According to Cointelegraph, Kitboga, a well-known figure for his efforts in wasting scammers’ time on the phone, shared valuable insights on how to avoid scams in an exclusive interview. Kitboga's work not only exposes fraudulent tactics but also provides practical advice on staying safe in the fast-paced world of cryptocurrency.
Kitboga highlighted a common tactic used by scammers: creating a sense of urgency. He explained that scammers often try to pressure their targets into making quick decisions. “Whether you think you've won $1 million or you think you owe $1 million... the scammer is going to make you do something right now,” he warned. He stressed the importance of staying calm and taking the time to assess the situation to avoid falling victim to such schemes.
He also shared a personal experience of nearly falling for a subtle scam involving a website that was a near-exact replica of a popular cryptocurrency site, with the only difference being the domain name. This example underscores the need for vigilance and careful scrutiny of online platforms.
To further protect against fraud, Kitboga recommends segmenting funds, especially in the crypto space, to minimize risk. He advised not to store all assets in one place and to be cautious when trying out new ventures or minting new assets. “If you want to try something out [...] or you’re interested in minting something, don’t store all of your assets in the same place,” he advised.
Kitboga's insights serve as a reminder of the importance of caution and due diligence in the ever-evolving landscape of cryptocurrency. His advice aims to help individuals safeguard their assets and avoid falling prey to scams.
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