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A crypto scam is a fraudulent scheme involving cryptocurrencies. Scammers often promise high returns or quick profits. They may use fake websites or apps to trick people into investing. They use tactics like Ponzi schemes, where returns are paid from new investors' funds. Another common trick is pump and dump, where scammers inflate the price of a cryptocurrency and then sell their holdings, causing the price to plummet. Scammers also use phishing, sending fake emails or messages to steal your crypto wallet details. They may impersonate well-known crypto platforms or personalities to gain trust. In some cases, the scammer may even create a fake cryptocurrency. They convince people to buy it, then disappear with the money. This is known as an Initial Coin Offering (ICO) scam.