The Danger Of Social Media Scams And Why They Hurt The Entire Crypto Ecosystem

New crypto scams are created everyday and while some of them are easily spotted by the average user, others are not. Even the ones that are easily spotted by the average crypto user can be hard to spot by a new user and it's here that a huge problem beggins for adoption.

Every crypto user that uses social media to keep themselves updated on the latest news, has at some point encountered a basic crypto scam. One of the easiest scams to make is advertising a giveaway or an airdrop from what it seems like a legit account from a legit team or company. For example from time to time, crypto subreddits are flooded with "news" of a new airdrop, this is obviously a scam and the links should not be touched.

We have even seen in the last few days a fake acount from X (Twitter) pretending to be Grayscale and offering a lot of GBTC to anyone who followed their link. A new crypto user is not used to this and is not used to be flooded with so many scams at the same time, while the average user ignores it, the new user will most certainly atleast click that link. It only takes two click to connect a newly created wallet to some site. It's very easy for someone with no experience to be tricked and to lose a lot of money.

A new user who decided to experiment cryptocurrencies and the first experience he has is being scammed, is most certainly never comming back and will even say that all the ecosystem is a huge scam. Everyone who listens to this story and doesn't understand the ecosystem will be averse to it and probably will never try to enter it.

Although some of us may think that nobody falls for these scams, there are many people who fall and that's why this type of publications have to be moderated and blocked as quickly as possible.

We can not assume that everybody will know from the start to differentiate a scam from a general airdrop.

What do you think it can be done to avoid this posts invading every social media crypto communities and probably stealing a lot of money? Better moderation may be a great way to start it.