How Hackers Steal Your Crypto and How to Protect yourself!

#Bitcoin #Crypto #Hackers #Scammers #Thieves #howtoprotectyourself
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DISCLAIMER: InvestAnswers does not provide financial, investment, tax, or legal advice. None of the content on the InvestAnswers channels is financial, investment, tax, or legal advice and should not be taken as such; the content is intended only for educational and entertainment purposes. InvestAnswers (James) shares some of his trades as learning examples but they are only relevant to his specific portfolio allocation, risk tolerance & financial expertise, may not constitute a comprehensive or complete discussion of such topics, and should not be emulated. The content of this video is solely the opinion(s) of the speaker who is not a licensed financial advisor or registered investment advisor. Trading equities or cryptocurrencies poses considerable risk of loss. Kindly use your judgment and do your own research at all times. You are solely responsible for your own financial, investing, and trading decisions.
Crypto is Valuable & More Popular Than Ever and Scammers want in.
WHY:
Digital currencies aren’t regulated
Crypto community preference to self-regulate
Newbies to the game are low hanging fruit
Giveaway Scam
We will double your money
Phishing Scam
They will use an email address and picture like mine!
Social Engineering
Fake Crypto Sites
All they need is
your name
ph number
email
Warning for all
Impersonating others using fake emails
Irresistible offers
Stealing funds from victims through knock-off cryptocurrency trading websites
Social Engineering: How They Do It
A Real Case - Fake Email
Fake emails used with my photo:
[e-mail]
[e-mail]
What they wrote:
Fake site: blockbunny.co
Looks legit
There are others
Real Case: Fake Website Scam
Search Google for “crunchbase” plus the website
Not many results? Possible fake.
Real Case - Verify Legitimate Websites
Crunchbase.com
Enter website in ‘Companies’ tab
No results? Very likely fake.
Real Case - Verify Legitimate Websites
How to Protect Yourself
Add 2nd layer of security using 2FA
Keep track of your wallet transactions
Use multiple exchanges and wallets
Delete all remote-access software
Use “advanced recovery phrase”
Watch for phishing and malware
Block invisible trackers, apps and plugins
Secure browser with extensions
Use a password generator, or don’t use the same password for everything
Tip #16: Keep track of latest developments and scams.
If You’ve Been Scammed
Hit the kill switch (lock down) to protect yourself from further risks
Report the scam to the FTC
Reset your passwords
Inform your bank/brokerage your financial information may have been stolen
Update your antivirus software
Want more?
(you know what to do!)

[@johnehlenbeckart7916]

Only a scammer would down-vote this video.

[@12jburnard12]

I was just going to say the same thing!

[@InvestAnswers]

Cheers guys

[@NatePolmateer]

20 of them apparently. Sheesh.

[@theaccountant5846]

If you fall for a "giveaway scam" where they say they will send you back double immediately, then you being scammed is just natural selection

[@mirco3014]

All ppl, who believe cryptocurrency is the future are in a selection man!!! x''D They are just addicts with too much money! :D Quantumcomputers are here, and cryptocurrency is only alive as long as they want it to be or they invented their own. As long as they get inflated money of addicts by tax they let it alive. ;) Little addicts, spending their money, while they stil working mo - fri think they will pwn the Establishment... too funny :D

[@mirco3014]

Cryptocurrency, also Bitcoin, is an invalid scam! :D

[@MeMe-dg4oh]

One of my favorite channels. Needs 1 million subs!

[@obijuan3004]

Thanks for the heads up! We need more disclosures like this by people discussing stocks or crypto.

[@eamonmulholland3159]

I’m an offensive security engineer and always appreciate seeing people spread cybersecurity awareness. Great vid man

[@ahthisisgood]

Fantastic ! Thank you. The best defense is knowledge.

[@bequickx]

You should do a part 2 - hardware wallets and seed words.

[@InvestAnswers]

boom great idea

[@dailypaybiz0723]

Yes please! I had my Token Poket wallet hacked after I imported a wallet from my husbands phone to mine.

[@cryptoknighttoolscom3471]

@@dailypaybiz0723 how do you do about it?

[@tylerdurden3347]

All you have to do to make money in crypto is just buy it and HOLD IT! You can sell it later on a proper exchange, pay a bit in taxes and call it a life of leisure. GREED is what will cost you in the long run.

[@InvestAnswers]

so true

[@ahthisisgood]

Yep. Couldn't agree more. I'm investing for my son. He gets the Ledger Nano when he graduates from Univ... but first he has to learn to walk 👶

[@cryptoknighttoolscom3471]

There are several ways you can make money with crypto Crypto trading Futures trading Investing in Alt coins Investing in crypto mining

[@theman9318]

World needs more people like you my friend. Thank you for the knowledge and for you looking out for all of us. You the man. And again... Thank you.

[@ahthisisgood]

@InvestAnswers SCAMMER ALERT ! They steal the channel owner's image to look authentic. It's not. It's fake. DO NOT REPLY OR CONTACT !

[@ahthisisgood]

@InvestAnswers SCAMMER ALERT ! They steal the channel owner's image to look authentic. It's not. It's fake. DO NOT REPLY OR CONTACT !

[@fannyjacob8535]

The dude is just not fakeing . The finishes of the goals. Beautiful. Magisterial. Love you *leapnotch!.* .🙏🏼

[@mabad]

Great vid James. Thank you for keeping everyone posted on these scammer tactics.

[@matthiku]

@InvestAnswers SCAMMER ALERT ! They steal the channel owner's image to look authentic. It's not. It's fake. DO NOT REPLY OR CONTACT !

[@tamiz8895]

This is a great video. Thank you for warning us!

[@lovemycountryhatemygovernment]

I'm glad to hear this from you as I study a lot about the cybersecurity community. Nice coverage.

[@InvestAnswers]

Much appreciated!

[@gerthie]

Thanks

[@aolegario1]

Use Brave browser. Use Authy for 2fa and turn off ‘Allow multi-device’ so hackers can’t use authy on another device. Use a separate phone number and email for your crypto accounts

[@yoberto88]

This is a super important video, I’ve seen the scams and it’s good that people become aware of them. Definitely sharing this video!

[@InvestAnswers]

Thanks for sharing!!

[@ShabaaUkelele]

@@InvestAnswers I was expecting the scammer commenting here... 😆 Thanks for the video. Very important

[@ShabaaUkelele]

@@investanswers6924 there he is. Bloody scammer...

[@cryptopimp6894]

Yeah it is I just woke up to everything being gone out of my account

[@imagineeternity443]

Thanks for the info!!

[@InvestAnswers]

You bet!

[@terrygrant6814]

Thank you 😊

[@InvestAnswers]

You're welcome 😊

[@ganamohenbento7253]

thank you for sharing this.

[@davidgilliam7976]

Thank you for this information!

[@InvestAnswers]

Glad it was helpful!

[@RobertWillington]

Thank you, great channel.

[@InvestAnswers]

Our pleasure!

[@crocksgym3024]

Your a good man. Thanks for your advice and content.

[@milootje007]

I got a Facebook ad from "Coïnbase" so naturally, i reported it to Facebook, trying to be a good citizen and all... But one hour later Facebook mailed me back basically saying that there was nothing wrong with Coïnbase. So apparently you shpould't be concerned about the 2 dots on the i, it's fine, Facebook said so.

[@davidgilliam7976]

Yes, beware of sites like that.

[@matthiku]

@@davidgilliam7976 You mean sites like Facebook? 🤣🤣🤣🤣🤣🤣

[@glenn8459]

@@matthiku yes, facebook has crazy trackers and supercookies that follow you throughout the web. if you use facebook, they know everything about you

[@matthiku]

@@glenn8459 I'm off FB since years and would urge everyone to do the same.

[@Nene3dify]

@@matthiku unfortunately even that doesn't help. They keep a shadow profile of you that keeps getting updated as you use the web

[@pamho5801]

Thank you!!!

[@InvestAnswers]

You're welcome!

[@DiandraStarShine]

thank you!🙋🏾‍♀️🌞🎼🌺🌻☯🌈☮

[@burgessking]

Nice pad! Thanks for this brother

[@InvestAnswers]

No problem 👍

[@catl1783]

This is great information! I am from NY so we are naturally paranoid here, lol. Scammers have tried to scam me out of money, etc. thru ought my life, but no one is pulling the rug out from me. Anyway, I have read that your private info can be stolen by "sim swapping" from your phone. I don't know how that works, but I don't do any banking, investing, from my phone. You did not mention the sim swapping, but thanks for your DD! :)

[@CryptoBlick]

This is fantastic! Thank you for educating people on the importance of security... there are way too many people falling for scammers in the crypto space.

[@InvestAnswers]

It is shocking and I get very upset about this. Very upset. There is nothing more heartbreaking than people losing a part or all of their life savings. It hits a nerve with me.

[@omarazimi1022]

@@InvestAnswers how I can contact you please ?

[@maxkallio3723]

Very useful information!👍

[@InvestAnswers]

Glad it was helpful!

[@ckamaluha2810]

Thanks for this video. Very important topic.

[@InvestAnswers]

Glad it was helpful!

[@voiceofinsight5811]

Very valid advice, thanks.

[@InvestAnswers]

Glad it was helpful!

[@rootstone9883]

This video deserves a comment!

[@flyinginferno6922]

Thank you for looking after your fans James 👍🌈

[@InvestAnswers]

Thank you, this is the real IA here. Nice to show the contrast.

[@ramblinrobs47]

Thank you good sir. Always appreciate you and your shared information.

[@ahthisisgood]

@InvestAnswers SCAMMER ALERT ! They steal the channel owner's image to look authentic. It's not. It's fake. DO NOT REPLY OR CONTACT !

[@mrcarlincool]

Great video! Keep them coming!

[@InvestAnswers]

Thanks! Will do!

[@Mikeonmicrocaps]

Ty

[@dy2cakc1]

Very educational.

[@zhelenepark1456]

Thank you

[@InvestAnswers]

You're welcome

[@Benemortasia666]

This video is timeless

[@17JessicaMarie]

do you have any malware or antivirus software recommendations for Mac users ?

[@asask5544]

Thanks big bro

[@manuelballing6374]

What is your opinion on a physical storage for cryptos? Like the ledger hardware wallet?

[@manuelballing6374]

@Uncommon Sensei84 Oh really? How did that happen? I have also an account on Binance.

[@islandboyproduction6504]

thank you for informing others including myself about the dangers about crypto scams

[@ChintanCG]

I don't get why Google can't implement a simple solution on KZbin to prevent anyone with the same name or display pic to comment on the video

[@InvestAnswers]

i know it drives us crazy. I suggested three simple algorithmic solutions to Google.... but no word back.

[@glenn8459]

it's still obvious on if it is the creator or not because the real one has a highlighted name, but still sucks

[@ChintanCG]

@@investanswers6924 lol this is next level. spammers asking to subscribe :P

[@hireahitCA]

Here’s why: If a KZbinr happens to use your name, should you be banned from commenting? Probably not. So instead, KZbin could force a different name to make it obvious, which also doesn’t help because scammers will use ChannelName-Support or ChannelName-Moderator or something, so instead KZbin did something a scammer cannot fake: The KZbinr’s name is highlighted. This is essentially out of band authentication (out of the channel the scammer can control). Unfortunately people are trusting, and no amount of “if you don’t see this, it is a scam” will overcome a scammer who opens up with “We don’t do that anymore, instead this is how you verify me”. Other than getting people to pay attention, there is no fix, and that isn’t really a fix either as it is simply not possible for a common individual to be an expert in everything a scammer could target.

[@suertepanda]

Thank you, this is a great video to bring awareness to the newbies. I hate scammers

[@InvestAnswers]

This is a scammer! The Real IA

[@suertepanda]

@@InvestAnswers The irony!

[@stallebecky4990]

[phone]

[@user-jo6fu6oe6l]

You're a gentleman Sir , thank you for these videos we're learning everyday

[@ahthisisgood]

@InvestAnswers SCAMMER ALERT ! They steal the channel owner's image to look authentic. It's not. It's fake. DO NOT REPLY OR CONTACT !

[@ahthisisgood]

@InvestAnswers SCAMMER ALERT ! They steal the channel owner's image to look authentic. It's not. It's fake. DO NOT REPLY OR CONTACT !

[@imaanfaker3007]

Great practical tips.

[@radfield6089]

should we not use the apps for coinbase and FTX?

[@string92786]

Good Vibes Bud. Thx for the awesome content

[@kuldipnijjar7104]

Good post. Thanks for this info.

[@InvestAnswers]

Glad it was helpful!

[@AlexanderMarks]

your videos are the best man

[@RoopaDudleyPaintings]

It would make sense if they start establishing Crypto Banks for lay people like me where we can buy Cryptos in cash. I don't feel confident to do this on my own on my computer. I do like your "Bull" sculpture that you always place in your video backgrounds. Nice touch.

[@daito6967]

Awsome job!!

[@NatePolmateer]

Really inspiring video, I feel although I am a small creator this inspires me to create a video on this topic.

[@ruppjonracing6546]

Thank You sir for this important an eyeopening episode! I have now reported a ton of scammers in the comments. Let´s join together and report all we can find, so tired of all these criminals destroying peoples life. ######

[@fformentif]

This guy looks like the devil but really nice, warm, and friendly. Thanks for the tips, love your vids!!

[@officialnikkiswisher]

He does not look like the devil. He’s super cute. Yes, he’s brilliant.

[@jerryrodriguez6067]

Lol true

[@fromthecapsule4624]

Ur the man...

[@thewolfpack4x17]

I like you man. Thanks for this.

[@lycan6014]

Even thought I knew most of these scams and how to avoid them, I need to say thanks, it is always good to have a little reminder so I do not get to comfortable. Also thanks for all the great videos so far.

[@InvestAnswers]

Glad to help

[@tubbydubby8045]

Many thanks! Opinions on using a password generator such as Dashlane to store my bitcoin recovery phrase in a secure note?

[@tjsulz]

Bitwarden is good. I used to use LastPass, which is also good, but they recently upped their pricing.

[@tubbydubby8045]

@@tjsulz thank you!

[@zigman69ify]

Another great video!

[@louisville51]

Excellent information thank you. There Is nowhere near enough security awareness Information for beginners.

[@ahthisisgood]

@InvestAnswers SCAMMER ALERT ! They steal the channel owner's image to look authentic. It's not. It's fake. DO NOT REPLY OR CONTACT !

[@ahthisisgood]

@InvestAnswers SCAMMER ALERT ! They steal the channel owner's image to look authentic. It's not. It's fake. DO NOT REPLY OR CONTACT !

[@InvestAnswers]

Thank you, this is the real IA here. Nice to show the contrast.

[@williamkauffman8898]

What is remote access software

[@theuntangledmind109]

No more walking up to the camera!? Loved that

[@kitifane]

I've have received numerous texts and emails after the Ledger data breach, I changed email and bought a phone that isn't attached to my name anymore. I only use this for crypto and nothing else. Just scares me they have my address, smh. I'm just waiting for the next breach. Thank you so much for this info.

[@ahthisisgood]

@InvestAnswers That is a scammer ! They steal the channel owner's image to make you think the post authentic. It's not. It's fake. DO NOT REPLY OR CONTACT !

[@ahthisisgood]

@InvestAnswers That is a scammer ! They steal the channel owner's image to make you think the post authentic. It's not. It's fake. DO NOT REPLY OR CONTACT !

[@ahthisisgood]

@InvestAnswers That is a scammer ! They steal the channel owner's image to make you think the post authentic. It's not. It's fake. DO NOT REPLY OR CONTACT !

[@matthiku]

@InvestAnswers This impersonating user is so stupid that he even posts his scam underneath a video that warns about exactly this scam. Sadly, KZbin is soo slow in blocking/removing these scammers, as this account exists already since Dec'2020 and has been reported numerous times to KZbin.

[@ernestoespinoza1260]

I bought an iMac mini dedicated just to my crypto. New email address, new wallets, new passwords and offline when not in use.

[@misa5941]

Great video!

[@InvestAnswers]

Thank you @M

[@annaburns5382]

another good one.

[@hyt1305]

Some amazing information. Also, would it be best to store on a hardware wallet like a ledger. I heard the risks of it getting stolen are very low and as close to impossible as long as I don’t do anything stupid like fall for these phishing attempts

[@InvestAnswers]

This is a scammer! The Real IA

[@sidbizusa]

Cheers and best wishes always my friend 🍻😁🎶

[@InvestAnswers]

Thanks for the visit

[@ahthisisgood]

@@pinnedthemoneyworkingchann5188 SCAMMER ALERT ! They steal the channel owner's image to look authentic. It's not. It's fake. DO NOT REPLY OR CONTACT !

[@amagram808]

Extremely important information and thank you so much for addressing the issue! Do you recommend using a VPN whenever you are doing business on an exchange?

[@mrRunist]

@@investanswers6924 Scammer.

[@jordinja]

Required watching for anyone new to crypto. Great advice, thanks for putting this together (from ex infosec). Cheers

[@InvestAnswers]

Glad you enjoyed it!

[@tjsulz]

^^^ speak of the devil 😈 😂

[@ahthisisgood]

@@pinnedthemoneyworkingchann5188 SCAMMER ALERT ! They steal the channel owner's image to look authentic. It's not. It's fake. DO NOT REPLY OR CONTACT !

[@ahthisisgood]

@@tjsulz Yep. Under nearly ever comment is the same reply from the scammers.

[@InvestAnswers]

It is unreal!

[@jackpilkington6770]

Cold storage

[@robennikkel8403]

Good job

[@InvestAnswers]

Thanks

[@lofiDigitalArt2]

Should I change my pin code every month

[@madambutterfly7513]

This is scary, even if you don't have but coins!! What happened to the good old days where everything was on paper??? Thanks for info

[@ahthisisgood]

@InvestAnswers SCAMMER ALERT ! They steal the channel owner's image to look authentic. It's not. It's fake. DO NOT REPLY OR CONTACT !

[@ahthisisgood]

@InvestAnswers SCAMMER ALERT ! They steal the channel owner's image to look authentic. It's not. It's fake. DO NOT REPLY OR CONTACT !

[@rizwanhussain8980]

V need more you tubers making this type of content to help spread the knowledge, thanx a lot

[@InvestAnswers]

It's my pleasure

[@ritmos2380]

Its all good . Bro

[@hyperfinance6962]

I wonder if scammers scam scammers!

[@InvestAnswers]

There is a great story of a Russian hacker who took an India scammer out!

[@hyperfinance6962]

I just watch the video of the russian hacker very cool thanks!

[@ileanacat7814]

Thanks so much. I report at least 10 scammers a day!

[@ahthisisgood]

I have copy / paste text message on my phone ready to go for whenever I see a scammer online. Takes 15 seconds to post the SCAMMER ALERT messages in a reply. (Update... Actually posted the message in the comments about 10 times replying to scammers).

[@rickeeization]

Contrbutting to the world! Congratz!

[@krob1957]

Ubuntu Linux would be a better choice for your desktop or laptop rather than windows.

[@InvestAnswers]

Very true, that was on my list but most people do not know how to use that OS.

[@pappydeez2235]

Very good tips! I would add that your account that you log into your computer with, should not have Administrative access. Lower your account to the Standard access level.

[@user-oy5zx5lh1l]

I have a question sir

[@angelicastella5018]

Reliable

[@matthiku]

"There is no such thing as a free lunch" was the credo of most sane people. Until they were hit by the C-bug and started giving out / cashing in their Covid relieve cheque ...

[@matthiku]

@@cosasverdes1771 SCAMMER ALERT ! They steal the channel owner's image to look authentic. It's not. It's fake. DO NOT REPLY OR CONTACT !

[@InvestAnswers]

Thank you Matthias, this is the real IA here. Nice to show the contrast.

[@ifitistobeitisuptome]

I love the way you have the top of the picture behind you, at the top of your video! I'm sure that didn't happen by accident. I appreciate little details like that! Symmetry is rarely noticed, but very important. Cheers.

[@InvestAnswers]

You're right!

[@jimschofield8734]

@@InvestAnswers I like how the light is shining on the bull, and the bear is in the corner, in the shade :D

[@InvestAnswers]

@@jimschofield8734 Wow you have excellent eyesight

[@InvestAnswers]

@@jimschofield8734 I am quite superstitious

[@tturque1]

Thank you so much for this video. What do you think of Credit bureau freezing? What do you think about companies like LifeLock? Are they worth it?

[@InvestAnswers]

Utter garbage, Lifelock offers what they call “lost wallet protection.” but when you dig into the coverage it is all hot air. ie no protection at all. They just offer advice you could find on Google.

[@davidgilliam7976]

Garbage

[@kirkuleez5353]

👍

[@prettyblackdragon2498]

Why do they ask for remote assistance to be installed

[@akastewart]

It doesn’t help that it takes 5 taps to report a single comment. Plus, they should ‘Suspected scam or illegal activity’ as a category, which they’d then ideally prioritise for algorithmic/manual review and clamp down. “Unwanted commercial content or spam” doesn’t really capture the nefariousness and risk from these scam attempts. Of course, YT/Google could just use their algorithmic power to allow channel owners to block any comments from commenters with lookalike names and/or profile image. A few simple measures from YT/Google would kill the majority of YT impersonation scams overnight. This subject needs more media attention. Need to get the word out to the media that ‘YT is a safe space for scammers. And YT seems fine with that fact.’ Maybe an organised @ campaign on Twitter, @ YT CEO Susan Wojcicki?

[@Captain_MonsterFart]

I report those scammers constantly. There seems to be an infinite number on every video. I agree with what you wrote.

[@MrFrobbo]

I'll add a few. Don't use online password generators, ensure complex passwords are unique. Use address whitelist functions on exchanges to allow only specific addresses (of your hardware wallets) to be used. Use unique email from protonmail for Crypto management. Do not use this email for ANYTHING else. Ensure devices are patched regularly and use AV. Think!

[@MrFrobbo]

@InvestAnswers are you kidding me scammer, how about do one

[@oscargonzalez6309]

As long as I stay very cautios about phishing and ransomware... My EOS are safe. XD I mean, I like the fact that the blockchain is pretty straightforward and everything is public, so you'll see where the money goes anyway, but we're always in alert just to be sure. Using wallets to sign up is the safest way to go, that's what I like the most about the community.

[@wave6413]

Thanks I had 3 responses from “you” with different contact numbers 😉😉 last time I left a comment 😆

[@joyceb.551]

I am wondering how to transfer tokens out of CoinMarket cap. After researching....there is a Eatherscan that is connected to a site off the CoinMarket site. What to do?

[@MargretJuana-ru7or]

Hey

[@Bitcoin-Bullet]

What anti-virus software do you recommend?

[@sixtofive]

I've really seen a spike in the fishing attacks in the comments section for crypto channels lately. I report them when I see them, and hopefully people aren't getting lured in.

[@BigJaysDad]

Do you mind if I have this as my video of the month for April on my blog?

[@savageschemer6085]

Serious but important topic! Thanks for looking out for your viewers. I never leave comments here, so I'll take the opportunity to say I love the channel and the work you do!

[@InvestAnswers]

Thank you Mr Savage!