26 october 2023
Cryptocurrency arbitrage fraud protection: your compass in the world of cryptocurrencies
Preparing the voiceover
Cryptocurrency arbitrage is making profits by trading different cryptocurrencies on different exchanges. This is possible due to the difference in the prices of cryptocurrencies on different markets with different volumes. This type of trading is attractive to fraudsters because they can use many restrictions, hack several restrictions and split into several small transactions, which allows them to make money from speculating on the cryptocurrency market. Classical and modern fraud methods Fraudsters use various methods to infiltrate your wallet or defraud you in other ways. Classic methods include phishing, credit stealing, "human error" attacks, and spying on your device. Scammers are increasingly using modern methods such as social media scams, SIM swapping and ransomware extortion. Social media scams, SIM spoofing and ransomware extortion. Signs of fraud Cryptocurrency arbitrage. There are a few basic rules to follow to protect yourself and your...