scamprevention
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BINANCE BLOCKS OVER $2.4 BILLION FROM CRYPTO SCAMS IN 2024🔻🔻
#Binance revealed that between January and July 2024, it prevented more than $2.4 billion in losses from crypto scams, protecting over 1.2 million users worldwide.
Their 24/7 risk management system, powered by #AI and manual reviews, played a key role.
CTO Rohit Wad highlighted this milestone as proof of $BNB commitment to a safer #crypto space.
User vigilance remains crucial, the exchange emphasized.
#BinanceProtects
#CryptoSecurity
#scamprevention
#UserSafety
#BNB
#Binance revealed that between January and July 2024, it prevented more than $2.4 billion in losses from crypto scams, protecting over 1.2 million users worldwide.
Their 24/7 risk management system, powered by #AI and manual reviews, played a key role.
CTO Rohit Wad highlighted this milestone as proof of $BNB commitment to a safer #crypto space.
User vigilance remains crucial, the exchange emphasized.
#BinanceProtects
#CryptoSecurity
#scamprevention
#UserSafety
#BNB
Avoid Paid-But-Canceled Scams on Binance P2P: Expert Tips
Binance P2P users, beware! Paid-But-Canceled scams are on the rise. Learn how to identify and avoid these scams to protect your assets.
Scam Alert:
A seller convinces a buyer to cancel an order after payment, citing transaction issues. The scammer keeps both payment and cryptocurrency.
Safety Precautions:
1. Confirm refunds before canceling orders.
2. Report suspicious activity to Binance support.
3. Keep conversations on Binance.
4. File appeals for unresolved transactions.
Best Practices:
- Verify seller reputation.
- Use Binance's escrow service.
- Secure account and passwords.
- Monitor account activity.
Stay informed, stay safe:
- Take Binance's Scam Prevention Knowledge Test.
- Follow Binance safety guidelines.
Protect your assets and trade confidently.
#BinanceLaunchpoolCATI #scamprevention #BinanceLaunchpoolHMSTR #P2PTradingTips #BinanceTurns7
Scam Alert:
A seller convinces a buyer to cancel an order after payment, citing transaction issues. The scammer keeps both payment and cryptocurrency.
Safety Precautions:
1. Confirm refunds before canceling orders.
2. Report suspicious activity to Binance support.
3. Keep conversations on Binance.
4. File appeals for unresolved transactions.
Best Practices:
- Verify seller reputation.
- Use Binance's escrow service.
- Secure account and passwords.
- Monitor account activity.
Stay informed, stay safe:
- Take Binance's Scam Prevention Knowledge Test.
- Follow Binance safety guidelines.
Protect your assets and trade confidently.
#BinanceLaunchpoolCATI #scamprevention #BinanceLaunchpoolHMSTR #P2PTradingTips #BinanceTurns7
🚨 Avoid Crypto Scams: Essential Tips to Protect Your Investments! 🚨
Scammers are getting smarter, but so can you! Here’s your ultimate guide to avoiding scam projects and keeping your crypto safe:
Checklist for Identifying Scam Projects:
1. **Thorough Research**:
- Does the project have a tangible, working product? Look for alpha, beta, or test versions. For example, Grass, a blockchain-based protocol, had a working system anyone could test.
2. **Verify the Team**:
- Prefer doxxed teams with public identities and verifiable experience. While undoxxed teams can succeed, they should be approached with caution, especially if other red flags are present.
3. **Beware of Too-Good-to-Be-True Promises**:
- Scammers often use unrealistic hype and promises like “The next 100x gem” to lure investors. Stay wary of exaggerated claims and high-pressure tactics.
4. **Check Contribution Limits**:
- Legitimate projects have controlled contributions to ensure fair distribution. Unlimited or excessively high limits could indicate a scam’s attempt to gather funds quickly without building a sustainable product.
Remember: Crypto losses soared by 113% to $572M in Q2 2024 due to hacks and scams. Protect yourself by researching thoroughly and taking your time before investing.
Stay safe and keep your investments secure! 🔒💡
#cryptoscams #scamprevention #Token2049 #CryptoSafety #Write2Earn!
Checklist for Identifying Scam Projects:
1. **Thorough Research**:
- Does the project have a tangible, working product? Look for alpha, beta, or test versions. For example, Grass, a blockchain-based protocol, had a working system anyone could test.
2. **Verify the Team**:
- Prefer doxxed teams with public identities and verifiable experience. While undoxxed teams can succeed, they should be approached with caution, especially if other red flags are present.
3. **Beware of Too-Good-to-Be-True Promises**:
- Scammers often use unrealistic hype and promises like “The next 100x gem” to lure investors. Stay wary of exaggerated claims and high-pressure tactics.
4. **Check Contribution Limits**:
- Legitimate projects have controlled contributions to ensure fair distribution. Unlimited or excessively high limits could indicate a scam’s attempt to gather funds quickly without building a sustainable product.
Remember: Crypto losses soared by 113% to $572M in Q2 2024 due to hacks and scams. Protect yourself by researching thoroughly and taking your time before investing.
Stay safe and keep your investments secure! 🔒💡
#cryptoscams #scamprevention #Token2049 #CryptoSafety #Write2Earn!
