Crypto Investment: Scams, Prevention and Resolution🆘

Crypto Investment: Scams, Prevention, and Resolution 1. Types of Probable Scams 1. Phishing Scams Description: Fraudulent emails, websites, or messages trick investors into sharing private keys or wallet credentials. Prevention: Avoid clicking on suspicious links. Use official platforms or apps. Enable two-factor authentication (2FA). Resolution: Report the scam to the crypto exchange and law enforcement. Change wallet credentials immediately. 2. Ponzi or Pyramid Schemes Description: Promises of high returns by recruiting more investors, without real investments. Prevention: Be skeptical of guaranteed high returns. Verify the platform’s legitimacy through audits and reviews. Resolution: Stop further investments. Inform affected individuals to prevent further losses.