What are the common scam tactics used in the cryptocurrency industry?

1 answers

• Dec 26, 2021 · 3 years ago
  Scammers often use various tactics to deceive individuals in the cryptocurrency industry. One common tactic is phishing, where scammers create fake websites or send emails to trick users into revealing their private keys or login credentials. Another tactic is the Ponzi scheme, where scammers promise high returns on investment to attract new investors. Fake initial coin offerings (ICOs) and pump and dump schemes are also prevalent in the industry. It's important to stay vigilant and conduct thorough research before investing in any cryptocurrency project or opportunity.
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