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These Crypto Scams are Becoming More Sophisticated
A brief lapse in concentration, and you’re in trouble.
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Phishing, Ponzi schemes, giveaways, and the classic pump-and-dump are among the most common scams in crypto and other sectors.
While many of these are more obvious than others, malicious actors are becoming more sophisticated over time.
According to Chainalysis, APPs are one of the biggest threats aimed at financial institutions.
More than $10 billion of crypto is lost annually due to these elaborate scams. Updated data from the US Federal Trade Commission shows that this figure increased to $12.5 billion in 2024.
Specifically for the USA, the FBI’s Cryptocurrency Fraud Report 2023 reported that Americans lost $5.6 billion to crypto scams.
Today, we’ll cover some increasingly popular and more advanced schemes defrauding crypto investors.
