How do crypto currency scams operate?

[Sotherefore]

There's a lot of ways they have been doing this and they can do it by bringing out fake airdrop which contains viruses that can have an ability to transfer out your cryptocurrency, we all need to be guided.

 

[Elfinito]

They operate in many ways but I am very familiar with the airdrop.
You are given some Airdrops of coins but you would have to pay a greater amount to get the coins paid into your wallet.

 

[greenie]

I recently read of those who lost their coins because of an update they installed on their devices. I guess the hacker put some malware in the installed updates that was able to steal their passwords and the likes.

 

[tyrim88]

There is a cryptocurrency investment called HYIP , high yield investment plan where people puts 1 to gain 1.5 or 2 . This is one of the way to lose your cryptocurrency to scam . Also when ones wallet is not secured , he can lose his crypto too

I use to see lots of these kind of cryptocurrency hyip program online,where you put in your investment and they double your cryptocurrency in few days,these are some of the why they use to scame persons online.

 

[Planbizzle]

I have seen some people talking about the possibility of losing one's crypto currencies to scam and I am confused as to how that could be possible, I usually think crypto currencies are already safe and cannot be hacked or lost by any means.
Do you know of how crypto scams operate?
It could be a personal experience or one you read, I would be glad if you share any.

Scams using cryptocurrency often work by attempting to induce victims to invest in a brand-new or unproven coin or token. Moreover, they may be employed to trick victims into divulging personal data or sending money to an offshore tax haven.

 

[Chibson]

people can actually be tricked to invest their cryptocurrencies in the particular Ponzi scheme. And when they fall for such they will be scammed. So it is always important to be careful.

 

[Mayorla]

There are different type of Crypto currency scam and they operate differently. Pump and Dump scheme is one of crypto scams.
You can also be scammed Through Phishing or Fake websites. Fraudulent intial offering and promises that are too good to be true.

 

[Potuse]

The cryptocurrencies scam operate just by promising huge offers and they will also come with juicy features on their cryptocurrency project.