A crypto scam is a fraudulent scheme that tricks people into investing or sending cryptocurrency, only to steal their funds. Scammers often pose as trusted individuals or companies, promising high returns with little risk. Common tactics include fake investment platforms, phishing websites, social media impersonations, and giveaway scams. Victims are lured by urgency, fake testimonials, or promises of doubling their money. Once funds are sent, they’re usually impossible to recover due to crypto’s anonymous nature. These scams are increasing as interest in digital currency grows. It’s vital to verify sources, avoid sharing private keys, and never trust offers that seem too good to be true. Always research before investing.
