{"id":2648,"date":"2022-06-07T13:55:37","date_gmt":"2022-06-07T13:55:37","guid":{"rendered":"https:\/\/www.velocitycommunity.org\/wph\/workarea\/?p=2648"},"modified":"2022-06-07T15:59:10","modified_gmt":"2022-06-07T15:59:10","slug":"5-crypto-scams-causing-large-money-loss-in-2022","status":"publish","type":"post","link":"https:\/\/www.velocitycommunity.org\/wph\/workarea\/5-crypto-scams-causing-large-money-loss-in-2022\/","title":{"rendered":"5 Crypto Scams Causing Large Money Loss In 2022"},"content":{"rendered":"\n<p>Crime in the cryptocurrency arena has increased from 2021 to now. Crypto scams have accounted for over a billion-dollars in losses to more than 46,000 people. Victims are being caught by these scammers through fake ads, posts, or messages on different social media platforms. Knowledge about these scams will help you better protect yourself. Here are 5 crypto scams that have been a major problem in 2022. \u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Pump and Dump Scams<\/h3>\n\n\n\n<p>Without the regulations used in the stocks traded on major U.S. exchanges, the \u2018Pump and Dump\u201d scheme is being used as one of the crypto scams. For this scam, a group owns a specific asset, such as digital currency, that they promote as a great investment. Then, unsuspecting investors begin to buy up the cryptocurrency. The group of scammers then sell off their shares at high prices and the other unknowing investors will be hit by heavy losses. When looking to invest, make sure to do your research and don\u2019t go by a promotion. &nbsp;&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ICO Scams<\/h3>\n\n\n\n<p>Investors are looking to get involved with the next big thing. ICO, initial coin offerings, is a way for business projects to acquire funding before hitting it big. The investors are promised returns at a later stage in the business plan. With the ICO scams, the investors send money to the scammers for their business, but it is fake, and their money is lost. &nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Romance Scams<\/h3>\n\n\n\n<p>Scammers are going straight to the heart with this crypto scam. Fraudsters are setting up fake dating accounts to lure victims and gain their trust through a fake love connection. They build trust through continued communication over online messaging. Once the trust has been solidified, the scammer brings up how to get huge gains through cryptocurrency markets. The mark is convinced to follow the scammer\u2019s investment advice. The victim\u2019s money is lost because the scammer uses phony crypto sites to steal from their victim. When the money dries up, the scammer moves on to their next target.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Airdrop Crypto Scams<\/h3>\n\n\n\n<p>This scam is when tokens are dropped into your digital wallet as a reward for taking a specific action with a platform. When you choose to exchange the airdropped token, you give the hacker access to your digital wallet. The scammer then goes into your wallet and steals your information.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Crypto Giveaway Scams<\/h3>\n\n\n\n<p>Another crypto scam causing billions of dollars to be lost is crypto giveaway fraud. In the scam, the fraudster convinces the investor that a major cryptocurrency exchange or celebrity is holding a giveaway. To be a part of this giveaway, you need to send over a specific amount of your own cryptocurrency to verify your digital wallet. The problem is the victim never gets their share of the giveaway. Once a cryptocurrency transaction is made it is irreversible, so the scammer gets away with the victim\u2019s money.<\/p>\n\n\n\n<p>Scammers have tapped into the cryptocurrency craze and are looking for a payout. When trying to decide if something is a scam remember that only scammers will \u201cguarantee\u201d a big payout, don\u2019t invest based on your online dating platform, and do your research on a company when asked to send crypto. The more knowledge you have about <a href=\"https:\/\/www.velocitycommunity.org\/live-learn\/stay-secure\/\">scams<\/a>, the better you will be able to protect your investments. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/consumer.ftc.gov\/consumer-alerts\/2022\/06\/spotting-ftcs-most-reported-crypto-scams?utm_source=govdelivery\">FTC<\/a>, <a href=\"https:\/\/money.usnews.com\/investing\/cryptocurrency\/articles\/top-crypto-scams-to-watch\">US News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crime in the cryptocurrency arena has increased from 2021 to now. Crypto scams have accounted for over a billion-dollars in losses to more than 46,000 people. Victims are being caught by these scammers through fake ads, posts, or messages on different social media platforms. Knowledge about these scams will help you better protect yourself. Here [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-2648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-security"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Crypto Scams Causing Large Money Loss In 2022 - Velocity Community Credit Union<\/title>\n<meta name=\"description\" content=\"From 2021 to now, crypto scams have caused more than 46,000 people to lose over a billion dollars. Learn more about how to protect yourself!\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Crypto Scams Causing Large Money Loss In 2022 - Velocity Community Credit Union\" \/>\n<meta property=\"og:description\" content=\"From 2021 to now, crypto scams have caused more than 46,000 people to lose over a billion dollars. Learn more about how to protect yourself!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.velocitycommunity.org\/wph\/workarea\/5-crypto-scams-causing-large-money-loss-in-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Velocity Community Credit Union\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/VCFCU\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-07T13:55:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-07T15:59:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.velocitycommunity.org\/wph\/workarea\/wp-content\/uploads\/2022\/06\/Crypto-scams.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"473\" \/>\n\t<meta property=\"og:image:height\" content=\"265\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Emily Plowman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VelocityCCU\" \/>\n<meta name=\"twitter:site\" content=\"@VelocityCCU\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emily Plowman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.velocitycommunity.org\/wph\/workarea\/5-crypto-scams-causing-large-money-loss-in-2022\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.velocitycommunity.org\/wph\/workarea\/5-crypto-scams-causing-large-money-loss-in-2022\/\"},\"author\":{\"name\":\"Emily Plowman\",\"@id\":\"https:\/\/www.velocitycommunity.org\/wph\/workarea\/#\/schema\/person\/bc495b49607b634968649602bcef96c2\"},\"headline\":\"5 Crypto Scams Causing Large Money Loss In 2022\",\"datePublished\":\"2022-06-07T13:55:37+00:00\",\"dateModified\":\"2022-06-07T15:59:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.velocitycommunity.org\/wph\/workarea\/5-crypto-scams-causing-large-money-loss-in-2022\/\"},\"wordCount\":566,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.velocitycommunity.org\/wph\/workarea\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.velocitycommunity.org\/wph\/workarea\/5-crypto-scams-causing-large-money-loss-in-2022\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.velocitycommunity.org\/wph\/workarea\/wp-content\/uploads\/2022\/06\/Crypto-scams.jpg\",\"articleSection\":[\"Security\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.velocitycommunity.org\/wph\/workarea\/5-crypto-scams-causing-large-money-loss-in-2022\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.velocitycommunity.org\/wph\/workarea\/5-crypto-scams-causing-large-money-loss-in-2022\/\",\"url\":\"https:\/\/www.velocitycommunity.org\/wph\/workarea\/5-crypto-scams-causing-large-money-loss-in-2022\/\",\"name\":\"5 Crypto Scams Causing Large Money Loss In 2022 - Velocity Community Credit Union\",\"isPartOf\":{\"@id\":\"https:\/\/www.velocitycommunity.org\/wph\/workarea\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.velocitycommunity.org\/wph\/workarea\/5-crypto-scams-causing-large-money-loss-in-2022\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.velocitycommunity.org\/wph\/workarea\/5-crypto-scams-causing-large-money-loss-in-2022\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.velocitycommunity.org\/wph\/workarea\/wp-content\/uploads\/2022\/06\/Crypto-scams.jpg\",\"datePublished\":\"2022-06-07T13:55:37+00:00\",\"dateModified\":\"2022-06-07T15:59:10+00:00\",\"description\":\"From 2021 to now, crypto scams have caused more than 46,000 people to lose over a billion dollars. 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