10 Ways Scammers Target Cryptocurrency Investors

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Phishing Emails and Websites: Scammers create fake emails or websites that look like legitimate cryptocurrency platforms to steal login details.

Fake Cryptocurrency Exchanges: Setting up fraudulent exchanges to trick users into depositing their funds, which are then stolen.

Ponzi and pyramid schemes: Scammers promise high returns to investors but use new funds to pay earlier investors, eventually collapsing.

Ponzi and pyramid schemes: Scammers promise high returns to investors but use new funds to pay earlier investors, eventually collapsing.

Rug Pulls: Developers create a cryptocurrency project, raisea funds, and then disappear with the money, leaving investors with worthless tokens.

Malicious Wallets: Fake wallet apps or websites are set up to steal cryptocurrencies when users transfer their funds.

Social Media Scams: Scammers offer fake giveaways or investments on platforms like Twitter, promising unrealistic returns in exchange for deposits.

SIM Swapping: Scammers take control of a victim’s phone number to reset passwords and gain access to crypto accounts.

Fake ICOs (Initial Coin Offerings): Scammers create counterfeit ICOs, promoting fake coins to attract investments and then disappear with the funds.

Pump and Dump Schemes: Manipulating the price of low-value coins by inflating their value through coordinated buying, then selling off after attracting others to invest.