The year has just started and scammers are not taking a break or holiday from their malicious activities as they have swing into full action already.
The advent of AI has made a lot of things very simple and easy, even scamming someone.
AI can now be used to make a generic video of someone advertising something he normally wouldn't, let's say for example a video of Elon Musk telling you to buy a shitcoin.
That will sound too good to be true of a financial advise from Elon, but not everyone will think that way, especially the 90% newbies in the space.
These days you just wake up to see different tokens which you never farmed for lying there in your wallets and when you try to claim, they make you sign a smartcontract that would compromise your wallet safety and have your account wiped clean before your eyes.
There are several airdrops which are claiming to launch soon on BINANCE and scammers are capitalizing that as an opportunity to make a clone of those airdrops sites and have people connect their Binance accounts to these sites.
It is very uncommon for centralized exchanges to be involved in signing smartcontracts but you never know what could be, it is best to stay safe.
What these sites do is called phishing, they collect data from you to be used to scam you later in the future, for example, they collect your wallet public address and send you a fake token and when you try to withdraw and make you sign a smartcontract that will expose your wallet private key to them then they've got you bulls eye.
I have listed out some common practices that can help you stay safe as you go about hustling for free money.
Scam airdrop sites are very common and sophisticated, so you should always be careful and vigilant when you encounter them. Remember, if something sounds too good to be true, it probably is.
Check the URL of the website and make sure it matches the official one. Scammers often use broken or shortened URLs, or domains that look similar but have slight differences.
Look for spelling and grammar errors, frequent crashes, or poor design on the website. These are signs of low-quality or fake sites.
Verify the age of the domain and the social media accounts. Scammers usually create new domains and accounts for their scams, while legitimate projects have a longer history and reputation.
Do not share your private key or seed phrase with anyone. No legitimate airdrop will ever ask you for that. If you do, you will lose access to your wallet and all your funds.
Do not send any funds to claim an airdrop. Airdrops are supposed to be free, so if someone asks you to pay a fee or deposit some tokens, it is most likely a scam.
Do some research on the project and the team behind it. Look for reviews, ratings, testimonials, and feedback from other users. If the project is unknown or has negative reviews, it is probably not worth your time or risk.
Hope you learnt something today, I am ticktalker and I always post crypto/educative contents.
Making each day count in the world of crypto is crucial for success. Plan, research, and learn to stay ahead. Keep pushing, legends! ????
Until next time, stay SAFU.
Please whatever is written in the article above is for educative purposes only. I am not a financial advisor.
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