Fraud or scam in the digital asset world refers to fraudulent actions that aim to illegally profit from investors or users. In the world of digital asset, various types of fraud often occur, and understanding their forms is very important to keep digital assets safe. Some Types of Crypto Fraud include:

Phishing

Where criminals try to steal sensitive information such as passwords and private keys through official-looking websites or emails. This type of fraud is one of the most popular and most frequent scams. Phishing is done through various media such as social media, private messages, and e-mail.

Mining Scams

Mining fraud in the digital asset world is a fraudulent practice where the perpetrator promises profits from mining activities that are not actually carried out or the results are exaggerated. Perpetrators of these scams often attract investors with promises of high returns from investments in mining hardware or cloud mining services. However, in many cases, the promised mining devices do not exist or do not work as advertised, and the invested funds are not used for mining at all. Investors end up losing their money without receiving any results.

Giveaway or Airdrop Scams

Giveaway or airdrop scams often capitalize on people's interest in free gifts in the digital asset world. In this type of scam, the perpetrator usually announces that they are giving away a large amount of digital asset for free as part of a promotion. To receive the reward, the victim is asked to send a small amount of digital asset first as a verification or transaction fee. After sending the funds, the victim never receives the promised reward, and the perpetrator disappears with the funds already received.