#CryptoScamSurge The CryptoScamSurge describes the alarming growth of scams in the crypto ecosystem, often in parallel with the market boom. Criminals exploit the euphoria and misinformation.
How do they use them? Through phishing (fake emails or messages to steal credentials), "rug pulls" (creating a project to steal funds and disappear), false promises of investment with unrealistically high returns, and impersonating legitimate figures or companies (such as fake "giveaways"). They use social media, direct messages, and fraudulent websites to attract victims.
How to prevent? Research any project thoroughly before investing. Be wary of promises of quick and guaranteed profits. Verify the authenticity of sources (official websites, verified accounts). Enable two-factor authentication (2FA) on all your accounts. Educate your acquaintances and report suspicious activities. Remember: if it seems too good to be true, it probably is.
