This document discusses cryptocurrency scams and how to protect yourself. It begins with an overview of cryptocurrency and why scams are on the rise due to increased prices, regulations, and anonymity. It then outlines common scam types like business/investment scams, job scams, phishing scams, and celebrity impersonation scams. Finally, it provides tips to protect yourself such as being wary of links and emails, using trusted exchanges, doing research, changing passwords frequently, and taking online advice cautiously.

1. Cryptocurrency
scams:
How DO YOU PROTECT
YOURSELF?

2. table of contents
ABOUT Crypto
What is cryptocurrency?
Crypto Scams
A quick review of why cryptocurrency fraud
and scams are on the rise.
Types
Kinds of cryptocurrency scams.
Protecting Yourself
Learn how you can keep yourself and your
financial assets safe while purchasing
crypto.
01
02
03
04

3. WHAt Is
Cryptocurrency?
● A type of digital, electronic, or virtual currency,
cryptocurrencies can be used to purchase goods and
services online.
● It is secured by advanced encryption techniques and
employs blockchain technology to maintain a ledger of
transactions across a decentralized, distributed network.
● Transactions are not controlled by central parties,
governments, or individuals.

4. Why Are Scams On The
Rise?
Do you know that crypto scams and fraud have risen by
1000% since October 2020?
As per our review of the arena, it is mostly because:
● Bitcoin, dogecoin and ethereum prices have soared like
never before.
● Lesser regulations and rising interest in cashless
transactions.
● The nature of cryptocurrency guarantees anonymity to
buyers and sellers. This has attracted the attention of
fraudulent individuals out to make a quick buck.

5. TYPES OF CRYPTOCURRENCY
SCAMS

6. 1. bUSINESS/INVESTMENT
scams
In such types of scams, companies or individuals
come up with shady schemes and spam you with
messages to invest in them. They ask you to pay in
crypto for better discounts and offers. However, these
turn out to be fake promises, since they take off as
soon as they get your payment.

7. 2. JOB SCAMS
Scammers and fraudsters seek out job seekers and
offer them a lucrative salary to help them mine or
convert cash to bitcoins. After spamming you with
messages, they go underground once they get you to
pay a fee. They also often make big claims and assure
you that you will be paid in bitcoins once the business
takes off.

8. 3. Phishing Scams
In the world of cryptocurrency, phishing scams usually
involve targeting the private keys of crypto wallets
which give one access to personal crypto funds. To
gain access to these funds, fraudsters send spam
emails with malicious links to crypto holders. Once
the user clicks on them, they may be asked to enter
their private information. The scammers then use the
data to siphon away funds.

9. 4. CELEBRITY
Impersonation Scams
Did you know that hundreds of cryptocurrency scammers
have made a fortune by pretending to be Elon Musk? That’s
right! Don’t take all celebrity tweets and posts on social
media platforms at face value because there have been
instances where accounts of VIPs have been hacked to
lure people to deceptive, spammy crypto websites!

10. Protecting oneself From
Crypto Fraud
As highlighted at several global finance events, DeFi (Decentralized Finance) scams are on the rise.
To keep oneself safe, one must practice cyber hygiene and review the cybersecurity measures they
have been taking. Here are some additional tips to keep yourself safe while trading in crypto:
● Be wary of suspicious links and spam emails. Don’t click on them!
● Join trustworthy crypto communities and learn which exchanges are safe for trading. Do ask
for reviews and recommendations from people you trust.
● To begin investing, always bank upon exchanges that require offer multiple user
authentication gateways.
● While there are countless cryptocurrencies to choose from, always do your homework before
you decide to invest in a digital currency that’s been launched recently.
● Change your wallet’s password every 2-3 months to keep fake/fraud transactions at bay.
● Take online advice and tips with a pinch of salt!

11. CREDITS: This presentation template was created by
Slidesgo, including icons by Flaticon and
infographics & images by Freepik
Thank YOU!
This presentation was prepared
by:
Nitika Sharma
Manager, Money 2.0 Conference
https://www.money2conf.com/