In cryptocurrency scams, criminals attempt to deceive victims into sending cryptocurrency or personal information. In Investment/Trading schemes: Scammers promise high returns on investments, using funds from new investors to pay existing ones until the scheme collapses. Ransomware encrypts a victim’s files and demands digital currency in exchange for decryption. If the victim does not pay, the criminals may destroy the files or hold them as ransom. By being aware of these scams and vigilant with cryptocurrency, you can avoid falling victim to them.
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