How do Crypto Scammers Steal Money

[InvestmentGuru]

Between 2021-2023 more than $1 billion was swiped by crypto scammers from around 46,000 people in different countries. To steer clear of these scams, you should know how these tricky scammers try to snatch your crypto money.

1. Impersonation: Scammers pretend to be famous people on social media by creating fake accounts. They repost the celeb's stuff to trick you into investing in fake projects.
   
2. Romance scams: Scammers use dating apps to get close to people. Once they've built a connection, they spin stories about money troubles. Because crypto addresses are anonymous, they can vanish without a trace.
   
3. Business scams: Scammers call business owners, pretending to verify purchases or posing as a Credit Card Company or bank. Their goal is to trick you into giving away your financial details.
   
4. P2P trading: Peer-to-Peer trading is another way scammers can trick people.
   

To avoid getting scammed, the best rule is to trust nobody online and never share your financial info without double-checking on your own.