Phishing Scams: Attackers send emails or messages that appear to be from legitimate cryptocurrency services, tricking users into revealing private keys or login credentials, which are then used to steal funds (Techopedia) (Gate.io).
Rug Pulls: Developers of a cryptocurrency project suddenly withdraw all funds from the project's liquidity pool, leaving investors with worthless tokens. These scams often occur in decentralized finance (DeFi) projects (Techopedia).
Ponzi Schemes: Fraudulent investment schemes that pay returns to earlier investors using the capital from newer investors. These schemes collapse when there are not enough new investors (Techopedia).
Fake Exchanges and Wallets: Fraudsters create fake websites or apps that mimic legitimate cryptocurrency exchanges or wallets to steal users' funds. These platforms may initially allow small withdrawals to build trust before denying larger ones (Techopedia).
Giveaway Scams: Scammers pose as celebrities or reputable figures on social media, promising to multiply the cryptocurrency sent to them. Once the funds are sent, they disappear without a trace (Techopedia) (Gate.io).
Loader or Load-Up Scams: Scammers convince victims to provide access to their cryptocurrency accounts, claiming they need higher limits for transactions and promising a share of the profits, but instead, they drain the accounts (Norton Site).
Fake Apps: Cybercriminals create fake cryptocurrency apps that steal users' credentials or funds once installed. These apps often look very similar to legitimate ones (Norton Site).
Flash Loan Attacks: Scammers exploit vulnerabilities in smart contracts to manipulate the market and profit from unsecured loans, often causing significant financial damage to investors (Norton Site).
Authorized Push Payment (APP) Scams: Scammers trick victims into authorizing cryptocurrency payments to accounts controlled by the fraudsters, often through fake investment opportunities or trading signals (Gate.io).
Fake Crypto Job Listings: Fraudulent job postings lure job seekers into providing personal information or paying for training materials or fees, only for the scammers to disappear once they have the money (Gate.io).
To protect yourself from these scams, always verify the legitimacy of cryptocurrency platforms, avoid unsolicited offers, never share your private keys, and be skeptical of promises that seem too good to be true. Conduct thorough research before investing in any project and use secure, reputable exchanges and wallets.
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