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Fake Giveaways
1. What Are Fake Giveaways?
Scammers promise free crypto (e.g., “Send 1 BTC, get 2 back!”) but vanish after you send funds. They stole $300 million in 2024 (Chainalysis).
2. How They Work
They mimic legit projects on social media—e.g., fake Vitalik Buterin tweets with QR codes to scam wallets. You send crypto, they run.
3. Red Flags
- “Send to win” deals—legit giveaways don’t ask for payment.
- Misspelled usernames or domains (e.g., “Binancee”).
- Too-good-to-be-true promises (e.g., 1000% returns).
4. Avoiding the Trap
Never send crypto to “win” more. Verify giveaways on official project sites—e.g., ethereum.org, not random links.
5. BlockGuardian’s Help
Scan QR codes or links with BlockGuardian.xyz—we flag fakes. Report them via our form.
Extra Tips
- Check follower counts—fake accounts have few.
- Avoid clicking links in unsolicited posts.
- Trust your gut—if it’s too good, it’s a scam.
6. Next Steps
Dive into Social Engineering Traps or return to Learn. See our whitepaper.