• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Top 5 scam schemes in cryptocurrencies

Top 5 scam schemes in cryptocurrencies

user avatar

by Alexandra Smirnova

a year ago


There are many ways scammers can try to steal cryptocurrency from wallets. One such method is through scam schemes.

Scam is a fraudulent scheme used to deceive people in order to obtain their personal data or money. In the context of cryptocurrency, it can include fake ICOs (Initial Coin Offering), fake wallets, phishing attacks, and much more.

The most common scam schemes include:

  • Phishing attacks: scammers can create fake websites, emails, or social media accounts that mimic official cryptocurrency exchange or wallet platforms. They may ask users to enter their personal information, such as login and password, and then use this information to access their wallets and steal cryptocurrency.
  • Ponzi schemes: swindlers deceive users by promising quick and easy wealth through participation in a Ponzi scheme, where they need to contribute cryptocurrency and attract new participants. However, these schemes are ultimately doomed to fail, and participants lose their savings.
  • Fraud with ICOs: they embody fictitious ICO projects, deceiving users and obtaining investments from them in exchange for unreliable or worthless tokens.
  • Viruses and malware: use viruses and other malware to take over accounts and passwords for cryptocurrency wallets.
  • Hacking scams: scammers may try to deceive users by claiming that their wallets have been hacked and ask them to provide their seed phrase to "recover" the stolen cryptocurrencies. However, in reality, scammers are just trying to steal data and money from users.

To avoid these schemes, it is necessary to use only reliable wallets and exchanges, not share personal data and passwords with third parties, and it is recommended to use two-factor authentication.

If you suspect that your cryptocurrency has been stolen, immediately contact the support of the wallet or exchange where you stored your cryptocurrency to take steps to regain access to your account and recover the stolen funds.

0

Share

Other articles

MonkeTap — A Blockchain Clicker Game on TON via Telegram

An overview of MonkeTap — a popular blockchain clicker game on Telegram featuring simple gameplay, a referral system, and earning opportunities through the TON blockchain.

user avatarElena Ryabokon

11 hours ago

Planck Network: A Revolution in AI Cloud Computing using Blockchain

The Planck Network offers a decentralized platform for creating and deploying AI models, combining blockchain and cloud technologies to ensure the availability, security and scalability of computing.

user avatarMax Nevskyi

14 hours ago

Consensus Value Creation is an innovative platform for Web3 and digital philanthropy​

The CVC project is an innovative Web3 platform combining investment and social responsibility. Under the leadership of Jake Park, she creates the value of digital content and supports sustainable development.

user avatarMax Nevskyi

18 hours ago

Bitdeer — Cloud Mining, Data Centers, and AI Solutions for Blockchain

An overview of Bitdeer — a leading provider of cloud mining, data center management, and AI solutions in the blockchain ecosystem. Services, infrastructure, and innovation.

user avatarElena Ryabokon

19 hours ago

Tally — Multichain DAO Platform for Token Launch and On-Chain Governance

Tally is a multichain platform for DAO governance, enabling token launches, staking, delegation, and API integration. Explore its tools and architecture.

user avatarElena Ryabokon

a day ago

Reimagining Digital Trust: How Sign Protocol Powers Secure Attestations

Sign Protocol is an omnichain platform for decentralized data attestation, enabling verifiable trust and transparency across blockchain ecosystems without intermediaries.

user avatarElena Ryabokon

a day ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.