2. Deepfake Impersonation: Another common tactic is impersonation, made terrifyingly effective by deepfake technology. Scammers create convincing videos of prominent figures, such as Elon Musk or even Brad Garlinghouse (Ripple’s CEO), promoting fake crypto investment opportunities. These videos are often disguised as ads on YouTube, making them more believable. Imagine seeing a video of Tim Cook, Apple’s CEO, seemingly endorsing a new cryptocurrency. Sounds implausible, right? Yet, it’s effective. The combination of a recognizable face, a seemingly legitimate endorsement, and a sense of urgency creates potent FOMO. The quality of deepfakes is constantly improving. While you might spot the telltale signs today, that won’t always be the case. Your best defense is healthy skepticism. Ask yourself: Why would this person be promoting a crypto investment via a social media ad? Does it seem authentic and consistent with their persona? Does it sound too good to be true?

Barrister Solomon Inks: Let’s tackle five of the most prevalent scams you need to be aware of in 2025. 1. Fake Airdrops: Airdrops, the promise of free cryptocurrency, are extremely tempting. You might be asked to perform simple actions on a blockchain – actions that often involve transaction fees. The lure is the potential for a life-changing payout without any initial investment. This attractiveness is precisely what scammers exploit. Where do these scams thrive? Predominantly on X (formerly Twitter). It’s the crypto town square, and unfortunately, it’s also a haven for unscrupulous individuals. They flood the platform with paid ads and comments, promoting fake airdrops. While X is improving its spam filtering, you’ll still likely encounter these scams daily in your mentions. Never click on links you’re unsure about. Always double-check the URL by typing it directly into your browser. What happens if you fall for it? Likely, your wallet will be drained. The fake airdrop link leads to a malicious smart contract. When you connect your wallet and sign the transaction (thinking it’s the airdrop claim), you unknowingly grant the contract permission to transfer your entire crypto balance to the scammer. It’s a slick way to steal your funds. This emphasizes the importance of wallet hygiene. Tools like Etherscan’s token approvals let you review and revoke permissions granted to different decentralized applications (dApps). As a rule, revoke permissions for dApps you’re not actively using. And remember, the best wallet hygiene involves using a hardware wallet whenever you’re not actively trading.

This is exactly what happened before the 2021 bull market. Everyone lost hope in alt season Everyone thought there is never gonna be any move on altcoins Bitcoin took the shine not until 6th of January 2021 This time around as of 10th December of 2024 Everyone were bullish. To kill the bull sentiment everyone had. It will take 2 months at least If you go back to 2020, as at September and October, everyone was bullish. The market took November and December to kill the bullish sentiment before the bullrun began. History is not always far from repeating itself Copied !!! #bitcoin #nostr