How to fight against scams and hacks? Full guide

Have you ever heard about how to fight against scams and hacks? Scams are breaking public trust in Cryptocurrency, possibly irreversibly. They won’t, thanks to a large-scale, coordinated education program.

The dominant narrative around the current risks to cryptocurrency adoption is that regulators will put a stop to their legality, that it must become much easier for “ordinary” people to use, and that the severity of its volatility must be mitigated.

All of this is correct. Scams, hacks, bogus exchanges, dumps, and the like are potentially just as damaging. Why? Every attack leaves an indelible mark. And the scars are growing in number.

Scammers got away with $14 billion worth of Cryptocurrency in 2021, according to Chainalysis research, which translates to hundreds of thousands — if not millions — of victims in a community where every negative experience has an echo chamber. Stay with Antidolos for more info about ICO scams alert 2022.

How to fight against scams and hacks and protect your assets 

Loss aversion is the basis of the drive to bring the dark web under control. For most people in the mainstream, losing a “substantial” amount of money to a fraud or hack means they’re done with the asset class – if not forever, at least for a long time. The threat of loss overshadows the possibility of profit.

And, regrettably, the chances of practically every Crypto trader and/or user being harmed are now pretty significant. (Even Vitalik Buterin, Ethereum’s co-founder, was a scam victim, as detailed in the book The Cryptopians.) The villains are just that good. So, you can know how to fight against scams and hacks.

One example. Your favorite token is doing an airdrop, according to Reddit. You’ve heard about other people getting these “free money presents,” so you click the link and are directed to a page with what appears to be a live trade book. There’s also a countdown indicating that the event is only 30 minutes old; you’d better hurry to grab your tokens. So you do. The Reddit channel where you learned about the “deal” wasn’t legitimate; the airdrop was a fraud; the timer kept restarting itself; you had just delivered your tokens to an unknown person.

Example of a new hacks

Example number two. You enter “coinbase.pro.com” and get a screen that says your account has been compromised and gives you a phone number to contact. The person on the other end of the line requests your date of birth, email address, and account information so that your login and password can be reset. You begin to get skeptical, but you are under duress. So you give them what they asked for, but a knot in your stomach tells you that you gave them considerably more information than they needed.

Your account will soon be depleted of coins. It turns out that the correct URL was “pro.coinbase.com.”

Three examples. You’re new to the industry and feel like you’ve missed out on the “overnight sensations” that have made many people wealthy. So, you jump at the chance to invest in SQUID Coin, which will be used to fund a pay-to-play online game based on the popular Netflix series Squid Game. However, you realize two weeks later that the developers — whose names are nowhere to be found — have abandoned the project and skillfully placed an “anti-dumping mechanism” as an exit trap. Your coins have no value. The rug has just been ripped out from under you.

Imagine these and thousands of other scams being repeated repeatedly – 24 hours a day, seven days a week. So, it’s straightforward to learn how to fight against scams and hacks.

Momentum and enthusiasm and how to fight against scams and hacks

High-profile attacks, such as Axie Infinity’s $650 million Ronin Bridge compromise, Beanstalk Farms’ $182 million flash loan attack, and Crypto.com’s $33 million hacks of user wallets, add to the relentless, malicious drumbeat. (All of this occurred only this year.)

A lawless narrative soon takes control. Meanwhile, as widespread adoption continues, more sinister opportunities arise, as “newbies” — who are just not paying attention to standard practices in safeguarding their assets — are further abused. Millions more potential participants are now watching from the sidelines, preaching “I told you so” to the latest victims.

This brings me to my main point: a pressing need to go on the offensive—a marketing campaign.

The search for new and innovative security features is necessary and welcome. However, this is insufficient how to fight against scams and hacks.

A Manhattan Project, a Marshall Plan, or any other comparison that indicates quickly mobilizing vast resources and producing a realistic solution to a problem is now required. Because, let’s face it, technological revolutions can be rocky; things will get a lot worse before they get better.

To ensure that Crypto’s incredible promise is realized, it requires a rallying cry, a manifesto, and an informed public. In other words, get in front of the story, drive the conversation, promote safe adoption, and help the Crypto community’s newest members develop alongside its founders. Crypto requires a well-coordinated, member-funded campaign.

Introducing the Crypto with confidence project

• The top 25 projects by market capitalization, the top 10 centralized exchanges, the top five prime brokers, and the top three global trade associations. And other stakeholders form a foundation, a decentralized autonomous organization. Or another entity whose sole purpose is to provide category consumer education so that people can Crypto with Confidence. (Should we treat “Crypto” as a verb? Why not.)
• We know “Sponsors” the subsequent initiatives as the members of the organization who give finance and market leadership. Which helps them to demonstrate their commitment to security and promote their brands. It also exudes cohesion.
• Job 1: Develop the equivalent of public service announcements and “how-to” content to assist customers in becoming more aware of the hazards they face. “Isn’t modern technology great!” something sandwiched between “You can do it!” and “Watch out!” stuck in the middle. The goal is to train and educate an activist public in deterring Crypto crime while also providing the tranquility and confidence to participate joyfully in Crypto and Web3.
• Job 1a: Create a generally applicable mnemonic, such as PARK. “Shift into PARK — Pause, Assess, Request, keep” before starting a transaction, for example. To pose the inquiry, take a breath (s). Is it that good? Is this something unusual? Examine the firm, project, and/or individuals you’re working with. Do you recognize them? Do you know how to fight against scams and hacks? Do they identify you? Are you finished with your homework? Make inquiries, ask questions, and ensure that you are doing responsibly. Keep your private keys secure and only share them with those you want access to your money. Of course, there are numerous approaches to this.

Get ready for new ideas

• The entertaining endeavor to set the correct tone and ensure success. So that I can’t look away so that a feeling of seriousness is convening without being off-putting serious It’s evident that something they design for widespread acceptance is functioning in a very mainstream fashion. Consider Marvel characters battling punk con artists or a revolving ensemble of A-list actors portraying Satoshi Nakamoto. And this isn’t going to be a one-shot deal. It must get off to a strong start before becoming a long-term campaign.
• Incorporate marketing best practices: create a content curriculum, including a course that concludes with certification; drive ongoing engagement through newsletters, Discord or Telegram channels, email journeys, and other means; and reward them for taking the time to become more intelligent and more vigilant with — you guessed it — Crypto.

Conclusion about How to fight against scams and hacks

We tried very hard to present you with the top 360 Blockchain news. You are always welcome to find the best and more reliable info here, like what we have done in the last two years on Antidolos IEO rating and review. To wrap it up, despite the impending bear market, you can always find a good and solid project to invest in if you keep an eye on traps and ICO scams. So if you like to keep up to date, don’t hesitate to follow us on Antidolos.

References
https://cointelegraph.com/news/needed-a-massive…
https://m.investing.com/news/cryptocurrency-news/needed…
https://cryptosnewss.com/needed-a-massive…