When it comes to cryptocurrency investment scams, there are a few common methods scammers use to deceive people: 1. Phishing: Scammers may send fake emails or create fraudulent websites that mimic legitimate cryptocurrency exchanges or wallets. They trick people into providing their login credentials or private keys, giving scammers access to their funds. 2. Ponzi Schemes: These scams promise high returns on investment, often through referral programs. However, the returns are paid using new investors' money, creating a cycle that eventually collapses, leaving many investors empty-handed. 3. Fake ICOs: Initial Coin Offerings (ICOs) can be a breeding ground for scams. Fraudsters create fake projects, promote them with false promises, and collect funds from unsuspecting investors before disappearing with the money. 4. Pump and Dump: Scammers artificially inflate the price of a low-volume cryptocurrency by spreading false information and then sell their holdings at the peak, causing...
