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Crypto Warnings: Scams and Breaches Quiz

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Crypto Warnings: Scams and Breaches: a General level Cryptocurrency quiz. Test your knowledge with 8 questions!

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Questions

Question 1

What is the term for a scam where developers abandon a project and run with investor funds?

A Airdrop

B Hard fork

C Staking

D Rug pull

Question 2

Which early Bitcoin exchange suffered a massive hack and went bankrupt in 2014?

A Bitfinex

B Mt. Gox

C Bittrex

D Poloniex

Question 3

What is a 'Ponzi scheme' in the context of crypto?

A Creating a new blockchain

B Using new money to pay old investors

C Securing a wallet with 2FA

D Buying low and selling high

Question 4

Which stablecoin famously lost its peg to the dollar in 2022?

A DAI

B Tether

C TerraUSD (UST)

D USDC

Question 5

What is the best way to secure your crypto assets?

A Sharing keys on social media

B Cold storage hardware wallet

C Saving keys in an email

D Storing on an exchange

📋 This quiz has 8 questions in total.