#CryptoScamSurge Crypto scams have surged dramatically in recent years, fueled by the rapid growth of digital assets and lack of regulation. Fraudsters exploit investor enthusiasm, often using fake websites, phishing schemes, and impersonated influencers to lure victims. Rug pulls and pump-and-dump schemes have become increasingly common, especially in decentralized finance (DeFi) and NFT markets. Social media plays a key role in spreading scams quickly, with promises of unrealistic returns. Authorities worldwide are issuing warnings, but many users still fall prey due to limited understanding of crypto technology. Increased education, vigilance, and stronger oversight are essential to curb the rising tide of crypto-related fraud.
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