• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Scammers Deceive Fred and Steal Over $100,000

user avatar

by Giorgi Kostiuk

a year ago


  1. Deceived in Moments
  2. Regrets and Blame
  3. How to Safeguard Against Scammers?

  4. Crypto investors must exercise extreme caution in their transactions, as evidenced by a recent incident involving Fred, a man in his 60s from Connecticut. Fred attempted to access his Coinbase account but encountered issues, prompting him to seek assistance.

    Deceived in Moments

    Fred fell into a scam when he sought the contact for Coinbase support through Google. He called a number he believed to be legitimate and spoke with an individual with a pronounced Indian accent who posed as a Coinbase representative. Within minutes, over $100,000 in Bitcoin, Ethereum, and cash was siphoned from Fred's Coinbase account. The scammer tricked Fred into revealing his Coinbase password and online banking details. The deception was uncovered when Wells Fargo alerted Fred to suspicious activity, causing him to terminate the call.

    Regrets and Blame

    In the aftermath, Fred was left grappling with regret and anger. He confessed that his lack of crypto knowledge led him into the trap, feeling like a 'sacrificial lamb.' Fred directed his frustration not only at himself but also at Coinbase for the rapid withdrawal of funds and at Google for enabling scammers to operate via their ad platform.

    How to Safeguard Against Scammers?

    Fred’s ordeal underscores the need for heightened vigilance among crypto users. To avoid falling victim to scams, it is crucial to verify contact information directly from official websites, refrain from sharing personal information in dubious scenarios, and exercise caution during crypto transactions. Awareness and careful scrutiny can prevent substantial losses stemming from fleeting lapses in attention.

    Regularly monitor account activity and set up alerts for suspicious transactions.Fred

    Fred’s experience is a stark reminder of the pervasive and perilous nature of online scams. It highlights the importance of staying informed and vigilant, not just within the crypto sphere but across all online activities, to safeguard against fraudulent schemes.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Neslab and Lighter Join Forces to Transform Crypto Trading

chest

Neslab has partnered with decentralized exchange Lighter to offer traders a 20 bonus points incentive, aiming to simplify the trading process on DEX platforms.

user avatarTenzin Dorje

Coalition for Prediction Markets Faces Significant Challenges

chest

The Coalition for Prediction Markets faces significant challenges, including regulatory uncertainty and the need for public education on how these markets operate.

user avatarMohamed Farouk

Coalition for Prediction Markets Promises Transformative Benefits

chest

The newly formed Coalition for Prediction Markets aims to unlock transformative benefits by increasing liquidity and improving pricing accuracy, creating a more interconnected user base and enhancing engagement with regulators.

user avatarBayarjavkhlan Ganbaatar

LBank Launches New Wealth Management Product for VIP Users

chest

LBank launches Futures Earn, a new wealth management product for VIP users, offering up to 25 APR and flexible trading options.

user avatarMaria Fernandez

Solana Targets 25% Onchain Market Share by 2035

chest

At the Solana Breakpoint Conference in Abu Dhabi, cofounder Raj Gokal emphasized the platform's ambition to capture a 25% onchain market share over the next decade.

user avatarElias Mukuru

Ni28 Introduces OZNi Token for Nickel-Backed Digital Assets.

chest

Ni28 has officially launched the OZNi Token, a blockchain-verified representation of nickel reserves, aiming to redefine commodity-backed asset access.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.