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#CryptoScamSurge Fraud operations are concerning, as over 46,000 people have reported losses exceeding one billion US dollars due to these operations since 2021. To protect yourself, it is essential to stay informed and exercise caution. Here are some key points to pay attention to¹:
*Types of cryptocurrency frauds:*
- *Ponzi schemes*: These operations rely on the funds of new investors to pay earlier investors, and eventually collapse when new investors disappear.
- *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 cryptocurrency prices and then sell their assets at the inflated price.
*Types of cryptocurrency frauds:*
- *Ponzi schemes*: These operations rely on the funds of new investors to pay earlier investors, and eventually collapse when new investors disappear.
- *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 cryptocurrency prices and then sell their assets at the inflated price.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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