#CryptoScamSurge

Fraud operations are concerning, as more than 46,000 people have reported losses exceeding one billion US dollars due to these operations since 2021. To protect yourself, it is essential to stay informed and be cautious. Here are some key points to pay attention to¹:

*Types of cryptocurrency frauds:*

- *Ponzi schemes*: These operations rely on the money of new investors to pay previous investors and eventually collapse when new investors disappear.

- *Fake projects*: Fraudsters create fake projects to collect money from investors and then disappear.

- *Hacking attacks*: Hackers breach accounts, wallets, or emails to steal funds.

- *Pump and dump*: Fraudsters artificially inflate the prices of cryptocurrencies and then sell their assets at the inflated price.