This presentation by the Internet 2.0 Conference reviews several tactics which may be used by scammers to defraud people in the Web 3.0 world. The presentation also reviews proven tips to avoid spam and fraud in real time.

1. Web3 Scams You Didn’t Know
About!
Internet 2.0 Conference Reviews Fraudsters’
Tactics

2. Table Of Contents
● Is Web3 A Wilderness Of
Fraudsters?
● Types Of Web3 Spam
● Top Tips To Avoid Web3
Scam: Internet 2.0
Conference Reviews The
Best Way Out!

3. Is Web3 A Wilderness Of
Fraudsters?

4. ● Even though only some people are familiar with Web3, everyone talks about it. The buzz
surrounding the subsequent development of the Internet is sweeping the globe as more Web3
applications are being adopted.
→ How secure is Web3 actually, then?
● Web3's foundation is founded on security and openness, but that does not imply it is
impervious to scam, highlighted the speakers who will attend Internet 2.0 Conference in
December.
● Unregulated technology allows con artists to use strategies that will illegally take money from
users. That value in the blockchain is frequently tokens from a hot wallet. As a result, as Web3
applications gain popularity, blockchain-related scams from digital wallets are becoming
increasingly widespread.
● Due to the massive sums of money being stored and transferred into cryptocurrency wallets,
fraudsters create phishing websites and fake transactions that can cost customers hundreds of
dollars up to millions, reviews the Internet 2.0 Conference.

5. Types Of Web3 Spam

6. What is the best thing about attending a technology conference like the
Internet 2.0 Conference? Well, it reviews not only the types of scams,
spam, and fraud occurring with the advent of Web 3.0 but also helps the
attendees find a way out of it.
In the upcoming slides, you can find out about the three most prevalent Web
3.0 spam as talked about at the global platform of Internet 2.0 Conference’s
Spring Edition:

7. The Pancake Swap Scam:
● As Internet 2.0 Conference reviews, a native to the BNB Chain, Pancake Swap is a
decentralized exchange. In other words, it resembles several well-known platforms
in that users can exchange their coins for others without the use of intermediary
services.
● The sole distinction is that PancakeSwap is concentrated on BEP20 tokens, a
particular token standard created by Binance. Most of the time, social media or
YouTube are used to tell unaware users that they may buy and trade liquidity gaps
on Pancake Swap.
● An asset can be acquired or sold fast and readily without impacting its price when
there are liquidity gaps. As highlighted at the networking session of the Internet 2.0
Conference, the scammer gives a link so that the user can install the contract
without having to be an expert or have much knowledge of smart contracts.

8. Flip-Coin Scam
● The old-fashioned fraud of flipping cash gave rise to the modern con of flip coin,
say speakers who will attend the Winter Edition of Internet 2.0 Conference.
● Unwitting victims give some money and are told to wait until the money doubles.
● After waiting for the doubled coin, the victim quickly knows they have just lost
their money.

9. Pump & Dump Scam
● Cryptocurrency is unregulated; many profits from it, and many still see it as a
frontier endeavor. A decentralized funding mechanism like Web3 still needs to be
more interested in or underfunded by most governments, reviews the Internet 2.0
Conference panel.
● Influencers and insider traders purchase a new digital currency on the Blockchain
at a discount. The insider starts to sell the new coin at a high price while the
unwary public purchases it. This causes a spike, which causes the coin to "tank" or
lose value in a way that is unknown to the outsiders.
● By selling their coin at its height, the insider makes a considerable profit and gains
more money than the unwary buyer.

10. Top Tips To Avoid Web3 Scam:
Internet 2.0 Conference Reviews The
Best Way Out!

11. Web3 is rife with inventive ways to con consumers and steal
their private keys and seed phrases to access their money and
personal data.
There are only a few things you must do to protect yourself from
the scam, as will be brought out in one of the agendas of Internet
2.0 Conference:

12. ● Always double-check the sender and recipient's addresses because con artists
often alter them, so the assets go to their addresses instead.
● Never click on any suspicious or unfamiliar links, buttons, or advertisements.
● Never divulge your data, private key, or seed phrase to avoid scam, reviews
the Internet 2.0 Conference.
● Always pay special attention to website URLs, email addresses, and redirects.
● Never give money to a business or individual you don't know.
● Always use two-factor authentication and strong passwords on all of your
accounts.
● Before putting money into a project, thoroughly investigate it.

13. Thank You!
This Presentation Is Prepared By
Megha Sisodia
Manager, Internet 2.0 Conference