No matter what the field is, scams and hacking incidents are very common in each online community. Just like that, scams have also rolled the crypto world for more than 15 years. In the scam of 2024 the investors from all around the world lost cryptocurrency that was worth it. 10+ billion dollars. These incidents have made the investors really worried. That’s why they are regularly looking for systems and tips so they can protect yourselves from the scams.
There are different types of crypto currency as well as the scams ringing over them. Although the crypto exchanges and Blockchain are protected and they do not have systems which you can temper with. But there are certain Greek loopholes which enable the tempering with the weaknesses.
When there is money inside of certain peoples pockets, they fraud Ing people make it their goal to keep that money to themselves. And these defrauding things have been really common. The cryptocurrency ecosystem is really good and it has made the scammers with their own tools which they use to scan people out of their crypto currency.
There are many bad doors who are fraud people for their cryptocurrency and taking their money out of their investment pockets and accounts. They leave victims really dumbfounded. Hence the victim keeps on looking for their investment, but they cannot find it anywhere in their account because the defrauders have taken it.
Scams of cryptocurrency
Down below is a list of crypto scams that the defrauders are using right now.
● Ponzi Schemes
● Pump and dumps
● Exit scams
● Phishing
● Recovery scams
Ponzi Schemes
In this scheme D culprit asks the investor to pay upfront for their investing amount. And when the investor falls for this trick, the fraud party takes all of the crypto funds and vanishes into the air.
Pump and dumps
When the scammer temper with the asset values artificially. And then when they gain access to those cryptocurrencies, they sell them at the actual high prices.
Exit scams
They make crypto projects and create hype about them. After creating and misleading the investors these people gain popularity and start to earn profits. After sometime they just finish and the investor keeps on looking for them but they are nowhere to be found.
Phishing
Fake websites and platforms where the users are adding their credentials. Then these bad actors steal everything from the user.
Recovery scams
In this scam, the scamming parties approach the victims and then target all of them to provide their information. Then they scammed us to recover the files for a heavy amount as fees. When the investor pays them they vanish.