The Growing Threat of Crypto Scams and Fraud
Crypto scams have evolved far beyond fake investment schemes, with users now facing phishing attacks, impersonation scams, fake apps, wallet-draining links, and social engineering attacks. The growing use of social media and messaging platforms has also made it easier for scammers to target users directly. As crypto adoption expands, better security tools alone may not be enough to protect investors. Should exchanges and crypto platforms take greater responsibility for preventing fraud, or does the responsibility ultimately lie with individual users?
