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Test Your Knowledge

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Common Crypto Scams and How to Protect Yourself

1. What is the main tactic used in a Pig Butchering scam?


A) Scammers create fake wallet addresses to steal funds

B) Scammers gradually build trust and then steal large sums of money

C) Scammers use fake blockchain explorers to deceive investors

D) Scammers inflate wallet activity to attract investors

2. How can you avoid falling for an Address Poisoning scam?


A) Always use a wallet’s default address

B) Double-check wallet addresses before sending crypto

C) Ignore transaction fees and prioritize speed

D) Rely on wallet address auto-fill functions

3. What is a key indicator that a Watch Wallet scam might be occurring?


A) A wallet has very few transactions recorded

B) The wallet shows unusually high trading volume or repeated identical transactions

C) The wallet has no public information available

D) The wallet is verified by multiple blockchain explorers

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