#AirdropGuide
Part #2: Detecting scams in Cryptocurrencies:
Fake bags
Another common crypto scam is the use of fake exchanges, apps, wallets, or other crypto platforms to steal users' funds. In these scams, scammers sometimes create fake websites that often have domain names very similar to the ones they are trying to imitate, making it difficult to tell them apart.
7. Ponzi Schemes
Cryptocurrency Ponzi schemes are fraudulent investment schemes in which early investors are paid using funds from new investors instead of legitimate profits or investments. The scheme collapses when there are not enough new investors to maintain payments, causing substantial financial losses for participants.
8. Gift scams
Gift scams occur when scammers guarantee that they will match or multiply the amount of cryptocurrency sent to them. The goal of these scams is to trick people into sending their funds to the scammers, resulting in financial loss.
9. Rug Pulls
In crypto, withdrawals refer to fraudulent activities in which developers or people associated with a project abruptly and intentionally withdraw liquidity or funds from a decentralized finance (DeFi) project, leaving investors with worthless tokens. or significantly devalued.