Fraud operations are concerning, with over 46,000 people reporting losses exceeding one billion US dollars due to these operations since 2021. To protect yourself, it is essential to stay informed and exercise caution. 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, eventually collapsing when new investors disappear.

- *Fake projects*: Fraudsters create fake projects to raise money from investors and then vanish.

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

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