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Crypto scams are prevalent in the digital world. They involve fraudulent schemes to deceive people into investing in cryptocurrency. Scammers often promise high returns and minimal risks, which is a red flag. These scams can take many forms. One common type is the Ponzi scheme. Here, returns for older investors are paid using funds from new investors. Another method is phishing. Scammers trick people into revealing sensitive information. They then use this information for fraudulent transactions. Lastly, there's the fake ICO (Initial Coin Offering). Scammers create a fake cryptocurrency and persuade people to invest. Once they have collected enough money, they disappear. Remember, if it sounds too good to be true, it probably is. Always do your research before investing in cryptocurrency.