#CryptoScamSurge A crypto scam is a fraudulent scheme that uses cryptocurrencies or blockchain-based assets to steal money or sensitive information from victims. These scams are widespread due to the anonymous, fast-moving nature of crypto and limited regulation in many areas.

⚠️ Common Types of Crypto Scams:

1. Phishing Scams

Fake websites or emails impersonating exchanges or wallets.

Goal: Steal your private keys, seed phrase, or login details.

2. Ponzi & Pyramid Schemes

Promise high returns with little risk.

Early investors are paid with new investors' money (e.g., BitConnect).

3. Rug Pulls

A new token or project gains hype; the developers then drain the liquidity pool and disappear.

4. Pump and Dump Groups

Telegram or Discord groups artificially inflate token prices, then sell off, crashing the price.

5. Impersonation Scams

Fake profiles of influencers (like Elon Musk) promise giveaways or doubling your crypto.

6