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Binance Crypto Scams Quiz Answers 1) A Crypto scam is a scheme designed to deceive and trick someone out of crypto. Answer: True 2) Why are Crypto scams riskier than traditional scams involving fiat? Answer: Crypto scams are riskier because transactions are irreversible 3) Out of the following three options, which one is the most likely reason for why Crypto scams are rising? Answer: Fraudsters are taking advantage of FOMO and technical inexperience of newcomers 4) How much was lost in crypto related fraud in 2020? Answer: £1.2B 5) Tick all the common types of Crypto scams from below. Answer: Project/Token Frauds, Malware Installation, Fake Crypto sites/wallets, Giveaway/Airdrops Scams, Fake Crypto investments, Wallet/Account Hijacking 6) What are the two main ways for Crypto Project teams to fund their projects? Answer: Public Offerings & Private Fundraising 7) What does ICO stand for? Answer: Initial Coin Offering 8) What is one of the differences between ICO and IPO? Answer: ICOs have little to no investor protection whereas IPOs are regulated 9) What is an IEO? Answer: Initial Exchange Offering 10) True or False: Fraudsters often impersonate official websites (or emails) such as Binance to lure victims into sending them money? Answer: True 11) True or False: Fraudsters will often post as celebrities, influencers or hack into social media accounts to lure victims into sending them money Answer: True 12) Are Crypto giveaways safe? Answer: Sometimes – but some crypto giveaways can be scams/fraudulent 13) True or False: Will Binance Customer Support contact you via a Phone call? Answer: False 14) What are the four main methods to protect yourself from scams? Tick all that apply: Answer: Distinguish between official and fake communication, Research and do your due diligence into project/tokens, Secure your crypto accounts with 2FA, Avoid clicking on Phishing or Suspicious Links 15) True or False: SIM Swapping can only occur if you physically lose your Phone? Answer: False 16) Where can you locate the Binance Verify page? Answer: Only though Binance website: https://www.binance.com/en/official-verification 17) True or False: Scammers can often gain access to your Crypto by purposefully making you download malware (harmful software) via your mobile or computer service? Answer: True 18) What questions do you need to ask during due diligence checks before investing in Projects/Tokens? Answer: All of the above 19) True or false: Anti-Phishing code is an additional security feature provided by Binance that allows users to add an extra layer of security to their account? Answer: True 20) What is 2FA? Answer: Two Factor Authentication 21) What methods of 2FA are you recommended to use? Tick all that apply: Answer: Use Trusted Antivirus Program (and Firewall), Protect your Login Credientials with a Strong Password, Keep a separate/dedicated computer/phone just got Crypto accounts 22) True or False: Phishing is one of the most wide-spread and common cyber attack technique. It is a type of social engineering attack that involves psychological manipulation and relies on human failures. Answer: True 23) What is a Rug Pull? Answer: Crypto Project team sell all their Tokens in the market which results in token price essentially going to zero. 24) What is Binance doing to help mitigate Scams? Tick all that apply: Answer: Implementing Strict Security Measures, Making KYC (Know Your Customer) Mandatory, Working with Law Enforcement 25) Should you contact your Local Police/Action Fraud if you have been scammed? Answer: True

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Look friends, now we have 2k subscriber on our youtube channel, so I am doing a small giveaway, as the subscribers keep increasing, the reward of the giveaway will keep increasing and there will be 2k, 3k, 4k, 5k, giveaway on every K. Today 3 people will be the winner out of you guys if you don't become winner then don't feel bad because our channel will have many giveaways in future and more chance to become winner is the one who subscribe our youtube channel and follow twitter account, Like, Retweet and Comment on your TRX trc20 wallet

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