Why Crypto Scams Are on the Rise?

Krutika Adani

Bull Markets Tend To See More Scams

During the current and previous bull markets, the rate of scams increased.

Memecoin Scams in 2024

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.

Nature of Scams Changing

Earlier, most scams were targeted at phishing, but lately, the nature of scams has become more complex with AI.

Investigators Catch-Up

As investigators finally catch up, several arrests have been made in crypto-related crimes.

How To Remain Safe?

The best way to avoid scams in 2024 is to trust only those projects that have market traction.