Bitget to Launch Social Campaign in Vietnam to Warn About Crypto Scams and Risks

VICTORY, Seychelles, June 28, 2024 /PRNewswire/ -- bitgetleader cryptocurrency The Exchange and Web3 company will launch a unique social project in VietnamThe campaign aims to educate people on how to use cryptocurrency safely and prevent fraud through attractive and understandable posters and banners. These educational materials, which will provide tips to detect and avoid cryptocurrency The scams will be displayed in public spaces such as bus stops, subways and street billboards.

Vietnamone of from Southeast Asia most dynamic economies, has consistently held high positions in Chainalysis Global Analysis crypto adoption rate, currently occupying third position. According A report from the Triple-A payment platformAbout 21.2% of the Vietnamese population owns CRYPTOCURRENCIESonly surpassed by the United Arab Emirates with 34.4%.

However, the level of awareness about the risks associated with digital assets is still much lower than the general knowledge about CRYPTOCURRENCIES in the country. This gap has led to increased financial losses due to fraud, especially among vulnerable groups. Only in 2023, cryptocurrency-The related investment frauds resulted in approximately 3.94 billion dollars in losses, a significant increase of 53% compared to the previous year. Data from an FBI report indicates a worrying trend: the majority of investment scam victims were over 30 years old, with a notable number of complaints coming from people over 60, who are particularly vulnerable due to limited access to clear and timely information.

Being the third most populated country in the world Southeast Asia, Vietnam shares the same alarming trends with other countries in the region, when it comes to digital asset extortion. A 2023 report published by the UN Human Rights Office shows that this region is plagued by crypto-related romance investment scams, fraud to illegal gameAccording to the report, the COVID-19 pandemic and associated response measures had a drastic impact on illicit activities across the region. But the most devastating fact about this phenomenon is that it actually has more than one group of victims.

Novice investors and older people, who are often less familiar with stock markets and digital currencies, are the most common targets for criminals. Most people over the age of 60 have limited knowledge of CRYPTOCURRENCIES and they tend to be more trusting. While you may have heard of CRYPTOCURRENCIESThey often lack the practical experience and knowledge to make these investments safely. Bitget believes that a major gap in the modern financial market is the focus on attracting young users, neglecting broader groups, and insufficient effort to increase financial literacy and risk awareness among users.

Bitget's social campaign aims to address the lack of awareness about cryptocurrency fraudproviding the general public with clear and reliable advice for the first time. The campaign will cover common types of scams, such as social engineering, romance scams, phishing and investment scams. fraud. The project has been developed with the support of anti-fraud experts, law enforcement agencies and sectors such as technology, banking and telecommunications.

"Along with the advancement of technologies, the cryptocurrency "The market has faced several urgent problems that have tested many aspects of social, economic and cultural life," he says. Graciela ChenBitget CEO“One of the key tools to connect with the public and raise awareness, even among vulnerable groups, is social advertising. “This format has proven highly effective around the world, for example during the COVID-19 pandemic, when banners became a central element to inform citizens about the importance of precautionary measures.”

In addition to the anti-scam initiative, Bitget Research published a report highlighting how deepfakes can represent 70% of the total crypto scams in two years. This indicates more $25 billion in potential losses in 2024. This is one of the ways Bitget plans to spread awareness about crypto scams. Bitget hopes that the experience in Vietnam will help analyse the effectiveness of these information tools, improving financial literacy and public awareness. The exchange plans to launch similar social campaigns in other major cities around the world in the future.

About Bitget

Established in 2018, Get a bit is the world leader cryptocurrency exchange and Web3 company. Serving more than 25 million users in more than 100 countries and regions, Bitget Exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet It is a world-class multi-chain crypto wallet that offers a variety of comprehensive Web3 solutions and features including wallet functionality, exchange, NFT Marketplace, Decentralized application browser and more. Bitget inspires people to adopt crypto through collaborations with credible partners, including legendary Argentine footballer Lionel Messi and Turkish national athletes Tosun bus Çavuşoğlu (world champion in wrestling), Samet Gümüş (gold medalist in boxing) and İlkin Aydın (national volleyball team).

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SOURCE Bitget