Crime Terminology
This is the cryptographic key that is used to access and spend your cryptocurrency.
What is a private key?
Term for a person who turns criminals crypto into cash and hides the money in a discreet location.
Treasure man
This type of scam occurs when a fraudster pretends to be a person of authority to obtain sensitive information from their target.
What is an Imposter Scam?
Researching crypto currencies that you are interested in to make sure they are legit.
What is “Doing Your Homework”.
FTX
Who is Sam-Bankman-Fried
This is an attack in which multiple compromised systems are used to flood a target website or network with traffic, rendering it inaccessible.
What is a distributed denial-of-service (DDoS) attack?
the value (in percentage) that Bitcoin lost in 2022.
What is 60 Percent?
This type of scam involves a fraudulent investment scheme where returns are paid to earlier investors using the capital from newer investors.
What is a Ponzi Scheme?
Taking time to find trustworthy people to take advice from.
What is “Being Careful Who You Trust”?
Voyage Digital
Who is Stephen Ehrlich
This is an attack on a blockchain in which a single entity or group controls more than 50% of the network's mining hash rate, allowing them to potentially reverse transactions or double-spend coins.
What is a 51% attack?
SBF’s total net worth which he gained from his scamming in USD.
What is 26 Billion Dollars?
This type of scam involves using fake emails, texts, or websites to trick people into revealing sensitive information, such as usernames and passwords.
What is a Phishing Scheme?
A virtual wallet that was developed by a reputable company with a solid track record.
What is a secure crypto wallet?
Three Arrows Capital
Who is Su Zhu
This is the process of disguising the proceeds of illegal activity as legitimate funds, typically through a series of transactions that make it difficult to trace the source of the funds.
What is money laundering?
Amount of USD used in illicit transactions in the entire year of 2021.
What is 20.1 Billion Dollars?
This type of scam preys on individuals looking for companionship by creating fake online personas and forming relationships to extort money or personal data.
What is a Romance Scheme?
Looking carefully to confirm the web address is legitimate and that it starts with https (not http) before attempting to log in.
What is ”keeping a close eye on website URLs”?
Celsius Network
Who is Alex Mashinsky
This is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code.
What is a smart contract?
Two ways in which SBF spent his fortune.
What is buying a private island; spending money on politics; philanthropy; buying into sporting teams; sports advertisements?
This type of scam involves artificially inflating the price of a stock or asset, then selling it off once the price has risen, leaving unsuspecting buyers with losses.
What is a Pump and Dump Scam?
Investing in ETFs that give you exposure to the crypto industry or buying stocks in companies that tend to be impacted by crypto performance.
BlockFi
Who is Zac Prince