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Crypto giveaway scam sites have tripled in a year

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Crypto currencies of all varieties are notorious for being incredibly unpredictable and volatile. (opens in new tab) It’s also deeply niche, and especially from the outside it’s a difficult market to comprehend. Even a little bit on the inside it can be truly baffling as to how value is attained and assigned, especially with the potential energy costs (opens in new tab) and environmental offsets it just doesn’t make a lot of sense most of the time. This mysterious complexity combined with tantalising promise cultivated by the rise of bitcoin and you have a perfect storm for scams.

Now of course, scams are rife within certain crypto sectors. NFTs in particular are often the subject (opens in new tab), whether they’re being stolen by scammers or made by them. There have been so many get quick rich crypto schemes that have successfully taken advantage of people, and the internet is really cottoning on. According to Bleeping Computer (opens in new tab), fake crypto currency giveaway sites have tripled this year, painting a troubling picture of successful criminals in this space.

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