5 Cryptocurrency Scams You Should Know:
**1. Identity fraud (Phishing):**
It relies on creating fake websites or sending fake emails claiming to be from a particular exchange or digital wallet. These messages are designed to make them appear authentic, with the aim of hacking users' data and stealing their digital currencies.
**2. Investment Scams:**
These operations involve false promises of achieving high returns on investment in certain projects. Deceptive marketing is used to attract investors, before the project or cryptocurrency disappears along with the funds.
**3. Scam Bots:**
Bots use social media platforms and messaging applications to spread messages promising investment opportunities. Behind these messages lie fraudulent intentions, asking users to provide personal or monetary information.
**4. Mining Scams:**
These operations include selling fake mining equipment or fake mining contracts at inflated prices. Investors are promised returns on their investments, but in the end find themselves without any profit.
**5. Fake Exchanges:**
Fake cryptocurrency platforms appear as cryptocurrency exchange sites and apps, but in reality they aim to steal users' data or money.
