Tech

How To Avoid Cryptocurrency Scams On Instagram

Published

4 years ago

June 11, 2021

In general, scams, Ponzi schemes, and fraudulent activities in decentralized financial and blockchain technology are not new occurrences. Over the years, there are have been classic instances when crypto scams have been carried out successfully. Furthermore, Ponzi schemes still make a huge amount of money on blockchain activities.

According to CipherTrace reports, cybercriminals were able to siphon away over $4billion from cryptocurrency users and exchanges in 2019 alone. One of the earliest crypto scams was carried out through a hack on Mt. Gox, the world’s leading bitcoin exchange at the time. Despite handling over 70% of the world’s bitcoin transactions in 2013, the exchange platform suspended trading, shut down its website, and filed for bankruptcy a year later because of crypto fraud. The exchange platform announced that over 800,000 bitcoins belonging to customers were missing.

Following these prominent cryptocurrency scams, one wave of fraud that is becoming more popular in recent times is crypto scams on Instagram. “Crypto Instagram” is becoming a thing, and frauds tend to easily use these mediums to perpetuate their scam agendas. For instance, a Coindesk report shows that over 1.3 million Instagram posts using #Coinbase, to advertise crypto schemes that do not relate with Coinbase company.

You tend to wonder how these heists were successfully carried out, despite the anonymity that crypto token provides to its users and owners. In this article, you will find essential ways to help you detect and avoid crypto scams on Instagram, and they can apply to similar social networks as well. Let’s briefly discuss some actionable tips:

Avoid Fake Crypto Accounts: Recently, there has been an increase in the emergence of fake crypto accounts on Instagram. The reason is not far-fetched, as the crypto market is rapidly and more people are looking to get involved in the system. This gives an avenue for fake crypto accounts to take advantage of ignorant traders and investors. Typically, these fake accounts will attract traders and investors by offering exciting deals like free cryptocurrencies, competitive prices, low exchange fees, and the likes.

To avoid being scammed, you must look up the identity of the accounts, read some reviews in the comment section and carry out other background checks to be very sure of the authenticity of the accounts.

Avoid Crypto Payments on Instagram: One of the major issues with crypto transactions on Instagram is that they don’t have chargebacks. This means it is impossible to reverse any payments made. Therefore, you must be on the lookout for the methods of payments offered by the seller. If the vendor only allows payment in cryptocurrency, try to find an alternative means of payment, or avoid the contract.
Recognize Malwares: Scammers, on Instagram as well, use malware to carry out crypto fraud, and if proper care is not taken, you can easily fall victim. This type of scam operates when the malware hijacks your clipboard data, if you click on it, and you will directly send your funds or coins to the scammers. Therefore, you must be careful of the type of links you access on your devices.
Beware of Instagram Ponzi Schemes: The Ponzi scheme is a pyramid scheme of a business model that pays members based on how many new members that they refer and enroll. This becomes an issue because when no new members join, the pyramid crashes. The best way to avoid this is to stay clear of groups that provide these services because it will come crashing down in no time.
Fake Giveaways: It is common for fake crypto investors on IG to announce giveaways and promos. They will offer free cash prizes, a huge amount of crypto assets, and so on if you follow certain instructions. This may seem easy to detect, but it may be difficult for new crypto traders and investors. However, most of these promos are fake and will lead to a loss of investments. It is best to avoid them.
Pump and Dump Schemes: Sometimes, these Instagram crypto scammers buy a new altcoin and push the agenda to you that it will do multiple returns on investments. As soon as the investment begins, the new coin will increase in prices, but they quickly sell off and make profits when this happens. This results in a dump on new investors.

You should know the type of coin before you trade and invest in them. Also, check for more realistic pictures and available images on the seller’s handle. This will put your crypto investments on the safe side and avoid scams.

Make Payments with Credit or Debit Cards: When carrying out crypto transactions on IG, this method of payment seems safe because chargebacks do not apply to crypto and fiat currencies due to the blockchain’s irreversibility. Therefore, you will be on the safe side when doing your crypto dealings on Instagram.

In all, crypto trading and investment are not immune to criminal activities carried out by perpetrators. you must be vigilant enough to observe any fraudulent dealings in your transactions online. Report and flag any IG handle that carries out any suspicious activity.

Tech

Future Unfolding: Your Guide to the Hottest Upcoming Solana Projects

Published

1 month ago

July 19, 2025

Jonathan Grilli

If you’ve been peeking into the world of blockchain lately, you’ve probably heard whispers about some exciting upcoming Solana projects. And no, this isn’t just the usual crypto chatter. Solana’s unique combination of speed, scalability, and low fees has been turning heads in all the right ways. Now, a fresh wave of developers is flocking to the ecosystem—and what they’re building could shake up the whole game.

Whether you’re a casual investor, a tech-savvy early adopter, or just crypto-curious, knowing what’s around the corner can give you a serious edge. So grab a coffee, pull up a chair, and let’s take a closer look at where Solana is headed—and which projects might just become the next big thing.

Why Solana, and Why Now?

Let’s face it: not all chains are created equal. While Ethereum paved the way, and Bitcoin proved the concept, Solana showed up to prove that blockchains could be fast—really fast—without costing an arm and a leg to use. With transaction speeds clocking in at 65,000 per second (yep, you read that right) and fees that cost less than a penny, it’s no wonder developers are pouring in.

More importantly, Solana’s infrastructure opens up real creative freedom. Think dynamic NFTs, high-performance games, instant DeFi transactions, and next-gen social platforms. It’s like going from dial-up to fiber optic. And when does that kind of power meet an ambitious dev community? Sparks fly.

The Landscape: What’s Already Built

Before we dive into what’s coming, let’s talk briefly about what’s already here. Solana is no stranger to heavy hitters. Projects like:

Phantom (one of the smoothest crypto wallets out there)
Magic Eden (a major NFT marketplace)
Serum (a decentralized exchange engine)

…have already helped solidify Solana as a serious player in the Web3 world. But even more exciting is what hasn’t launched yet—the next wave of innovation that’s currently under wraps, in beta, or being whispered about in dev channels and alpha groups.

Categories to Watch

Let’s break this down a bit. These upcoming projects aren’t just NFTs or DeFi. They span several categories, and each one is pushing boundaries in its own way.

1. Gaming on Solana

Blockchain gaming is no joke anymore. We’re talking full-blown metaverses, player-owned economies, and real-time experiences that don’t feel like retro arcade games.

Projects like Aurory and Star Atlas are leading the charge, but newer games like Eizper Chain and Synergy Land are gaining steam. They aim to blend AAA-style graphics with actual on-chain mechanics, where players earn, trade, and even govern the game’s economy. Imagine a gaming world where your loot actually means something.

2. Next-Gen DeFi Platforms

Solana’s speed is a dream for decentralized finance. It eliminates lag and lowers gas costs, making it more attractive for traders and builders alike.

Keep your eye on platforms like Zeta Markets (for options trading), Mango Markets V4 (the next iteration of Solana’s leveraged trading platform), and Drift Protocol, which is all about smart margin trading. These platforms are redesigning financial systems—not just copying them.

3. Social and Creator Economies

You know how creators are always looking for ways to monetize without getting gouged by middlemen? Solana’s low-fee, high-throughput nature makes it perfect for social and creator platforms.

Projects like Grape Protocol, Only1, and Dialect are cooking up decentralized alternatives to Instagram, Patreon, and WhatsApp. Instead of centralized platforms owning your audience, you do. Finally, some freedom in the feed.

4. Infrastructure and Tools

Not every exciting project is consumer-facing. Some of the most powerful tools are being built quietly in the background.

Look out for GenesysGo, Helius, and SolanaFM—they’re building things like RPC networks, data explorers, and indexing solutions that help the entire ecosystem run smoother. It’s like paving roads before the cars show up.

How to Spot a Winner

Okay, so you’re excited. But how do you separate future stars from vaporware?

Check the Team

Do they have experience? Are they doxxed? Are they shipping updates consistently? A solid team isn’t shy about transparency.

Look at the Community

Great projects build great tribes. Join their Discord. Scroll through their Twitter. Are people engaged, or is it just hype?

Watch for Utility

Does this project solve an actual problem or improve something that already exists? If it’s just a reskinned NFT mint or copy-paste DeFi fork, maybe move along.

Follow the Builders

Founders often share sneak peeks, updates, and philosophies that give you insight into where a project is heading. Social platforms like X, Farcaster, and even dev blogs can be surprisingly revealing.

How to Stay in the Loop

Alpha doesn’t wait for newsletters. If you want to stay ahead, plug into:

Solana Hacker Houses and hackathons (they often preview upcoming talent)
Podcasts like Solana Breakpoint or Lightspeed
Research-focused Discord servers and Telegram groups
GitHub activity and dev toolkits

This stuff moves fast, but not without leaving clues. Pay attention to who’s building, not just who’s trending.

Final Thoughts: Don’t Chase, Anticipate

When everyone talked about it, the train had probably left the station. The trick with upcoming Solana projects is to think like a scout, not a fan. You want to spot the early signals, the creative builders, and the untapped problems being solved in clever ways.

Solana’s ecosystem isn’t just expanding—it’s evolving. As more serious capital, creators, and developers enter the space, the opportunities multiply. Stay sharp, do your homework, and remember: the best projects often start quietly.

In a world full of copycats, bet on the originals. That’s where tomorrow’s magic lives.