Crypto Academy Season 3 - Week 6. Homework Post for @yohan2on | Crypto Scams.// By:@zeeshanakram

Hi to all my dear steemian fellows . I am also fine . This is my homework post for the respected professor @yohan2on . Thanks to professor for this amazing lecture . So lets start

What are Crypto scams?

Depending on the type of scam, cryptocurrency scams can be understood in different ways. Scammers are always looking for new ways to steal your money using cryptocurrencies, they have plans based on current trends. Scams seem very real. if you look critically good, you can see the scams, how you can do it, it would be nice if the investor promised you a big return on investment. When it comes to you, you have to think twice. If someone asks you to send 500 steamers, they will credit your wallet with 30 bitcoins. This shows that it is pure. . There is deception. Keep in mind of the risks when reviewing and changing the platform for your Bitcoin assets. When looking at Bitcoin companies and digital businesses, experts recommend making sure they use the Chinese blockchain, which means they maintain accurate trading records. Many scams are very popular and are still a real project to steal users' funds.
Unscrupulous people or scammers are always looking for new and quick ways to steal money from corrupt currency investors, and they do so in many ways.
Below are the methods by which they perform their scam programs

Fake mobile apps:

There are so many fake mobile apps now in the world. Fraudsters also steal money through fake mobile apps. . This is also a very common deception. Where they list these fake apps in the Play Store Overthrow investors using phone apps. Although shareholders can usually quickly identify and install these phone apps, this does not mean that in many cases the apps do not affect them .Every investor should be aware of the features while Android users are more at risk. These are fake wallet programs, all the information that the user tries to log in with the details of entering his wallet.

Scamming Emails:

Scammers send many of types e.mails to the people who has a lot investment. However emails may seem like a legitimate company, scammers use their expertise to steal investors' money. Choosing the company that real people work with is very important because it is an opportunity to see. If in doubt about an email, choose the person who works for it. Also, do not go to any website by clicking on the email link. Scammers often start offering counterfeit ICOs or counterfeit coins to steal large sums of money. Scammers send investors emails with fake links so they can do something. They pretend to send letters to corrupt investors and threaten investors to do something to save money in their wallets as soon as possible.

Fake ICO's:

Scammers create fake websites here and you need to deposit cryptocurrency online in a comprehensive wallet. Lots of websites have been created that look like real startups. If the lock icon in the URL bar does not mean security, think twice and "https" does not indicate the site address. For example, they can change numbers or letters from a bad original website, and investors may not easily notice it. In addition, counterfeiters can use the same original website, but in this case, counterfeiters are not protected. Every secure website should have a small lock at the top of the website.

Fraud through social media:

Now a days we all almost use social media apps like Facebook, Twitter, Whatsapp etc. Do not trust Twitter or Facebook suggestions, especially when results are not possible. There are fake accounts all over the internet. Do not think that they are robots just because others react to the offer. You have to be very careful. Therefore, social media campaigns can be used to deceive people into corrupt scams.

Make your research on any Cryptocurrency scam. (Attach a few references to the news surrounding that scam crypto project)?

Now i want to discuss about One Coin Crypto Scam I have made a very athentic research on PIN coin:

source
OneCoin was founded in 2014 by a woman named Ruja Ignatovar. And by OneCoin and OneLife Ltd. Supported and quickly advertised by both companies. She claimed to be a crypto queen. Once upon a time when she was in an international conference She persuaded investors to buy and invest in OneCoin. Challenging bitcoin, he said, the single coin has the potential to become the world's largest cryptocurrency in the future. He also said that OneCoin will be ahead of Bitcoin for another 2 years. He stressed that one coin could be converted into 120 billion coins and that the transaction was easy. "In terms of trading, investors can trade using any e-wallet account," she said.
OneCoin, she made the coin and told the audience that he was going to start a new era. With the price of BTC now rising by a few cents, people around the world are investing their savings in the One Coin project and hoping to be part of a new revolution. The scam was started by a woman named Dr. Roja Ignatova five years ago. They could collect millions of dollars, which was estimated at $ 25 billion, and it was a Ponzi scheme. The cryptocurrency talked about OneCoin, which was not really cash, and said it intended to seize bitcoin and turn it into a "bitcoin executioner."
In addition, there are many scams in which some people have wasted all their money and effort.

To what extent have Crypto scams affected the Crypto space?

It has affected the corrupt atmosphere in various ways. I say both positive and offensive. Investors who were previously deceived are now looking at how cryptocurrencies are stored, accumulated and traded. Include their deals, so it will be difficult to trap fraudsters, so for me corrupt scams are positively affected. for example If a person invests his savings in a project with dreams, hopes and high hopes that he can earn a good income from here for the rest of his life and be happy with his family, he will be deceived. So what happens next? He will definitely leave the industry. Where he has lost his wealth, he will never invest again. Many cases of corrupt currencies in various countries and regions are prohibited or restricted due to illegal uncontrolled activities, and due to the high level of identification and protection of data in the Chinese blockchain system, almost not all corrupt criminals are known.
According to recent new measures, several sponsors summarize all types of digital money, make it look somewhat similar, and set it up as something incredibly scary. In addition, a significant number of financiers are reluctant to invest in authentic forms of cryptography, and this is a concern for the crypto space. With these letters, it is not possible to make huge financial donations everywhere.

Will regulations in Crypto add value to the Crypto space?

I think the most important is the law of investment. Because safe investment builds trust in the cryptographic space. Because most people around us have been deceived by ICOs. Because ICOs are not regulated. The EU currently has most unencrypted currencies. This can lead to unintentional loss or fraud of consumer funds or their participation in operations called "pumping and dumping", the sole purpose of which is to increase the wealth of the wealthy. As a result, although they do not eliminate all the risks associated with cryptocurrencies, consumer protection provisions are legally acceptable. The most important consumer protection measures will be personal information and analysis.
Investors can easily invest in cryptocurrencies. But all regulators place great value on preventing fraud. Higher taxes on cryptocurrencies prevent investors from investing. Because higher taxes are a big problem for investors. These laws need to be amended to address such issues.
I want to believe that regulating corruption will do more harm than good. The Nigerian government tried to control the use of corruption in Nigeria. The government has banned corrupt users from buying and selling their assets directly on the exchange using Fiat money. Many people were scared and thought they were losing their capital. The only way out for us in Nigeria is to use a peer-to-peer platform in cryptocurrency exchanges. Many people still do not trust P2P as a way to buy or sell cryptography. Therefore, it has a great impact on the world of corruption.
So it is true that in the short run, whatever it is, in the long run, enforcing cryptocurrency regulations is definitely beneficial.

Conclusion:

Scammers always monitor people's weaknesses to see if someone is emotional and trapped. So the wisest thing to do is not to get too emotional, and when you invest in a project you need to be well aware of that project. Right now, the best way for investors to protect themselves against fraud is to know the cryptographic details in which they are investing. In addition, careful timing and careful attention to detail will help traders or investors identify fraudulent websites. And scams from fake emails and news.
Consumers must be careful when working in space and do the proper research and approval before making any investment. Thanks to Professor: @yohan2onfor this excellent lecture.