Why there are so many crypto frauds

xuanling11
Coinmonks
Published in
4 min readDec 17, 2022

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Photo by Jelleke Vanooteghem on Unsplash

Crypto fraud refers to the use of cryptocurrency for fraudulent purposes, such as scamming people out of their money or stealing their personal information. Some common types of crypto fraud include:

  1. Ponzi schemes: A type of investment scam in which earlier investors are paid with the money of later investors, rather than with any actual profits.
  2. Phishing attacks: A type of…

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