Swiftinvests.org

Crypto exchange scams are deceptive practices that trick individuals into giving their money or personal information. These scams often appear as legitimate online currency exchange platforms. But instead of providing the promised services, they steal your funds or data. One common type of scam is the "pump and dump." Here, scammers artificially inflate a cryptocurrency's price by spreading false or misleading information. Once the price rises, they sell off their shares, causing the value to plummet. Investors who bought in at the inflated price then lose their money. Another prevalent scam is phishing. Scammers send fake emails or text messages impersonating a crypto exchange. They trick recipients into clicking links that lead to fake websites. Once there, individuals are encouraged to enter their login details, which the scammers then steal. To avoid falling victim to these scams, always double-check the source of any communication. Be wary of deals that seem too good to be true. And never share your personal information or login details without verifying the authenticity of the request. Crypto exchange scams are real, and the key to avoiding them is remaining vigilant and informed.