Crypto investment scams
– how do they work?
You come across a crypto investment
advertisement on social media.
You click on it and provide your contact
information. The fraudster contacts you
by phone and convinces you to invest.
Protect yourself against
cryptocurrency scams!
1
Research carefully before making
a crypto investment.
2
Be careful when sending cryptocurrency.
Once the transaction is completed,
you will be unable to recall it.
3
If you receive an investment opportunity from a friend,
confirm that the message really came from them.
4
Prior to investing, research the team behind the offer
and analyse the project.
5
Be clear on the conditions of your purchase
and cryptocurrency ownership.
A fraudster approaches you on
a dating app or social media platform.
It can start as a romance scam,
quickly turning into an investment
fraud with potentially serious financial
losses for you.
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THE ROMANCE FRAUDSTER
THE BUSINESS OPPORTUNITY
THE PHISHING ADS
A fraudster targets you by compromising
your friends’ social media accounts.
Because you believe you are communicating
with a trusted person, you can be more open
to make the investment.
THE FRIEND IMPERSONATOR
A fraudster calls and shows you
a fraudulent crypto investment website.
They convince you to invest based
on a fake potential growth.
In many cases, you will only realise the
money cannot be withdrawn after a long
period of investment time.
6
Be wary of individuals met on dating apps or social media
who attempt to convince you to invest in cryptocurrencies.
7
Beware of unsolicited requests encouraging you to open
and fund new crypto accounts. They will direct you to
wallets controlled by criminals.
8
Keep it to yourself. If you buy cryptocurrency, do not announce it
on social media as it might attract the criminals’ attention.
9
If you become a victim, report it to your national police.
Warning Signs
Investment opportunities with
too good to be true returns.
Displays of urgency making you think
this is a deal you don't want to miss.
Fraudulent ads posted on the internet or social media.
Unsolicited investment offers received by email, social media or
telephone. The opportunities can be presented by:
fraudsters impersonating a friend;
someone you have only met via dating apps or social media;
a fake crypto investment company.
Requests to transfer your legit crypto investment to an alternate
crypto address that is under the control of criminals.
