Social media platforms were utilized to issue numerous accounts of crypto scams.
Scammers will access the victims through different tactics to create vulnerability between the targets.
Crypto scams became extremely prevalent as the crypto currency became widely appealing and valuable for investors.
Crypto currency can be accessed both as a payment, like cash, or as an investment medium, like stocks.
Manipulation tactics, such as romance scams and impersonations, or more advanced schemes like hacking and phishing the victims’ assets were used to increase the amount of reports for fraud.
In order to protect ourselves and our assets online, we must be smart with how we manage and shield our social media platforms.
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