Impersonation fraud: how to avoid

Do you know that passing uplifting feeling when "Wow, Anthony Sassano followed me, and Vitalik Buterin liked my reply on Twitter/X!" Abd then reality hit after a double-check. Have you ever been in a similar situation?

The recent case inspired me to research impersonation scams and our unconscious reactions to them. It's easy to claim you won't fall for these, but our instincts can sometimes get the best of us.

In my case, I’ve just lost my good mood, but let’s see what to do not to lose the money ????

https://preview.redd.it/c6slglu0yk3d1.png?763&format=png&auto=webp&s=f135983ea7b3b8978669b6b42d5e3a46ae7428cf

Impersonation fraud in the crypto world is evolving daily, with scammers mastering the art of creating usernames similar to legitimate accounts.

They pose as famous personalities or trusted platforms, using convincing language and fake credentials to gain victims' trust. Stay alert to avoid falling prey to these sophisticated scams.

sassal.eth acc ???????? looked pretty convincing until I checked the followers’ number ????

https://preview.redd.it/p1gkkqb2yk3d1.jpg?880&format=pjpg&auto=webp&s=1883929655d4f724fee503c7b17240a73c0e894f

The common types of impersonation frauds:

Fake social media profiles: Mimicking well-known individuals or influencers who announce giveaways, unreal investment opportunities, etc.

Fake wallets and apps: Creating fraudulent wallets and apps to steal private keys and then funds from accounts.

Customer support impersonation: Posing as support agents to obtain login information, private keys, or sensitive data.

Phishing emails and websites: Imitating reputable platforms that send/contain links to a fake website intended to steal private keys or login info.

Discord/Telegram scams involve setting up fake channels that promise exclusive investment opportunities or airdrops in exchange for a down payment.

How to spot a crypto scam:

• Always double-check the account's authenticity, even if it appears credible at first glance.
• Be wary of offers that seem too good to be true.
• Ignore unsolicited messages; if someone you don't know brings up crypto, it's likely a scam. Watch out for unexpected communications — scammers may try to trick you into sending crypto.
• Cross-check information using official sources for confirmation.
• Take your time before making any actions, especially if you know that you’re currently tired, dispersed, or inattentive. Research accounts/websites/apps/companies thoroughly and avoid high-pressure tactics.

Btw, the presence or absence of a blue X / Twitter checkmark is a poor litmus test for verification, as it disappears if payment is missed and back once being paid.

On top of that, $8 is not a lot for malicious actors hunting for your funds.

Share it with your friends as it will never be superfluous to remind them about it!

Stay safe and attentive!