Cryptocurrency Scams
2 documented cryptocurrency scam patterns. Learn how each one works, who it targets, and what warning signs to watch for.
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Cryptocurrency$50M+
Crypto Recovery Scam
After a victim loses money to a crypto scam, a 'recovery service' contacts them promising to trace and recover the stolen funds — for an upfront fee. These 'recovery agents' are scammers themselves, and the victim loses more money.
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Cryptocurrency$5.6B+
Pig Butchering Scam
A long-con that combines romance fraud with fake cryptocurrency investing. Scammers build an emotional relationship over weeks or months, then convince victims to 'invest' in a fake trading platform that shows fake profits until the victim sends real money and can't withdraw it.
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