#CryptoScamSurge Crypto scams are on the rise, and recent cases highlight the importance of vigilance. A recent lawsuit accuses cryptocurrency entrepreneurs Benjamin Chow and Hayden Davis of orchestrating a pump-and-dump scheme involving multiple tokens, including $MELANIA, which leveraged Melania Trump's image without her involvement. This scheme allegedly left investors with significant losses.¹

In another instance, a Karnataka man lost over #Rs 2 lakh in a cryptocurrency investment scam after connecting with a woman named Isha Singh on a dating app. She convinced him to invest in cryptocurrency trading, initially showing profits, but he couldn't withdraw his money later.²

To avoid such scams:

- *Be cautious of*:

- *Unregistered investments*: Verify if the investment is registered with regulatory bodies.

- *Guaranteed returns*: Be wary of investments promising unusually high returns.

- *Pressure to invest quickly*: Take time to research before investing.

- *Research thoroughly*: Understand the investment and the company.

- *Monitor accounts*: Keep track of your account details and transactions.