What is a crypto scam?

Scammers impersonate new or established businesses offering fraudulent crypto coins or tokens. They’ll say the company is entering the crypto world by issuing their own coin or token. They might create social media ads, news articles or a slick website to back it all up and trick people into buying.

Is a cryptocurrency or blockchain-related startup a scam?

While there's no guarantee that any cryptocurrency or blockchain-related startup will be legitimate or successful, the steps outlined below can help you to be as sure as possible that you're not falling for a scam. Fraudulent ICOs and sketchy coins and tokens abound, but there are many ways to help ensure that you avoid these potential scams.

How much does a crypto romance scam cost a victim?

Headlines like “Crypto and Romance Scams Continue to Cost Victims Billions” and “A Romance Scammer Took Her Life Savings in Crypto” are becoming commonplace. In fact, crypto romance scammers conned victims out of $139 million last year, according to a 2022 report by the Federal Trade Commission (FTC). But that’s just one type of scam of many.

What is a scam coin?

If you’ve wondered what a scam coin is, we have the answer for you. Shit coins or scam coins are fake cryptocurrency coins or tokens with no long-term worth. This form of cryptocurrency scam aims to convince a potential investor of the value of an unknown coin by requesting that they buy it.