Scammers have been a thorn in the side of the crypto market for a while now. Some of the most common involve scammers pretending to be Vitalik Buterin, the founder of Ethereum, or other prominent figures in the cryptocurrency space. Bakkt, which launched about a week ago, has already begun to attract crypto scammers.
How the Scam Works
The scammers launched a fake site, pretending to be the real Bakkt platform a few days after it launched. It seems they wanted to profit from the initial hype of the launch of Bakkt. Besides that, they created a copycat medium page, which looked like the real Bakkt page. On the page, the scammers pretended they were offering BTC and ETH free.
The fake sites that ask people to click on a link, where they can access their free ETH and BTC. Upon clicking the link, users find a site that asks them for a small amount of crypto so that their address can be verified. The selling point is that they will send you a great amount of BTC or ETH after you make the deposit.
Conduct your own Research
Crypto scams are quite prevalent. However, this was one of the most basic scams you will find and it did not have much creativity to it. Other scams are more intricate and you need to conduct your own research. It will ensure that you do not lose any of your money to crypto scammers. It is not yet known how many people have fallen for this free giveaway scam.