#CryptoScamSurge Cryptocurrency scams have been on a significant rise, particularly during periods of increased market volatility and investor interest. These scams exploit various tactics, including psychological manipulation, social engineering, artificial intelligence, and fake online platforms, to deceive individuals into giving away their cryptocurrency or personal information.

Notable types of crypto scams

Phishing scams: Scammers create fake websites or emails that mimic legitimate crypto platforms to steal login credentials and private keys.

Investment scams: These scams promise high, often guaranteed, returns with little risk, luring victims into investing in fraudulent projects or schemes.

Pig Butchering Scams (Romance Scams): Scammers build trust with victims over time, often through dating apps or social media, before convincing them to invest in fraudulent crypto schemes, eventually stealing their funds.

Fake Exchanges & Wallets: Scammers create platforms that appear to be legitimate exchanges or wallets, but upon depositing funds, victims find they cannot withdraw them, and the site eventually disappears.