# know

Do you want to earn Passive Income by doing Crypto Trading on Gate.io? 💰
There are many ways to make money in the Crypto world. Trading is one of them. However, if you don't have experience in Trading, you are more likely to lose. 🤔
So what should you do? 🤔 Don't worry! Gate.io has a Copy Trading feature. Copy Trading allows you to follow experienced Traders and copy their Trades. Compared to trading on your own, it is less risky and gives you a higher chance of making a profit. 📈
The advantages of Copy Trading are:
* Saves time ⏰
* You can do it even with little knowledge 📚
* You get to

A 23-year-old youth from Brooklyn impersonated a Coinbase employee and defrauded over 100 users out of $16 million worth of crypto.
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Ronald Spektor, active under the name lolimfeelingevil, impersonated a Coinbase employee and contacted users through phone calls and emails. He deceived them by claiming that their accounts were being hacked and prompted them to quickly transfer money into his new wallet.
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Actually, those wallets are controlled by Spektor himself, and as soon as users transferred money, he took it all away. It seems that he scammed up to $1 million from just one person. Some