Of course, this is not the case and can result in victims handing tens of thousands of dollars over to criminals. Online scammers who imitate industry professionals, experts, friends, or even potential lovers convince users to invest their money in a crypto scheme that will allegedly give them huge returns. Thousands of individuals have fallen for false cryptocurrency schemes in the past. There are a number of ways through which scammers trick users via cryptocurrency, the first being phony investment schemes. Since the crypto boom in 2021, scammers have been targeting vulnerable individuals within the industry to access their funds.
