6. Pump and Dump Schemes

• Scammers manipulate the price of a certain cryptocurrency by buying large amounts, causing its price to rise, then selling quickly, leading to a price drop and losses for investors.

• Translation: Scammers manipulate the price of a particular cryptocurrency by buying large amounts, which drives up its price. Then, they sell quickly, causing the price to drop and resulting in losses for investors.

7. Scam Bots

• Some use trading bots that claim to enable quick profits from trading, but in reality, they aim to steal users’ funds.

• Translation: Some use trading bots that claim to allow for quick profits from trading, but in reality, they aim to steal users’ funds.

These are some methods used by scammers in the cryptocurrency field. It is essential to be cautious of these schemes and to protect personal financial information.