By Moneybrain Global
13/02/2025
Crypto Scams Are Everywhere
OneCoin remains one of the largest crypto scams, defrauding investors of $4 billion. Even experienced investors were fooled by a charismatic leader who vanished with the funds. This proves that scams exist at all levels, and anyone can be a target.
Jersey’s Growing Risk
As an international finance hub, Jersey is a prime target for scammers. While fraud is not new, trends
from the UK suggest scammers are increasingly preying on vulnerable individuals with crypto scams. The Social Market Foundation estimates that 40% of fraud victims are targeted more than once,
highlighting the need for awareness.
Common Crypto Scam Tactics
● Impersonation Scams – Fraudsters use social media ads featuring celebrities or business
leaders to promote fake investments. Do not trust high-return promises.
● Cold Calls from “Experts” – If someone calls offering a “once-in-a-lifetime” opportunity, hang
up. Never share personal details without verification.
● Phishing Attacks – Emails or messages that look legitimate can trick you into sharing sensitive
information. Always verify independently.
How to Protect Yourself
● Be Vigilant – Social media ads are not proof of legitimacy.
● Be Alert – If it sounds too good to be true, it probably is.
● Be Savvy – Research before investing and verify sources.
● Be Prepared – Most scammers will be looking to hoodwink you with a few details they found or
bought from a compromised database.
By staying informed and sceptical, you can avoid scams and make safer financial decisions.
Next week: Stay tuned as we delve into the latest crypto trends and offer tips on how to stay informed and make smarter decisions when it comes to your digital assets.
Sign up Today – Explore Moneybrain’s carefully curated selection of cryptocurrencies, designed to give you a secure and beginner-friendly introduction to the world of digital assets. Start your crypto journey today with the Moneybrain app at moneybrain.com, available on Apple and Android.
