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1. People also ask

   How do crypto scams work?

   • Once the investor transfers crypto to the platform, the scammers continue to build trust by publishing false high returns on the platform, allowing them to withdraw and use funds, and encouraging more investment. Once the investor reaches a certain point, the scammer locks the account and asks for taxes or fees.

   Cryptocurrency Scams: How to Spot, Report, and Avoid Them - Investop…

   www.investopedia.com/articles/forex/042315/beware-these-five-bitcoin-scams.asp

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   Are cryptocurrencies a scam?

   • Only scammers demand payment in cryptocurrency. No legitimate business is going to demand you send cryptocurrency in advance – not to buy something, and not to protect your money. That’s always a scam. Only scammers will guarantee profits or big returns. Don’t trust people who promise you can quickly and easily make money in the crypto markets.

   What To Know About Cryptocurrency and Scams | Consumer Advice

   consumer.ftc.gov/articles/what-know-about-cryptocurrency-and-scams

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   What are the most common crypto scams?

   • These scams can take several forms. One of the most common involves the scammer reaching out to users in crypto communities via social media or instant messaging, alleging to represent a certain platform (e.g., a crypto exchange, crypto mining enterprise, or new coin project).

   7 Common Crypto Scams and How to Avoid Them

   crypto.com/university/how-to-avoid-crypto-scams/

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   What are crypto phishing scams?

   • Within the cryptocurrency industry, phishing scams target people using crypto software wallets. Specifically, scammers need a crypto wallet's private keys—a string of letters and numbers that act like a password and are required to access cryptocurrency. Phishing scams are the most common attacks on consumers.

   Cryptocurrency Scams: How to Spot, Report, and Avoid Them - Investop…

   www.investopedia.com/articles/forex/042315/beware-these-five-bitcoin-scams.asp

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   Are crypto scams a good idea?

   • “As an instrument, crypto scams are particularly appealing to nefarious agents who enjoy cryptocurrency’s swift conversion to fiat money, ready-to-use third-party transaction applications and rich obfuscation techniques,” says Chengqi “John” Guo, professor of computing information systems and business analytics at James Madison University.

   5 Crypto Scams To Watch Out For – Forbes Advisor

   www.forbes.com/advisor/investing/cryptocurrency/top-crypto-scams/

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   What happens if a cryptocurrency investor is scammed?

   • Once the investor reaches a certain point, the scammer locks the account and asks for taxes or fees. Once those are paid, they take the cryptocurrency and shut down the platform. In 2023, a reported $3.9 billion was lost to crypto investing fraud.

   Cryptocurrency Scams: How to Spot, Report, and Avoid Them - Investop…

   www.investopedia.com/articles/forex/042315/beware-these-five-bitcoin-scams.asp

   See all results for this question

2. www.fca.org.uk › consumers › crypto-investment-scamsCrypto investment scams | FCA - Financial Conduct Authority

   www.fca.org.uk › consumers › crypto-investment-scams

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   Oct 9, 2023 · Find out how crypto investment scams work, how to avoid them and what to do if you’re scammed.

3. www.coindesk.com › learn › 6-kinds-of-crypto-scams6 Kinds of Crypto Scams and How to Avoid Them - CoinDesk

   www.coindesk.com › learn › 6-kinds-of-crypto-scams

   • Cached

   Jan 18, 2023 · In this article we’ve rounded up the most common scams to explain what they are and how to identify them so you can protect your wealth. 1. Bitcoin scams. Bitcoin scams are nearly as old as ...

   • Email: toby.bochan@coindesk.com

   • Occupation: Managing Editor, Web3 & Learn at Coindesk

4. Top stories

   • 

     MrBeast Accused of Massive Crypto Fraud

     Analyze This In an incredibly detailed new investigation, a group of digital sleuths have accused YouTuber Jimmy "MrBeast" Donaldson of getting crypto-rich from several scams ...

     Futurism via Yahoo

     13 hours ago

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     PA Media: Money via Yahoo

     What is cryptocurrency, how does it work – and what’s the point?

     5 days ago

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     Daily Mail

     Crime reporter reveals the scam text messages that should be ignored

     3 days ago

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     Reuters

     US crypto industry expects friendlier Washington, whoever wins White House

     2 days ago

   • The Hill via Yahoo

     Where do Harris and Trump stand on tech policy?

     2 days ago

   • Forbes

     The Alarming ‘Pig Butchering’ Cyber Scam Costing Victims Billions—Are You At Risk?

     A rapidly growing scam known as “pig butchering” has been targeting consumers, luring them into fake investment schemes through trusted online relationships. With scammers ...

     2 days ago

   View all

5. www.investopedia.com › articles › forexCryptocurrency Scams: How to Spot, Report, and Avoid Them

   www.investopedia.com › articles › forex

   • Cached

   • Types of Cryptocurrency Scams
   • How to Spot Cryptocurrency Scams
   • How to Avoid Scams
   • How to Report Scams
   • The Bottom Line

   Generally speaking, cryptocurrency scams fall into two categories: 1. Initiatives aiming to obtain access to a target’s digital wallet or authentication credentials. This means scammers try to get information that gives them access to a digital wallet or other types of private information, such as security codes. In some cases, it can include acces...

   See full list on investopedia.com

   Cryptocurrency scams are easy to spot when you know what to look for. Legitimate cryptocurrencies have readily available disclosures with detailed information about the blockchainand associated tokens.

   See full list on investopedia.com

   There are several actions you can take to steer clear of being scammed. Never click on links, dial a phone number, contact someone who reaches out about financial issues, or send them money. Also: 1. Ignore requests to give out your private cryptocurrency keys. Those keys control your crypto and wallet access, and no one needs them for a legitimate...

   See full list on investopedia.com

   Several organizations can help you if you’re a victim of a cryptocurrency scam or suspect one. Use their online complaint forms to seek help: 1. FTC fraud report 2. Commodity Futures Trading Commission complaints and tips 3. Securities and Exchange Commission fraud reporting 4. FBI Internet Crime Complaint Center complaint You can also directly con...

   See full list on investopedia.com

   For many people, the mad rush into cryptocurrencies has evoked a sense of the Wild West or Gold Rush eras, when it was believed there were limitless possibilities for enrichment. Yet, anyone who's studied these periods knows that many, if not most, speculators lost it all while trying to strike it rich. As the crypto ecosystem gains scale and compl...

   See full list on investopedia.com

6. Videos

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     theconversation.com

     How cryptocurrency scams work

     31 Dec 2008

   • 

     19:55

     youtube.com

     How to make your own cryptocurrency scam

     22 Apr 2021

     665.1K views

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     8:55

     youtube.com

     3 Crypto Scams YOU WILL Fall For & How To Avoid

     27 Feb 2023

     285.1K views

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7. crypto.com › university › how-to-avoid-crypto-scams7 Common Crypto Scams and How to Avoid Them

   crypto.com › university › how-to-avoid-crypto-scams

   • Cached

   Sep 4, 2022 · In this article, we discuss seven common scams, how they work, and precautionary measures you can take to protect yourself. Key Takeaways: Investment/‘Get Rich Quick’ scams can involve messaging victims on social media with free crypto advice; Phishing scams reach a user’s inbox with malicious links

8. consumer.ftc.gov › articles › what-know-about-cryptoWhat To Know About Cryptocurrency and Scams | Consumer Advice

   consumer.ftc.gov › articles › what-know-about-crypto

   • Cached

   How To Avoid Cryptocurrency Scams. Scammers are always finding new ways to steal your money using cryptocurrency. To steer clear of a crypto con, here are some things to know. Only scammers demand payment in cryptocurrency.

9. time.com › 6162350 › crypto-scams-online-crime-boomUnderstanding Crypto Scams and How to Outsmart Them | TIME

   time.com › 6162350 › crypto-scams-online-crime-boom

   • Cached

   Mar 29, 2022 · Romance scams, investment scams, digital wallet hacks, pyramid schemes, ransomware attacks, and even digital art thefts—the methods may be different, but wherever you find a cybercrime victim,...

10. www.forbes.com › cryptocurrency › top-crypto-scams5 Crypto Scams To Watch Out For – Forbes Advisor

    www.forbes.com › cryptocurrency › top-crypto-scams

    • Cached

    May 10, 2024 · Crypto scammers use many of the same tactics employed in other financial crimes, such as pump-and-dump scams that lure investors to purchase an asset with fake claims about its value or...