

Hackers and scammers use several unscrupulous tactics to steal from innocent and gullible victims.
Listed below are the most common types of cryptocurrency scams:
Con artists either hack or buy the personal data of individuals from dark webs and target them. They will play with their victims' emotions to reveal their crypto wallet addresses by sending them texts and messages on their messaging platforms or social media platforms.
Scammers will make a fake promise of making huge returns on investments with no risk involved. Money from recruitment is used to pay old investors. The scheme remains afloat as long as there is a steady supply of recruits. Once the flow of recruits stops, scammers run away with the collected cryptocurrency.
Similar to Ponzi schemes, scammers will entice their victims into recruiting members for bonuses and other privileges.
Scammers will select a certain crypto that is cheap and relatively unheard of. They will buy in huge quantities and promote the same cryptocurrency to their target audience. Once the price of that cryptocurrency is sufficiently appreciated, these scammers will sell off their holdings, leaving their audience with worthless crypto while they make substantial profits.
Trading bots are a reality, but they are expensive to buy. Scammers will make a fake promise of making substantial profits by selling these untested, dubious trading bots at competitive prices.
Scammers will instill fear in their victims by impersonating an authority figure. They will demand payments in cryptocurrencies, and failing to do so, their victims may face dire consequences.
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You can find several useful articles, blogs, research documents, and crypto communities that will help you understand and choose a cryptocurrency. However, you should do your own research before committing to any cryptocurrencies.
Avoid storing your crypto holdings online, as they can be targeted by hackers and scammers. Invest in a good cold crypto wallet that has multiple authentication factors while accessing it.
Dissociate from the scammer. Get in touch with the crypto exchange where you have your account and notify them regarding the scam; this should put a freeze on your crypto account. Document all the actions and conversations between you and the scammer. Inform the local law enforcement agency.
It all depends on various factors; acting quickly and seeking professional help are some of the few factors for recovering your cryptos.