You might be a newbie who has just entered the realm of cryptocurrency, or an investor who wants to know about digital currencies, or an enthusiast who wants to know about new innovations.The sophisticated methods used to steal one\u2019s information or assets are scams, and in a crypto environment, they are more subtle.But this article will show you all the things you need to know to protect your digital coins.Let\u2019s dive in:Similar to the iPhone and fiat currencies (Government-issued currencies such as Dollar and Rupee) giveaways, there are also some posts showing cryptocurrency giveaways.To attract a mass of credulous people, some entrepreneurs and famous people in the field of cryptocurrencies are used as a magnet.Here is one of these magnets:On July 25, 2020, $110,000 have been stolen using high-profile Twitter accounts as scam propagators.According to the inquiry report, three employees of Twitter were involved in granting access to hackers to use high-profile accounts for scam.One of the scam tweets from Apple hijacked account is here:To avoid such scams, keep the following weapons in your armory:\u2018\u2019Send us x BTC and we will send you 2x BTC,\u2019\u2019 is one of the most prominent sentence use in such scams.Next time don\u2019t believe in such claims of having some magical wand to double your money, even if such claims come from big guns accounts.Second, users of some sites such as Blockchain.com are asked to provide a password or 12-word recovery phrase on social media by hackers.These sites use their user support platform for activities related to user account information. So don\u2019t provide such information on social media.If you see some suspicious activities on authentic social media accounts, immediately report it on social media platforms.Now you are immune to social media scams, let\u2019s dive in to have the next level of resistance.Your phone rings, someone\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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