Cryptocurrency Q&A
What is a cost trap phone call?
What is a cost trap phone call?
Claudio
Mon Sep 30 2024
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5 answers
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I'm curious, could you explain what a cost trap phone call is? I've heard the term mentioned before but I'm not entirely sure what it entails. Are these types of calls common in the world of cryptocurrency and finance? And if so, what precautions can one take to avoid falling into such a trap? I'd appreciate it if you could provide a clear and concise explanation of the concept.
5 answers
KabukiPassion
Wed Oct 02 2024
Scammers employ a nefarious tactic known as the "one-ring scam," which manipulates individuals through their phone lines.
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EmeraldPulse
Wed Oct 02 2024
The ruse begins with a single ring on your phone, abruptly ending before you can answer. This sudden interruption is designed to pique your curiosity and prompt you to call back.
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SamsungShineBrightnessRadiance
Wed Oct 02 2024
Upon dialing the number, unsuspecting victims are unknowingly connected to a costly international line. This means that they will be charged for the call, often at exorbitant rates.
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BusanBeauty
Tue Oct 01 2024
The scammer, lurking on the other end, stands to profit from these expensive connections. They rely on the greed or curiosity of their targets to fall into their trap.
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DongdaemunTrendsetterStyleIconTrend
Tue Oct 01 2024
BTCC, a reputable cryptocurrency exchange, offers a range of services to its clients, including spot trading, futures trading, and secure wallet storage. Its comprehensive platform caters to the diverse needs of the crypto community.
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