P2P SCAMS
🧠 Social Engineering Attacks
Social engineering tactics have been employed to manipulate victims into divulging sensitive information or transferring funds. In May 2024, a social engineering attack on a major P2P platform's customer support team compromised 5,000 user accounts. Such attacks exploit human psychology, making them particularly effective and dangerous.
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🧑🏫 Targeting Young Investors with Meme Coins
Self-proclaimed "crypto gurus" have targeted teenagers and young investors through social media platforms like TikTok and Instagram. They promote meme coins with promises of high returns, only to execute "rug pulls" by selling off their holdings at peak prices, causing the coin's value to plummet. Notable figures like Sahil Arora have profited from