Avoid Scams on Base
Protect your Base assets by acquainting yourself with prevalent scams within the cryptocurrency space.
Types of Scams
- Blackmail
- Fake DEXs
- Free Token Giveaways
- Impersonation
- Malware
- In-Person Transactions
- Money Transfer Fraud
- Phishing Emails
- Phishing Websites
- Ponzi Schemes
- Pyramid Schemes
- Prize Giveaways
- Pump and Dumps
- Ransomware
- Scam Tokens
Blackmail
Blackmail threats demanding Base tokens in exchange for not revealing personal or damaging information have been observed. These are often delivered via email or DMs claiming the hacker has sensitive data or footage. Typically, these emails are sent en masse in hopes that someone will pay. Always exercise caution and skepticism.
Fake DEXs
With the growth of decentralized platforms, some fraudulent individuals create fake decentralized exchanges. They may offer extremely attractive rates to lure users. Always transact on reputable DEXs.
Free Token Giveaways
Beware of offers or events that promise free tokens in return for a small deposit, upon completion of tasks, or in exchange for your personal details. Always double-check the authenticity of such promotions.
Impersonation
Watch out for accounts on social platforms that impersonate well-known figures or organizations in the Base community. Always verify the authenticity of accounts and their claims before taking any action.
Malware
Ensure that the software you use is from a legitimate source. Some malware can alter Base addresses you copy-paste, redirecting your assets to the hacker’s address.
In-Person Transactions
If you’re considering buying or selling tokens in person, always meet in public places and be wary of offers that sound too good to be true.
Money Transfer Fraud
Be skeptical of unsolicited communications asking for Base tokens, especially if they promise significant returns.
Phishing Emails
Always be wary of emails asking you to reset passwords or provide any personal information. Verify the sender’s authenticity before acting on any email instructions.
Phishing Websites
Stay cautious of websites that impersonate legitimate Base or crypto-related platforms. Ensure you’re visiting the genuine site, especially before entering sensitive information.
Ponzi Schemes
Avoid “investment opportunities” that promise guaranteed returns. If it sounds too good to be true, it probably is.
Pyramid Schemes
Stay away from schemes that generate returns based on the number of new participants rather than genuine investments.
Prize Giveaways
Just as with free token giveaways, be skeptical of prize giveaways that ask for personal information or any form of deposit.
Pump and Dumps
Be cautious of individuals or groups promoting a token’s price only to sell it off after others have bought in.
Ransomware
This malware type locks access to a user’s system, demanding tokens as ransom. Always be careful about the software you install.
Scam Tokens
Some tokens might be promoted heavily, only to be schemes designed to defraud people.
