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Changpeng Zhao shares an article that teaches safe cryptocurrency storage

1:25 pm, November 28, 2022

Чанпен Чжао" href="https://noworries.media/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao, the chairman of the largest cryptocurrency exchange Binance, shared an article by HashDit on his Twitter page about the most popular methods of cryptocurrency fraud and ways to safely store digital assets. «Creating a secure cryptocurrency environment didn’t stop Сем Бенкман-Фрід" href="https://noworries.media/biography/sem-benkman-frid/" data-bio-id="3697">Sam Bankman-Fried. So learn how to protect your money," CZ tweeted.

HashDit experts have identified 6 most popular types of crypto scams, including

  • phishing Link Scams;
  • ice-Phishing;
  • eventSpoofing & NFT Sleep Minting;
  • ponzi Scams;
  • cHI Gas token farming (CHI Gas token farming);
  • passive income / fake crypto events (MEV Scams / Scam Events).

One of the most common methods of fraud is phishing — hackers just need to create a malicious website and send links to it en masse. Usually, fraudsters distribute links on social networks where crypto community members communicate most often: Discord, Twitter, and Telegram. Phishing sites usually look identical to real ones but have different URLs. Fraudsters take advantage of the emotional instability of people who are always looking for more tokens and free cryptocurrency giveaways.

Thus, in late October, hackers managed to hack into the Gate. io exchange’s Twitter account, where they posted phishing links to the supposedly official Gate. io website. The first 1,000 users to follow the link and connect their cryptocurrency wallet were promised $ 500,000 in USDT.

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