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How to Spot a Crypto Scam

It looks legitimate with all the happy customer testimonials, FOMO-inducing promises and easy-to-use dashboards that look like so many other financial sites. The language is open, breezy but sometimes, well, odd.

One site, Coindeskminers.com especially piqued our interest because it used a derivative of our brand without our knowledge, much less consent.

“They say money doesn’t grow from the ground, well it does with crypto currencies [sic] because at Coindesk Miners we have assembled a group of world-class engineering, strategic cryptocurrency mining and investment logic growing investments and making profits for both parties,” the website says. The promise is simple: You submit a little cryptocurrency, as little as $5, and you’ll get instant returns. And it implies a nonexistent connection to CoinDesk, the world’s premiere crypto news site.

Too bad it’s all a scam.

And, sadly, not everyone can tell.

Full article here: https://www.coindesk.com/how-to-spot-a-crypto-scam