Krutika Adani
During the current and previous bull markets, the rate of scams increased.
The success of Solana memecoins in early 2024 led to the launch of several fake crypto pre-sales, pump-and-dump schemes, and fake investment plans.
Earlier, most scams were targeted at phishing, but lately, the nature of scams has become more complex with AI.
As investigators finally catch up, several arrests have been made in crypto-related crimes.
The best way to avoid scams in 2024 is to trust only those projects that have market traction.