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Crypto scams: How to spot, avoid and protect your money while investing in cryptocurrencies
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Notwithstanding regulatory uncertainties, the crypto craze is increasing rapidly in the country. As crypto-assets continue to gain the attention of investors all around the world, they have also become a target for scammers who are looking to make some easy profits by exploiting individuals who would do anything to get rich quickly.
Research by cyber exposure company Tenable has found that scammers are leveraging compromised YouTube accounts to promote fake cryptocurrency giveaways for Bitcoin, Ethereum, Dogecoin, Cardano, Ripple, Shiba Inu and other cryptocurrencies. Tenable has calculated that, across a subset of YouTube Live scams encountered in October 2021 alone, scammers stole at least $8.9 million US dollars.
“The Bitcoin scams I
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