Ponzi scheme
Among the most common types of cryptocurrency fraud today is the Ponzi scheme! which Pump and Dump aims to deceive investors. Fraudsters promise investors significant profits! with the payout coming from new investors rather than directly from their investments.
Fraudsters attract potential investors with promises of large profits
Fueled by a fairly high dividend payout from the investments of new preparing for the seo of the future: discover what’s new in 2023! victims of the scheme. This simulates profitability and encourages more people to invest in this project. In addition! new investors are offered to attract new participants (referrals) for an additional fee. As a result! the number of participants in the scheme grows rapidly. However! when there is Pump and Dump a problem of a lack of new investors to pay existing participants! the scheme begins to collapse! and people who joined it lose a significant part or all of their contributions.
Among the examples of such a scheme! one can mention the OneCoin project! founded by Ruzha Ignatova! who is still wanted by Interpol. Under the auspices of a new cryptocurrency and “space” profits! the scheme attracted 10 benefits of using email marketing millions of investors from all over the world. De facto! there was no cryptocurrency…
This phrase literally translates from English as “Pump and Dump.” The scheme involves artificially inflating the price of a cryptocurrency! and after a mass purchase of assets! their prices are rapidly sold. People who have invested their funds are actually left with nothing! because the price of their assets instantly drops. To implement this scheme! scammers usually use social networks! which help artificially increase the value of a cryptocurrency. In general! this applies to cryptocurrencies with a fairly low capitalization.
Social engineering
This type of fraudulent scheme is based on manipulations related to human malaysia numbers list psychology. This can happen by publishing fake messages on social networks or messengers that can cause stress in users. It is clear that most of these messages are false. For example! it can be a message about infection or hacking of your laptop. The goal of the scheme is to force the user to go to a dangerous site with malicious software.
