Nearly $9 billion is lost to scammers every year, according to data shown by the FTC Consumers Report.
Unfortunately, Web3 likely contributes a fair bit more to that number than we would like to admit.
A breakdown on themes to look out for and ways to avoid being scammed --
Given the scams that we have seen dominating the NFT space, and the recent events with @kevinrose wallet, we need some more basic understanding of NFT/wallet security.
Read through this thread and save yourself from losing tens or even hundreds of thousands of dollars 🧵:
There are opportunities everywhere in this market to make tonnes of money.
During volatile periods, the number of opportunities increase.
The possibilities for LOSING lots of money increase, too.
Take some time to really think before you act.
Here are 5 things *not*to do:
There has never been a better time to align yourselves with like-minded traders in this space.
Trading blind and alone is a horrifying experience.
Below are my top 2 favorite trading groups.
🧵👇
It’s 🔑 to understand NOT YOUR KEY, NOT YOUR CRYPTO - and why Ledger gives you full control of your digital assets.
Unfurl to learn how self-custody works and why software wallets aren't 100% secure.
Pick up a Ledger today at https://t.co/YkIWHPDI5r!
Another day, another thread. @Memeland has been a focus for 3-4 months now, but what exactly is it? What role do Potatoz play? When mint? How much mint price?
Well, here is what we know and some unreleased details I have heard from sources -- a thread 🧵
.@KPRVERSE is the hottest mint being discussed right now. I see some people asking how tough the "Citizen" mint phase will be.
Don't get burned.
A thread 🧵
Beware of scammers. Buy a @Ledger. Don't click links. Ask your friends or a trustable source for help before taking action.
We must educate, this shouldn't happen.
#NFTCommunity#NFTScam#NFT
If you’re wondering where the NFT volume has gone it’s currently in the wallets of the Azuki scammers who’ve stolen hundreds of nfts and likely over 1000eth. Need better education and protection for new users in this space.
DGNs are happy to announce the first official DAO purchase from our Multi-Sig wallet.
@Worldwide_WEB3 is a project we as a group are very bullish on. Excited for their future.
You don’t learn crypto / Web3 from a curriculum
You learn it by installing Metamask, buying some ETH, moving some to a Ledger, paying fees, making a trade on Uniswap, minting an NFT, joining a discord, asking questions on Twitter, etc.