#AmericaAIActionPlan

Fraudulent activities are concerning, as more than 46,000 people have reported losses exceeding one billion US dollars due to these activities 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 fraud:*

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

- *Fake projects*: Scammers create fake projects to raise money from investors and then disappear.

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

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