECOIN
    24H : -1.07%
    Volume : $435,885,264.00
    Marketcap : $10,370,395,023.00
  • shiba-inuShiba Inu(SHIB)$0.000011
    SHIBA INU
    24H : -0.76%
    Volume : $172,419,535.00
    Marketcap : $6,268,703,257.00