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Crypto scams are fraudulent schemes involving cryptocurrencies. Scammers may promise high returns for investments in Bitcoin or other digital currencies. These promises often sound too good to be true. Scammers often use online platforms to reach potential victims. They may use social media, email, or even cold calling to lure people into their schemes. They can create fake websites or social media accounts to appear legitimate. A common tactic is the Ponzi scheme. Here, scammers pay returns to earlier investors using funds contributed by later investors. This creates an illusion of a profitable investment. Another method is the pump and dump scheme. Scammers inflate the price of a cryptocurrency by spreading false news. When the price rises, they sell their holdings, causing the price to crash and investors to lose money. In ICO (Initial Coin Offering) scams, scammers lure investors with a new cryptocurrency project. After raising funds, they disappear without launching the project.