Bitcoin investment scams: Scammers pose as investment managers, promise profits, collect upfront fees, and may use fake celebrity endorsements for legitimacy.
Rug pull scams pump up a project or token, collect funds, and disappear. The Squid coin scam, linked to Squid Game, left investors with worthless tokens and scammers with $3 million.
Romance scams on dating apps involve gaining trust in online relationships, persuading the other party to invest in cryptocurrency, and disappearing after receiving the funds. Also known as "pig butchering scams."
Phishing scams use fake emails to steal cryptocurrency info. Stolen private keys require a new wallet. Stay safe by avoiding email links; go to the site directly.
Man-in-the-middle attacks in public spaces can steal sensitive data like passwords and cryptocurrency info. To prevent this, use a virtual private network (VPN) to encrypt data and thwart thieves.
Social media scams promise bitcoin giveaways with fake celebrity endorsements, leading to fraudulent sites. Clicking risks losing payments or personal information and cryptocurrency theft.
Ponzi schemes promise big profits, using new investors' funds to pay earlier ones in a cycle without guaranteed returns or legitimate investments.
Beware of fake crypto exchanges promising returns; investors realize it's a scam after losing deposits. Stick to trusted platforms like Coinbase, Crypto.com, and Cash App, ensuring legitimacy before sharing personal details.
AI scams employ chatbots and deepfakes, deceiving cryptocurrency investors with fake tokens and inflated proof of work. Attackers exploit high-profile faces like Bill Gates, Elon Musk, promising unrealistic returns.