How do Crypto Scammers Steal Money

[BigBull]

Crypto scammers steal money through phishing, Ponzi schemes, and fake exchanges. For instance, phishing sites mimic legitimate ones to steal private keys. Ponzi schemes promise high returns, paying earlier investors with new funds until collapsing. Fake exchanges entice users to deposit funds, then vanish. Notable examples include the BitConnect scam and phishing attacks targeting Binance users. Vigilance and education are crucial for protection.