Despite widespread warnings and safeguards, many people, including experienced investors, continue to fall victim to fake investment schemes, phishing attacks, and social engineering tactics. This quest explores how scammers exploit human psychology and emotions to manipulate victims into making rash decisions.
Q1: What is a key reason why people fall for crypto scams?
A1: Scammers exploit emotions like fear and greed.
Q2: Which of the following is a sign of a potential scam?
A2: A limited-time investment opportunity that requires fast action.
Q3: How do scammers create trust in their schemes?
A3: They use fake testimonials and endorsements.
Q4: What should you do if you receive an email saying your wallet is compromised?
A4: Check the official wallet provider’s website and support channels.
