Crypto Scam Alerts: How to spot and avoid them | Zengo Help Center (2024)

With the rising popularity and adoption of cryptocurrencies, scams and fraudulent activities have unfortunately become more prevalent. It is crucial now more than ever to stay vigilant and safeguard your crypto assets from unscrupulous individuals.

What Scammers can do to you?

While Zengo is well secured and is resilient against account takeovers and sim swaps (no seed phrases or passwords to lose or share), scammers can still :

  • Lure new and unaware users into sending funds from their Zengo to another wallet that could not be reversible and lost forever.

  • cause new users to install malware apps that drain your computer and can harm other apps and data (unrelated to Zengo)

  • cause new users to install fake and malicious apps using the Zengo name

At Zengo, we prioritize the security and protection of our users, and one fundamental aspect to consider is the authenticity of email communication.

We only use zengo.com and emails @zengo.com

All official communication from Zengo will come exclusively from the @zengo.com domain. To further ensure the authenticity of our emails, they now also feature a blue checkmark, as shown in the image below.

Crypto Scam Alerts: How to spot and avoid them | Zengo Help Center (1)

This means that any email claiming to be Zengo but using a different domain is not legitimate. By remaining vigilant and verifying the email address, you can protect yourself from falling victim to scams and ensure that your interactions with Zengo are secure and trustworthy.

Beware of fake Zengo emails about deposit and activation scams

Zengo will never ask for any activation deposit. Period.

If you receive an email requesting you to "activate" your account with a deposit, similar to the image depicted below, this is a scam. Do not engage further.

All authentic communications from us are sent exclusively from the @zengo.com domain, and we never ask for a deposit to activate Zengo, which is a free app. A careful comparison will quickly confirm that such deceptive emails are not from us.

It's probable that you shared your email address with someone on social media who is now misrepresenting themselves as us and, in general, never engage in trading or investments with people you randomly met via social media. Please stay vigilant of such impersonations.

This is what those emails look like

Crypto Scam Alerts: How to spot and avoid them | Zengo Help Center (2)

Crypto Scam Alerts: How to spot and avoid them | Zengo Help Center (3)

Crypto Scam Alerts: How to spot and avoid them | Zengo Help Center (4)

Beware of Zengo impersonation scams targeting influencers.

We have identified a recent scam where fraudsters impersonate Zengo or some of our team members to approach influencers on social media, promising a large paid campaign. They send deceptive emails, inviting influencers to collaborate with us. The intention is to lure the recipients into depositing money or downloading malicious software.

Please be aware all official Zengo communication will always come from an @zengo.com email address. If you're approached with an invitation to work with Zengo, please double-check the sender's email address.

If you encounter any suspicious emails claiming to be from Zengo, do not hesitate to report them to us at [email protected]. Your vigilance helps keep our community safe.

This is the type of email scammers send

Crypto Scam Alerts: How to spot and avoid them | Zengo Help Center (5)

Crypto Scam Alerts: How to spot and avoid them | Zengo Help Center (6)

How to easily find the original email sending address

Scammers impersonate Zengo with fake email addresses like zengostudio.pl or zengowallet @ gmail.com and many more

In order to easily find out if an email is indeed sent from @Zengo.com please follow the following steps

**Gmail**

  1. Open the email you want to check.

  2. Click on the "More" (three vertical dots) button next to the "Reply" button on the right side of the email header.

  3. Click on "Show original" from the drop-down menu.

  4. This will open a new tab with the original email information. Look for "Received: from" in the header. The IP address listed in brackets after "Received: from" is the sender's IP address.

  5. Below this, you should see a line that says "from". This will usually contain the sender's email address.

Crypto Scam Alerts: How to spot and avoid them | Zengo Help Center (7)

**Outlook**

  1. Open the email you want to check.

  2. Click on the "More actions" (three horizontal dots) button located at the top right of the email header.

  3. Click on "View message source" from the drop-down menu.

  4. This will open a new tab or window with the original email information. Look for "Received: from" in the header. The IP address listed in brackets after "Received: from" is the sender's IP address.

  5. Below this, you should see a line that says "from". This will usually contain the sender's email address.

Please note that this information might not always accurately reflect the original sender. There are many ways for an email to be spoofed or for the information to be masked, especially if it's spam or malicious email. It's also worth noting that email headers contain a lot of information and can be quite complex. You may need to do a bit of detective work to find the exact information you're looking for.

Also, it's important to respect privacy and not misuse this information. It's generally best to only use this for troubleshooting purposes or to verify the legitimacy of an email when you have doubts. Always follow ethical guidelines and legal regulations when handling personal information.

Additional tips

  • Beware that scammers build impersonating websites that will look like Zengo’s website and will include redirecting links to our original website.

  • The only link that is legitimate is Zengo.com and nothing else.

  • Top spot a scam-impersonating link. Hover your mouse on the link and see what your browser shows before you click.

  • Never engage in trading or investment with people met on social media or dating sites

  • Never follow the recommendations of scammers leaving positive reviews on Trustpilot or the apple app store or google play store, claiming they have ways to invest or recover lost funds

  • Our original Twitter account is @ ZenGo

  • Beware of employee impersonators on Linkedin.

  • If you have any doubts, contact immediately our customer support in-app only to ask for clarification

  • here are more tips on how to spot different types of scams.

Crypto Scam Alerts: How to spot and avoid them | Zengo Help Center (2024)

FAQs

How do I make sure my crypto is not a scam? ›

The best way to avoid a crypto scammer is to be wary of any communications sent your way and conduct research on every project to learn about the team behind it. If someone is attempting to scam you, it is likely they have tried it with others also.

How do I get help with the crypto scam? ›

What to Do If You Are a Victim of a Cryptocurrency Scam. Report the crime to your local police department. File a report with the FBI. Make sure to include your wallet address (the digital address where you store your cryptocurrency), the scammer's wallet address, and the transaction hash for each transaction.

What is the scam method for crypto? ›

Some of the most common include:
  • Fake websites. ...
  • Phishing scams. ...
  • Pump and dump schemes. ...
  • Fake apps. ...
  • Fake celebrity endorsem*nts. ...
  • Giveaway scams. ...
  • Fraudulent initial coin offerings (ICOs) ...
  • Promises of guaranteed returns: No financial investment can guarantee future returns because investments can go down as well as up.

How do I make sure my crypto is safe? ›

Crypto Safety: The Basics of Protecting Your Crypto
  1. Use two-factor authentication (2FA) on your wallets and exchange.
  2. Withdraw your crypto from your exchange to a wallet.
  3. Write down the seed words for your wallet on a piece of paper, but store it safely.
  4. Use strong passwords every time.
Jun 6, 2024

How do you spot a cryptocurrency scammer? ›

Besides trolling for victims on social media or messaging apps, here are 10 other telltale signs an online trading platform is a fraud:
  1. It isn't registered to trade forex, futures, or options.
  2. Trades crypto, but not registered as a money service business.
  3. No physical address, it's clearly fake, or offshore.

Who is the most wanted crypto scammer? ›

The Missing Cryptoqueen: Dead or Alive? CEO of fake cryptocurrency OneCoin, Ruja Ignatova, is the FBI's most wanted woman. She stole billions, then vanished. New evidence reveals what may have happened.

What to do if you fall for a crypto scam? ›

If you believe you or someone you know may be a victim of a cryptocurrency scam, immediately submit a report to the FBI Internet Crime Complaint Center (IC3) at www.ic3.gov or contact your local FBI Field Office and provide as much transaction information as possible.

Can I get my crypto back from a scammer? ›

Cryptocurrency payments typically are not reversible. Once you pay with cryptocurrency, you can only get your money back if the person you paid sends it back. But contact the company you used to send the money and tell them it was a fraudulent transaction.

How do you know if a coin is not a scam? ›

You can follow these methods to spot scam tokens from the crypto space:
  1. #1. Research About the Project.
  2. #2. Check the Team and their History.
  3. #3. Read the Whitepaper.
  4. #4. Check Exchange Listings.
  5. #5. Check Token Liquidity.
  6. #6. Look into Social Media Activities.
  7. #7. Consider Crypto's Price and Trading Volume.
  8. #8.
Aug 1, 2024

How to spot a fake cryptocurrency wallet? ›

Verify the website URL carefully to ensure you're visiting the legitimate website of the wallet provider. Watch out for misspellings, unusual characters, or domain names that differ from the official website. Look for secure connections (https://) to ensure your connection is encrypted and secure.

Which crypto to avoid? ›

Top Cryptos to avoid
Name of the CoinWhy It Should Be Avoided
Dogecoin (DOGE)Lacks a competitive advantage, infinite supply, primarily used for tipping, making substantial price appreciation difficult.
Hex (HEX)Questionable claims of returns, lacks clear utility or revenue generation, making it a risky investment.
4 more rows
Apr 10, 2024

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