The cryptocurrency market has been at its peak for several years. Tens of thousands of traders from all over the world daily mine, trade tokens, make predictions and closely monitor the growth of the cryptocurrency rate on exchanges in order to increase their income. At the same time, the number of cases of fraud in this area has increased, since the legal receipt of profit from working in the cryptocurrency market is not recorded anywhere, therefore, it is almost impossible to prove your rights and protect your interests. This situation is actively used by cybercriminals, whose fraudulent schemes “fall” both experienced traders and beginners in this business. We have prepared for you the most popular methods used by scammers when exchanging cryptocurrencies and ethereum to bitcoin as well.
Inaccurate data
This scheme is considered the most popular for p2p exchanges. You have agreed with another trader to transfer any cryptocurrency to your account. You receive payment first with a specific amount. The payment may contain the code 2, 0003. You, without suspecting anything bad, agree to transfer from your account. But it turns out that scammers are “playing” with periods and commas. Instead of two point three thousandths, you send a transfer in two thousand. Thus, you overpay the amount tenfold.
Non-existent exchangers
Fraudsters often create fake exchangers. To do this, they develop a specific script and web pages. At first glance, it seems that this exchange does not raise any doubts. Having received the cryptocurrency, the scammers delete the site and continue to work in the same way.
Phishing
This is a very common and sophisticated exchange scheme. Scammers register fake exchangers for a domain that is very similar to one of the most popular and massive real exchangers. Thus, inexperienced users can quickly get hooked on them.
Changes to the address of the exchanger
This is a popular scheme used on forums and social media. Attackers hack the addresses of managers of real exchangers, create their own accounts and communicate with users on their behalf. It is very difficult to notice the substitution, since the scammers conduct correspondence in the same style as the representative of the existing service. Their main task is to “lure” the cryptocurrency and “throw” the client.
Sending dirty money
The scheme works like this:
- at first, you can easily exchange bitcoins.
- that’s when the money is transferred from the electronic payment system to the card, a failure occurs. As a result, payment will be suspended through ongoing transactions and your account will most likely be blocked in this situation.
Copying an account
Attackers can find out which traders you most often carry out transactions with. Further, the scheme works in this way – they create a copy of the account with your name, contacts, profile photo. To do this, the scammers change characters, for example, the English “a” to the Russian “a”. Users do not notice the spoofing and can make payments to a non-existent account.
Scheme “Triangle”
A fraudster can deceive and cheat both the exchanger and the user at once. The situation is like this:
· he is presented to the exchanger as a client;
· the user is told that he is a representative of the exchange service.
The fraudster asks for payment information from the user, and the exchanger asks for the payment details, ostensibly for the purpose of transferring any cryptocurrency to fiat money. When a user makes a transfer to a fraudulent account of a fraudster, accordingly, the exchanger does not receive payment. We recommend that you contact the exchangers directly and request the necessary data and details.
