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A crypto scam involves fraudulent schemes using cryptocurrencies. Scammers often promise high returns with little to no risk. They lure victims with guarantees of quick profits and exclusive investment opportunities. Scammers use tactics like fake websites, phishing emails, and social media ads. They create a sense of urgency to pressure people into making quick decisions. They may impersonate well-known figures or companies to gain trust. Victims are asked to transfer cryptocurrencies to a digital wallet. Once the transfer is made, the scammer disappears, making it impossible to recover the funds. Many of these scams target individuals new to cryptocurrency investing.