#CryptoScamSurge

Fraudulent schemes are concerning, with more than 46,000 individuals reporting losses exceeding one billion US dollars due to these schemes since 2021. To protect yourself, it's essential to stay informed and exercise caution. Here are some key points to be aware of¹:

*Types of cryptocurrency frauds:*

- *Ponzi schemes*: These schemes rely on the money from new investors to pay earlier investors, ultimately collapsing when new investors stop coming in.

- *Fake projects*: Scammers create fake projects to collect money from investors and then disappear.

- *Hacking attacks*: Hackers breach accounts, wallets, or emails to steal funds.

- *Pump and dump*: Scammers artificially inflate the prices of cryptocurrencies and then sell their assets at the inflated price.