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A crypto scam often involves false promises of high returns on investments. Scammers lure victims with guarantees of quick profits. They may claim insider knowledge or advanced trading algorithms. These fraudsters frequently use fake websites or social media profiles. They impersonate well-known figures in the cryptocurrency world. They might also create fake endorsements or testimonials. Scammers often ask for upfront payments. They may request personal information or access to digital wallets. Once they receive the money, they disappear. Victims find it difficult to trace or recover their funds. Many scams use urgency to pressure individuals. They create a sense of missing out on a lucrative opportunity. This tactic makes people act quickly without proper research.