#CryptoScamSurge What Is a Crypto Scam?
A crypto scam is a type of fraud targeting people involved in cryptocurrencies like Bitcoin, Ethereum, etc. Scammers try to steal your money or sensitive information using deceptive tactics.
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👇 Common Types of Crypto Scams:
1. Fake Exchanges:
They look like real crypto trading platforms, but once you deposit money, they disappear.
2. Fake Tokens or Coins:
Scammers promote a new “revolutionary” coin promising huge returns—turns out it's worthless.
3. Social Media Giveaways:
Classic scam: “Send 0.1 BTC and get 1 BTC back!”—Never real.
4. Ponzi or MLM (Multi-Level Marketing):
“Earn 10% daily! Bring friends and earn more!”—These are pyramid schemes.
5. Wallet or dApp Scams:
They trick you into giving your private key or connecting to a malicious app to drain your wallet.
6. Cloud Mining Scams:
They claim to mine crypto for you and give daily profits—usually fake.
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⚠️ Red Flags to Watch For:
Promises of guaranteed profits or high daily returns.
Urgency or time pressure: “Offer ends in 24 hours!”
Fake social proof (fake comments, reviews, or celebrity endorsements).
Asking for your private key or login info.
Lack of transparency or unclear team/project info.