February 5, 2023

Crypto Engine is a crypto trading tool for investing in the crypto market with an %88 average win rate on trades and is the #1 trading software for crypto traders from all around the globe in 2022. Try it For FREE Today. 

The whole crypto community is excited about the upcoming Ethereum merge, an event that will significantly change the landscape of the crypto industry. With experts on various sides of the discussion arguing about the effect of the merger on regular investors, many people feel not only excitement but also anxiety.

The lack of people doing their research facilitates fraudulent activities

The sad reality of the crypto industry is that many people are trying to use various international events as opportunities to scam other users who may not be as knowledgeable or informed. Despite a surge in search volume for the term “Ethereum merge”, many holders of ETH are still not sure what the event will change.

Many people predict a hard fork due to ETH miners leaving the mainnet also add oil to the fire with many investors believing that their tokens are in danger. Developers of the Ethereum network have tested the merge procedure many times, the latest upgrades were rolled out with some issues but ultimately went as expected, the whole network is ready — there is nothing to fear, but the collective anxiety is still high.

Some users reported that Buterin impersonators tried to contact them and offer their services of storing or staking ETH in preparation for the merge. Some people encountered similar scammers on LinkedIn. Social media are crawling with those who prey on people not informed about the upcoming merge. Users without technical know-how may believe that their tokens will be threatened by the merger and fall victim to such fraudulent activities.

The panic is completely unjustified!

Again, we have to stress that the Ethereum network will merge without users noticing. The process was designed to be as seamless and smooth as possible. You won’t see any significant service disruptions or other issues with the network’s performance. It will even start working more efficiently and slightly faster, although not by much.

The FTC reported that over $770 million is lost to different scams proliferating on social media. During the merge, thousands of scammers will try to steal your tokens! Don’t believe them.

trade now

Altcoin Directory is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site (namely Branded Content Posts) is paid content that is not written by our authors and the views expressed do not reflect the views of this website. Any disputes you may have with brands or companies mentioned in our content will need to be taken care of directly with the specific brands and companies. The responsibility of our readers who may click links in our content and ultimately sign up for that product or service is their own. Cryptocurrencies, NFTs and Crypto Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.

Leave a Reply

Your email address will not be published.

Only $250 and you're Rich - Simple way to make $1,372/Day Learn More
Skip to content