Deceptions, frauds and headaches (part 1)

They always appear, characters who have no moral and try to get rich at the expense of others … unscrupulous people. But apparently cheating with the word Bitcoin is easier, because of the news generated at the end of 2017 and the stories of people who multiplied their assets by investing at the right time.

Sadly, scams like these are a stain for cryptocurrencies in general. Although they operate in isolation, the fact that they use the wave of cryptocurrencies taints the community in general, which drives innovation in several spaces.

Have you ever heard the word ‘phishing’? I met him last year

By using this technique, a web page is created that is practically similar to that of any exchange house or online purse or as it was in my case ** Steemit **. Attackers usually publish it on links very similar to the one of the company to which it is being replicated, attract traffic to the web and people agree that they will enter your account when they are actually sending the data to the person who is stealing them.

As I told you in my case was Steemit, luckily this platform has several keys and the possibility of using one to post (posting key) and another to manage the account (active key). Although they “hijacked” my account for about 45 minutes … it was catastrophic.

Consequences that I suffered:

-Total or partial loss of your accounts, purses, etc.
-Exposure of personal data to the attacker. Many of the portals they could access may contain private information.
-Loss of influence and credibility since they published SCAM with my name.

How to prevent?

-Use double authentication factor or 2FA in all your portals. In this way, whenever someone wants to access them, they will find a second key they do not have.
-Always verify that you are accessing correct web addresses and not fraudulent links in Google ads.
-Check that the connection is secure (candadito icon next to the url in your browser) to prevent your data from being intercepted.

But for me the worst of all is that fraud that go to curious people, but with little background and use aggressive selling methods to get their savings.

The invitation to multiply the investment in a short time in a very simple way we see it very often in our networks. False profiles on Twitter and Facebook try to make us believe that well-known people promote a project.

Use names of historical actors of the ecosystem who are paid to “put their face” but in reality, they are not involved in the project that they supposedly represent, it is also a habitual one. So those of us who actively participate in the Blockchain life, we also have the responsibility to closely monitor those projects with which we are linked and to mark a clear and public distance when one of those companies that we may have been invited to fail to comply with the blockchain principles of transparency, security and decentralization: Do not forget that each new user is part of this chain and we must protect each link.

It must be said, as a basic rule, that any project, ico or currency that offers disproportionate profits quickly, is suspect. Any activist or ecosystem expert will notice that you never know how the market will act.

The best way to avoid falling into these various scams and shadow schemes is to identify common characteristics such as:

-False profiles
-Ponzi schemes,
-Lack of codes,
-activity in specialized networks such as Github, BitcoinTalk among others.

More importantly, it is worth acquiring knowledge and understanding of how cryptocurrencies work and the underlying technology that allows them to arm themselves against these frauds. And as I always say … ask, read and ask again.

Enric Martí

Enric Martí

Economy fan, hangued, hooked on crytocurrencies and junkie of audiovisual stuff...on rehab