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5. Romance Scams. Cryptocurrency romance scams have become a prevalent form of deception where fraudsters forge romantic ties to trick individuals into giving up their crypto assets.
Scammers impersonate legitimate cryptocurrency platforms or services to trick you into providing sensitive information such as private keys or login credentials.
Investment and Cryptocurrency Scams With investment and cryptocurrency scams, fraudsters lure victims with promises of high returns on investments, often involving cryptocurrencies.
A pig butchering scam (in Chinese sha zhu pan [2] or shazhupan, [3] (Chinese: ĉçŞç), translated as killing pig game) [1] is a type of long-term scam and investment fraud in which the victim is gradually lured into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent cryptocurrency scheme.
Some scammers target dating apps with fake profiles. [164] In early 2022, the Beanstalk cryptocurrency was stripped of its reserves, which were valued at more than US$180 million, after attackers had managed to use borrowed US$80 million in cryptocurrency to buy enough voting rights to transfer the reserves to their own accounts outside the ...
It is believed the fake adverts are ... latest scams were designed to look like news articles that claimed the reader could make large sums of money through a cryptocurrency service called NovusX ...
Marketed as a "play-to-earn cryptocurrency," it garnered immense attention and witnessed a meteoric rise in its price, surging by thousands of percentage points. [ 1 ] The creators of Squid Coin presented it as a revolutionary opportunity for investors to participate in an upcoming fan-made online game inspired by the Netflix series Squid Game ...
In July, another Northville Township woman in her 50s lost $50,000 in cash and another $50,000 in bitcoin in a scam that began with email phishing and a fake overpayment into a PayPal account.