What are the most common cryptocurrency crimes?

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Cybercriminals are currently targeting cryptocurrency and financial funds in a big way. In 2021 alone, revenue from scams increased by 82% compared to 2020, with most of that coming from tap pulls.

Developers create projects that are similar to slovenia mobile database cryptocurrencies, i.e. they set up wallets and receive investments, but disappear when the exchange stops users' ability to withdraw funds.

This is what happened in 2021 with the fraudulent exchange known as Thodex, which victimized many people around the world. As usual, the CEO disappeared. But there are many scams being practiced on the web that deserve your attention.

Promise of quick gains

Always be wary of offers of high earnings in a short period of time. You need to look at the average earnings to avoid being fooled by fake websites. Always be suspicious.

Offer on social media

Many scammers operate online offering cryptocurrencies with attractive returns. The same happens in emails or websites.

Financial pyramids

This is a very common scam involving cryptocurrencies. Victims are lured by pyramid schemes and have to invite other people to participate, but in the end, the schemes are fake.

Generally, users pay a certain amount to achieve faster mining speeds and fall for the promise that they will receive their investment back when a new participant joins the pyramid scheme. This is a complete mistake, as cryptocurrencies are not mined.

Innovative cryptoassets

Cybercriminals offer digital currencies that have not even been launched on the market yet, meaning victims buy crypto assets that do not exist and never will.

Fake brokers

Known as exchanges, crypto brokerages facilitate the purchase, sale and exchange of cryptocurrencies. Taking advantage of this market, hackers create fake brokerages, receiving investments directly into their accounts.