How do Crypto Scammers Steal Money

[Jojo]

Crypto scammers steal money through various tactics such as phishing, Ponzi schemes, and fake ICOs. They create fraudulent websites or emails resembling legitimate platforms to trick users into revealing sensitive information like private keys or passwords. For instance, fake ICOs promise high returns but vanish after collecting funds. Ponzi schemes use new investors' money to pay returns to earlier investors, collapsing when new investments dry up.