Cryptocurrency scams come in various forms, and knowing how to recognize and avoid them is crucial for protecting your assets. Phishing scams, for instance, trick individuals into revealing sensitive information by creating fake websites or sending fraudulent emails that look legitimate. To safeguard against these attacks, it’s important to verify website URLs, avoid clicking on suspicious links, and use strong security measures like two-factor authentication. Ponzi schemes and fake Initial Coin Offerings (ICOs) are also prevalent, promising high returns with little risk. Conduct thorough research, verify the legitimacy of projects, and be skeptical of offers that seem too good to be true.
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