#CryptoScamSurge

Scams are concerning, as more than 46,000 people have reported losses exceeding one billion US dollars due to these scams since 2021. To protect yourself, it is essential to stay informed and exercise caution. Here are some key points to watch out for¹:

*Types of cryptocurrency scams:*

- *Ponzi schemes*: These scams rely on new investors' money to pay previous investors, eventually collapsing when new investors disappear.

- *Fake projects*: Scammers create fake projects to collect money from investors and then vanish.

- *Hacking attacks*: Hackers breach accounts, wallets, or emails to steal funds.

- *Pump and dump*: Scammers artificially inflate cryptocurrency prices and then sell their assets at the inflated price.