Lionsgate

Cryptocurrency has been the portent of new possibilities for global investments and management of digital assets, but with opportunity comes new threats. Wallet compromises and highly crafted scams are common now, leaving the victim dazed and confused in search of a remedy. Many investors are now asking, “ What is a crypto analyst? ” and ultimately, can they provide effective support to address a crisis, like overcoming a wallet compromise or recovering from a pig butchering scam? The Growing Threat of Crypto Scams Digital currencies are decentralized, which offers excellent protection to users, but that same decentralization provides opportunities for criminals to exploit naïve, inexperienced users. Hackers and scammers take advantage of human error through phishing, malware, or Ponzi schemes to deplete digital wallets. Two of the more devastating scams today include a bank account takeover, which allows a criminal to drain someone's wallet through multiple social engineerin...