All investments are susceptible to scams, and cryptocurrency is no exception.
In this unregulated space, crypto investors must be vigilant.
Many investors are wary of cryptocurrencies because they are still unfamiliar and, as yet, largely unregulated. Although bad actors and scams may ding the reputation of the entire ecosystem, as far as the overall crypto industry is concerned, there are also a lot of good projects and good people.
In a new, relatively opaque space where there’s a lot of money to be made, it’s hard even for savvy investors to navigate risks. Here are five crypto scams investors should watch out for in 2022.
⏰ Timestamps ⏰
00:00 Top 5 Crypto Scams In 2022.
00:44 5. Phishing Scam.
02:27 4. Sextortion email scams.
03:50 3. ‘Rug Pull’ Scam.
05:20 2. Airdrop Crypto Scam.
06:26 1. ‘Pump and Dump’ Scam
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▶️ Disclaimer: It is important to note that I am not a financial advisor. The information provided in this video is purely for entertainment and educational purposes, it’s not investment or trading advice. Therefore, do your due diligence, educate yourself and make sure you understand what you are doing before making any Crypto-related investments. This is not an incentive to invest, it is not financial advice. You are responsible for all gains & losses.
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