How Are Crypto Scams Evolving and What Can Be Done About It?
As cryptocurrency scams proliferate, exploiting trust becomes the hallmark of their operations. It is essential to look closer at how scammers set the stage and how communities have responded, or more importantly, how they must learn to respond.
How Do Scammers Manipulate Potential Victims?
Scammers utilize various psychological methods to ensnare their targets effectively. Some of the effective subtleties pioneered can be observed in these three techniques.
Firstly, Emotional Grooming comes into play. These scammers often build relationships with victims, pretending to be trusted friends or even romantic interests. They share fictional success stories, create strong emotional ties, and weave in fake urgency to pitch their bogus…
