Phishing, frauds, and more

Crypto scams come in various forms, with some of the most common being phishing, frauds, and Ponzi schemes. Phishing scams trick individuals into revealing their private keys or login credentials through fake websites or emails that appear legitimate.

Fraudulent schemes often promise high returns on investments but are designed to steal your funds. Ponzi schemes lure investors with the promise of high returns, paying initial investors with the capital of newer investors until the scheme collapses.

Other scams include fake Initial Coin Offerings (ICOs) and social engineering attacks, where scammers manipulate victims into giving up their information. Being aware of these scams and understanding their methods can help you avoid falling victim.

To learn more about common scams, read our support article.