Promises of quick and easy earnings in a cryptocurrency project may indicate a fraudulent scheme, Yevgenia Burova, PR director of the Garantex cryptocurrency exchange, told bitcoinlinux. The expert explained what to look for in order not to become deceived.
So, according to her, you should not trust a service that “requires you to replenish your crypto wallet now and promises some benefits later.”
In addition, if it is not clear on the website or Telegram channel of the service who represents the organization, how many real users it has, how the service is organized, it can also mean that the project is fraudulent.
“The cryptocurrency industry is a new, somewhat unregulated market. Accordingly, not all tools that protect the well-being of ordinary users are already available in Russia or anywhere else in the world,” said Burova.
At the same time, the expert noted that cryptocurrencies are very popular. However, the current situation – lack of regulation, trendiness – create conditions for the prosperity of fraudulent schemes, pyramid schemes, she added.
Burova drew attention to the fact that in March 2022, many services appeared offering Russians assistance in paying for services abroad after international systems refused to accept Russian bank cards. Some of them were created by scammers, the expert added.
“However, it is necessary to distinguish between types of fraudulent projects: some offer an easy way to get super profits, while others offer mediation in the transfer of money, but do not fulfill the promise,” Burova specified.
The expert noted that in cases where a user is looking for a way to anonymously transfer money abroad using cryptocurrency, he is very likely to become a victim of intruders.
In addition, she said that on average one or two large cryptopyramids appear per year.
“The damage from the activities of one large pyramid, according to law enforcement agencies, which we see from publicly voiced criminal cases, can be 5-10 billion rubles. On average, one or two new large pyramids appear per year, ”concluded Burova.
Earlier that day, it became known that, as reported by the crypto asset security service SCHARD, attackers began to involve Russians who had moved abroad in fraudulent projects with digital currencies. In Telegram channels and groups, users are offered to exchange money, as well as earn extra money. So relocants become easy prey for scammers and crypto-pyramids: you can’t count on the promised jackpot or at least a return on invested funds, explained SCHARD.
