Cryptocurrency Scams

Cryptocurrency scams involve deceptive schemes that exploit the growing interest in digital currencies. Common types include fake initial coin offerings (ICOs), where fraudsters promise high returns on investments in non-existent coins, and phishing attacks targeting users to steal their funds or personal information. Ponzi schemes also mislead investors by paying returns from new investors' money, rather than legitimate profits. These scams often take advantage of the lack of regulation in the crypto space. To protect oneself, it's crucial to conduct thorough research and be cautious about unsolicited offers or unrealistic promises of quick wealth.