crypto scams on the rise, experts warn about giveaways, ponzi schemes, fake apps, and phishing. binance academy highlights how the liquidity of crypto makes it attractive for criminals. scammers lure victims with fake giveaways on x (twitter) and facebook, asking for bnb, btc, or eth first - a clear red flag. ponzi and pyramid schemes promise high returns but collapse when new money stops coming. fake mobile apps masquerade as major exchanges, stealing funds once installed. phishing attacks on telegram impersonate support, demanding seed phrases - never share them. avoid public wifi, use vpn, verify official apps and accounts, and research projects before investing. crypto remains lucrative for fraudsters, but vigilance can protect users.
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