Don’t let them scam you with cryptocurrencies and learn from the failed experiences of other users.
When the economic context is not the best and people must look for alternative income to their core jobs to make ends meet, investments are usually an easy option, as it is a passive income that does not involve physical effort or overtime at work. However, they must be done with extensive knowledge and consulted with the right people.
A teacher at a school in La Plata experienced first-hand the consequences of trusting a woman who called herself an “expert” in cryptocurrenciesand suffered a scam where he lost control of his virtual wallet and more a million pesos. This is how these criminals operate and what precautions must be taken before investing our money.
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The scam in La Plata with cryptocurrencies
In an attempt to improve her economic situation, the victim contacted “Manuela”, who proposed making a video call to explain her work methodology. where he promised significant profits in a short time through the purchase and sale of cryptocurrencies. Convinced, the victim shared the data from her wallets and followed the instructions of the supposed specialist. He assured him that, to start seeing profits, he had to first pay a “network insurance” equivalent to one ethereum (ETH)and had to take out a loan of $3,000,000 and, in addition, another of $600,000 contributed by his brother.
In the following days, transactions in your accounts increased quickly. Among the movements carried out, a transfer of $2,716,718 was made, a new loan for $600,000 and three more credits that totaled $1,600,000. Finally, “Manuela” disappeared without a tracetaking all the money.
Desperate for what happened, the teacher turned to an acquaintancewho offered to help her claiming to be an experienced user of the crypto system. This man assured him that he could put an end to the scam, but asked him to contribute more money. Hoping to recover what was lost, the victim requested new loans from local financial institutions, raised 2,000 dollars and deposited them in their accounts. However, These funds were also stolen.
Precautions before investing in cryptocurrencies
- Protect your wallet: To invest in cryptocurrencies, you need a wallet with private keys. If a company asks you to share those keys to access an investment opportunity, it is most likely a scam. Never share your private keys with anyone.
- Control your wallet app: The first time you transfer money, send a small sum to confirm that the app is legitimate. If you update the app and notice something suspicious, cancel the update and uninstall the app immediately.
- I invested only in what you understand: If you are not sure how a cryptocurrency or a particular project works, it is best to take a moment to research before making an investment decision.
- Don’t worry: Scammers often pressure you to act quickly, promising bonuses or discounts if you participate immediately. Take your time, analyze the proposal and do your own research before investing.
- Be careful with ads on social networks: Many cryptocurrency scams are advertised on social media using unauthorized images of celebrities or well-known businesspeople to appear legitimate. They may also promise free gifts or money. Handle yourself with healthy skepticism and always do your own research.
- Be wary of unexpected contacts: If someone contacts you out of the blue offering you a cryptocurrency investment, it’s probably a scam. Do not share personal information or transfer money to strangers.
- Download apps only from official sources: Although fake apps may appear on Google Play or the App Store, it is safer to download them from those official platforms than from other places.
- Do your research before investing: The most well-known cryptocurrencies are not usually a scam, but if you don’t know one in particular, do your research. Read the white paper, find out who is behind the project, how it works and look for reliable opinions. Check updated lists of fake cryptocurrencies to avoid fraud.
- Be wary of offers that seem too good: If you are promised guaranteed profits or huge returns in a short time, it is almost certainly a scam. When faced with proposals that seem too good to be true, act with great caution.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
