Crypto Scams You Need to Avoid This Year

Somatirtha

Phishing scams trick users with fake emails and websites mimicking legitimate crypto platforms.

Pig butchering scams manipulate victims emotionally, convincing them to invest in fake cryptocurrencies.

Fake exchanges lure investors to counterfeit platforms, stealing funds during deposits or trades.

Romance scams exploit relationships to extract money from unsuspecting cryptocurrency enthusiasts.

Airdrop scams promise free tokens but require private keys or upfront payments illegally.

SIM-swap attacks allow hackers to control phones, bypassing two-factor authentication to steal crypto.

Ponzi schemes promise high returns, collapsing when new investments stop, leaving victims defrauded.

Always verify platforms, wallets, and contacts before sending funds to unknown crypto addresses.

Education, caution, and using hardware wallets significantly reduce the risk of falling victim.

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