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We believe we have a responsibility towards users, token holders and enthusiasts in helping them enter the cryptocurrency space safely, regardless of platform preference, background and their knowledge in the subject matter. In the unlikely scenario that you’ve been part of the ecosystem for a while but you’ve never encountered any scams, you might also find this guide interesting.
We’ve chosen to use the term “scam” in a broad sense since some scams operate purely to steal just your data and to sell it to the highest bidder. In these instances, it still counts as a scam - since they’ve taken something of value from you without your permission. The data you’re giving away even has value, both to you and monetary, and even if you think you don't produce a significant amount to be profitable, data is farmed and constitutes an industry on its own, one that you have not agreed on participating from. See our post on Data breaches: how they affect people and what can we do to fight them.
Commonly Targeted Platforms
Most scams have some degree of connection to Twitter. There are a few reasons for this although they go outside the scope of this guide so let’s get into what to look out for:
- Profile and project copycats that are aimed to appear like a specific real person/project, just the handle is not identical.
- Individuals commenting, in combination to the above, which claim to have been given “free tokens” or participated in an airdrop.
These scams will likely continue as long as the term “airdrop” is searched or people look for free tokens. The group of individuals creating these scams don’t need to target a specific project, they target as many as possible because it’s irrelevant to them which project their potential victims ...
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