- Beware of phishing attacks: Always double-check the URLs of websites you visit, especially when logging into your crypto accounts. Scammers often create fake websites to steal login credentials.
- Avoid “too good to be true” opportunities: Be cautious of investment schemes that promise unrealistic returns (e.g., “guaranteed returns”). Crypto-related Ponzi schemes and rug pulls are common, where scammers take funds from unsuspecting investors and disappear.
- Verify social media claims: Be skeptical of celebrities or social media influencers promoting “new” cryptocurrencies or “airdrops.” Scams often take advantage of this type of hype.
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