Blockchain Basics: Crypto, NFTs & Web3 Explained

#20 - Crypto Security 101: Avoiding Scams & Keeping Your Coins Safe


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The cryptocurrency world offers incredible opportunities, but it also comes with significant risks. Every day, new scams emerge, targeting both beginners and experienced investors. From phishing attacks to Ponzi schemes, fake exchanges, and wallet hacks, criminals are constantly finding new ways to exploit users and steal their funds. But how can you protect yourself?In this episode, we break down the most common crypto scams, how they work, and how you can avoid becoming a victim. We’ll explore real-life case studies of major financial frauds, including notorious scams like BitConnect, QuadrigaCX, and the 1MDB money laundering scandal. Learn about the tactics scammers use to manipulate investors, from fraudulent Initial Coin Offerings (ICOs) to fake celebrity endorsements promising unrealistic returns.🔐 Key Topics Covered in This Episode:
✔️ Crypto Wallet Security – How to safely store your digital assets and avoid losing access to your funds.
✔️ Common Crypto Scams – Ponzi schemes, phishing attacks, fake exchanges, and more.
✔️ Red Flags & Warning Signs – How to identify and avoid high-risk investments.
✔️ How Hackers Steal Crypto – Understanding malware, keyloggers, and social engineering tactics.
✔️ Regulations & Law Enforcement – What governments are doing to combat crypto fraud and protect investors.With billions of dollars lost to crypto-related scams each year, it’s more important than ever to stay informed and take proactive security measures. Whether you’re a seasoned investor or just getting started in the world of digital assets, this episode will provide essential insights and practical advice to help you navigate the crypto space safely.🔊 Tune in now and learn how to protect your investments from the growing threat of crypto fraud!
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Blockchain Basics: Crypto, NFTs & Web3 ExplainedBy ELMA