24 Ways Cryptocurrency Investors Are Targeted by Cybercriminals—Wallets Drained at Record Speed. Be cautious of the links or pages you enter; scammers always try to steal this way.
The DFPI warns about various types of investment fraud that prey on both new and experienced investors. These include Advance Fee Scams, where victims pay upfront for promised services or returns that never materialize, and Affinity Scams, which exploit trust within specific cultural or religious communities. AI Investment Scams falsely claim to use artificial intelligence for high returns, while Asset Recovery Scams charge victims fees to recover lost funds but never deliver. Bait and Switch Scams deceive buyers by advertising one product but delivering something different or worthless, and Bitcoin Mining Scams trick victims into investing in fake mining operations.
Scammers also use Crypto Blackmail Scams, where they threaten to release personal information unless paid in cryptocurrencies, and Crypto Gambling Scams, which involve fake play-to-win games designed to steal users' funds. Other schemes include Crypto Job Scams, which mimic recruiters to steal assets, and Crypto Wallet Drainer Attacks, where malicious websites trick users into exposing their wallets. Additionally, Fraudulent Trading Platforms appear legitimate but are designed to steal deposits. Hacking is also a significant threat, with scammers exploiting computer systems to steal sensitive financial information.
