There are too many scams going on at the moment. We need to raise the awareness of these scams and stop them from happening.

Here are some tips for preventing the scams

1. Read the transactions. Learn to read the UTXO transactions and understand what your wallet is doing
2. Use a condom wallet. Protect yourself and use a throw away wallet with minimal assets.
3. Stop and think. If it sounds too good to be true, it most likely is. Stop and think about what you are doing before doing it.
4. Get yourself a hardware wallet where you can store the majority of your assets that never leaves your wallet.
5. Never post your seed phrase online. Once it's online, consider it compromised.
6. Be careful when engaging with online social accounts, they could be scammers. There are plenty of people pretending to be me and then sending you to a scam drainer website.

Support the channel and get a hardware wallet. https://keyst.one/?rfsn=7782591.12cb4d&utm_source=refersion&utm_medium=affiliate&utm_campaign=7782591.12cb4d

Timestamps 00:00 Intro 00:55 Start 02:38 Mercury Mint Scam 03:33 Previous airdrop scam 06:55 Pangolin Protocol protective mints 09:13 Impersonators 12:03 Overview of Cardano Wallet Draining 13:50 Compared to credit card scams 15:22 Tips to protect yourself from these scams 16:00 How to read your transactions 17:58 Hot a hot wallet and a cold hardware wallet 21:35 BTC ETF, scammers are getting excited too 22:46 Vespr stepping up & Cardano Shield 25:00 Old method of claiming airdrops 26:11 Viewers live stream comments

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=== *** None of the information on this episode is to be considered as financial advice. All conversations and opinions are that of the guests and are intended for educational and entertainment purposes only. Please do your own research and understand that cryptocurrencies are volatile and risky. https://www.youtube.com/watch?v=Fq8FhvxET2k

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