Scams involving cryptocurrency investments can occur in a variety of ways, but they are all filled with false promises, such as exorbitant returns in a short time, and false guarantees. Those running the scams may set up investment sites that look real, but soon you will find that you are unable to withdraw the money you thought you had invested.
In other cases, they pose as famous people and hand out generous claims of multiplying any cryptocurrency you send in. Scammers also use online dating websites to convince people to make fake cryptocurrency investments in the name of love. For more information on investment scams and frauds, see this article on our blog: