5 Crypto Scams to Know before you Start Trading Coins

8398, which Green named Fred Simian. But, see, Green lost more than just the estimated hundreds of thousands of dollars in the resale value of his NFTs. The US Federal Bureau of Investigation (FBI) estimates that, between January and March 2022, more than US$1.3 billion dollars in cryptocurrencies were stolen by cybercriminals. How did Sky Mavis finally discover they were missing hundreds of millions of dollars? The piece claimed that Hassan put £50 into crypto last year and was able to turn it into millions! As Ukraine put it, they were essentially sending donors a “reward” for donating. Ukraine was trying to fundraise, thought they’d thank donors who meant well, then pulled the plug when they realized people were trying to take advantage of the situation. Anyone who believes they have seen a cryptocurrency scam or were part of a scam should report it immediately. Once you have signed up on the platform and made the initial deposit, which cryptomaniaks.com is a ponzi usually around $250, you will have the option to use the software manually or through the autopilot switch. Every cryptocurrency should have a whitepaper since this is among the most critical elements of an initial coin offering. A poor or non-existent whitepaper: Every cryptocurrency should have a whitepaper since this is one of the most critical aspects of an initial coin offering.

A tell-tale sign can be that the scammer never agrees to video calls under an excuse like a poor Internet connection. You should try to ignore messages from people you don’t know, and only reply if you can verify the person and situation is legitimate. Not to mention, people working for companies that store customer data and do not keep it hidden from employees can also pull such scams. What are some common types of crypto social media scams? Misspellings and grammatical errors in emails, social media posts or any other communication. This trend emphasizes the need for careful scrutiny of social media handles, even those with seemingly “verified” status. Scammers will take as much time as they need to gain the trust of a potential victim. Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk. However, it’s still worth reporting the firm to Financial Conduct Authority (FCA) so the organisation can take steps to have the company potentially shut down. However, if you know the tactics they usually use, you will not fall for them and you can have a smooth trading career despite all the odds against you. However, the Wormhole bridge exploit allowed the hacker to mine those tokens without depositing the equivalent amount from their own funds.

This supposed ‘once-in-a-lifetime’ chance can cause individuals to make quick transfers of funds in the hope of getting a quick return. Axie Infinity has since raised $125 million to reimburse its users for stolen funds. In March, hackers discovered an exploit on the Ronin blockchain, which is the Ethereum-based sidechain that Axie Infinity runs on. Con artists exploit the lack of safeguards in crypto infrastructure, often coaching victims through the process of giving away the so-called seed phrases that unlock their wallets. But this naturally attracts fraudsters who are keen to capitalise on the high investment returns coupled with people’s lack of knowledge. As Molly pointed out, it’s unlikely even the people who made off with that $1.35 million did not see those crazy returns that were promised. This led to a situation where multiple people decided to join in on the “looting” of the Nomad bridge. It is always a small group of people that gets the entire nation or industry blotched.

Download this entire guide for FREE now! A cryptocurrency is a digital token that can be exchanged for goods and services. That’s exactly what the Day of Defeat token promised. As a result, cryptos tend to be volatile assets – their prices can drastically fluctuate on any given day. It fills this particular gap i.e. telling you how you can make money without putting too much effort. As momentum swells, other investors cash in and drive the price up, while the schemers cash out and make a quick fortune. The scammer might convince you to make additional payments, or they’ll make a deposit in your bank account and ask you to send them cash only for their original deposit to fail. It might even show you a lot of statistics that prove that it has been in business and operating successfully for many years. But even amid crypto’s biggest crash yet, the scams flourished. Coupled with a mindset grounded in critical thinking, secure habits, and continuous learning, these practices form a robust defense against scams. An airdrop is basically when crypto wallet holders are sent freebies, usually in the form of crypto tokens or NFTs.


Joe is Director of Cinematography at Stagebox. Joe works as a Director in the professional film sector and his crews work with Stagebox to bring professional film set experiences to our members. Joe directs the company’s video shoots and works on the Stagebox Video Project and Company Project Live each year. Stagebox has 20 million+ viewers and counting and continues to lead the child sector. Joe is currently working on Sunset Boulevard and his work is critically acclaimed in the industry.

Joe has worked professionally as a Director and Cinematographer. Credits include: Video Design and Cinematography for Sunset Boulevard (West End) starring Nicole Scherzinger. A Doll’s House (Broadway), Betrayal (Broadway), Cabaret (West End), McQueen (West End), Shark is Broken (West End), Punchdrunk (London), Rambert (London), 42nd Street (UK Tour), Sound of Music (Chichester), Assassins (Chichester), Pretty Women (West End & UK Tour), Parade (Broadway), & Juliet (West End and Australia), Funny Girl (Broadway), New York, New York (Broadway), Mamma Mia (Australia), A Beautiful Noise (Broadway). Commercial credits include: Disney, Discovery, ITV, BBC, Puma, Amazon, Tesla, Manchester City, Wagamama, Pokemon, Sony, Playstation, Nintendo, Lego, England FA, Google, Nickelodeon, Tiffany and Co, Wimbledon, Bentley, Ferrari, Manchester United and Cadbury’s.


Jasmine is a Director of Stagebox and she continues in her role as General Manager at Stagebox. Jasmine leads the team in delivering our award winning Stagebox memberships.

Jasmine has a decade of experience in facilitating world class training to children age 5 to Graduate level and working closely with creative teams, parents and children to deliver industry excellence. Jasmine manages our live performance opportunities having overseen hundreds of concerts, events & live performances including: Schwartz at 75 (West End), West End Does series at Cadogan Hall, WhatsonStage Awards & The Company Project Live. Jasmine also founded The Diversity Project initative at Stagebox and has been responsible for inspiring diversity and inclusion across the Company.

Jasmine leads across our training centres of excellence, alongside creatives and with children worldwide to help them achieve their dreams.


Kirsti is a Director of Stagebox and she continues in her role as Head Agent of Stagebox Management. Kirsti studied at Stanford University in America and she has a decade of experience in casting and production. She continues to lead our US style representation and genuine career development for Stagebox clients.

Kirsti leads the department in securing major leading roles in West End, Television and Film productions worldwide. Kirsti has negotiated co-representation deals with the US including The Gersh Agency and Paradigm. Stagebox Management clients have had major success securing roles in BAFTA award winning, Emmy nominated, Stage Debut nominated and Olivier award winning productions.

Stagebox Management are well regarded as the leading children’s management in the UK for lead role success with recent success including roles in the Wicked Movie, Barbie Movie, Disney’s Snow White, 3 Body Problem for Netflix, Matilda Movie, Avenue 5, The Power, The Crown, Secret Invasion, Peaky Blinders, Sex Education, Ted Lasso and every major West End musical and UK Tour. The Management works in tandem with training to ensure reputation and standards of industry excellence for career longevity and growth.

deposit 25 bonus 25

deposit 25 bonus 25