Key Factors That Help Scammers Steal Your Crypto

SlowMist experts highlight three key aspects that contribute to successful cryptocurrency scams.

Threats to wallet key security. Many people store their keys in cloud storage or share them with others via social networks. Hackers can gain access to private keys by hacking cloud storage using fake accounts.

Fake apps disguised as well-known crypto wallets. Many users do not check the authenticity of the apps they download. Once scammers gain access to personal data, they can use it to steal funds. Links to fake apps are often found on social networks, especially X and Telegram.

Scams using cryptocurrency sales schemes created solely for the purpose of deception. Scammers create closed communities filled with bots and offer to invest in a non-existent cryptocurrency. The BNB Chain blockchain is often used.

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