Cryptocurrency scams — what they are and how to avoid them | #socialmedia


The world of cryptocurrency is growing rapidly — and cryptocurrency scams are following close behind. In fact, scammers ran away with $14 billion in crypto in 2021, and victims saw a 79% increase in losses from cryptocurrency crime, including scams and theft, over the previous year.  

Michela Menting, digital security research director at global technology intelligence firm ABI Research, said there are two main types of cryptocurrency scams: one is a traditional scam that demands payment in cryptocurrency, and the other is a crypto-specific fake investment or venture.  



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