Crypto scams: Five ways to identify legit crypto coins
Cryptocurrency euphoria is making it increasingly difficult to keep a check on the authenticity of crypto tokens, and investors often end up falling for scams. Websites like CoinMarketCap offer all the publicly available information needed to verify that a cryptocurrency is legitimate. Also, make it a point to check whether it is trading on the popular exchanges like WazirX, CoinDCX and CoinSwitch Kuber as they perform their due diligence as well. Here are some basic checks through which investors can identify the fake tokens from the legit ones.
The 2021 Internet Crime Report (pdf) includes information from 847,376 complaints of suspected internet crime?a 7% increase from 2020?and reported losses exceeding $6.9 billion. State-specific statistics have also been released and can be found within the 2021 Internet Crime Report and in the accompanying 2021 State Reports.
The top three cybercrimes reported by victims in 2021 were phishing scams, non-payment/non-delivery scams, and personal data breaches. Victims lost the most money to business email compromise scams, investment fraud, and romance and confidence schemes.
The opinions or conclusions of the authors reflected in the open source articles and resources is not endorsed and/or does not necessarily reflect the opinion of the Virginia Fusion Center. The sources have been selected to provide you with event information to highlight available resources designed to improve public safety and reduce the probability of becoming a victim of a crime.
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