Social media giveaways are a popular marketing strategy, offering prizes that range from small items like grocery store gift vouchers to significant rewards such as a new Lamborghini or millions of dollars in cryptocurrency.
Here is the process how Crypto Giveaway Scams works:
- Creating a fake social media account and website
- Announcing the sham giveaway
- Asking for crypto or personal information
- The fallout
đBeware: not all giveaways are genuine.
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