thank you for the information for me who just joined the crypto
avivi4036
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#StaySAFU Here are some types of **scams** that often occur in the **crypto** world:
### 1. **Rug Pull**
A scam where developers create a crypto project (usually a DeFi token or NFT), collect funds from investors, and then run away with the money without completing the project.
**Characteristics:**
- Anonymous developer
- No audit on the smart contract
- Promises of high returns in a short time
### 2. **Phishing**
Scammers pretend to be a trusted party (such as a crypto exchange or wallet) to steal personal information like private keys or seed phrases.
**Characteristics:**
- Fake website that resembles the original
- Fake emails with malicious links
- Requests for login or input of seed phrases
### 3. **Pump and Dump**
Groups or individuals intentionally inflate the price of a coin through excessive promotion (pump), then sell all their coins when the price is high (dump), leaving other investors at a loss.
**Characteristics:**
- Unknown coins suddenly rise drastically
- Massive promotions on social media
- No strong fundamentals
### 4. **Ponzi Scheme**
A scheme where the promised returns to older investors come from the money of new investors, not from actual investment profits.
**Characteristics:**
- Promises of fixed and high profits
- Must recruit others to join
- No real or clear product
### 5. **Fake Giveaways**
A scam claiming you can get free crypto by sending a certain amount of coins first.
**Characteristics:**
- Usually conducted on social media
- Fake accounts impersonating famous figures (e.g., Elon Musk)
- “Send 0.1 ETH, get 1 ETH back”
### 6. **Impersonation Scam**
Scammers impersonate customer support or crypto figures to gain access to users' accounts or wallets.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.