What are the most common Cryptocurrency scams on Twitter?

On the bustling landscape of Twitter, cryptocurrency enthusiasts often encounter various scams that seek to dupe unsuspecting investors. Among the most prevalent are the so-called "pump and dump" schemes, where fraudsters artificially inflate the price of a cryptocurrency by promoting it heavily on social media, often with fake testimonials or promises of imminent gains. Once the price rises, the scammers sell their holdings, causing the price to plummet and leaving investors with significant losses. Another common scam involves impersonating well-known cryptocurrency influencers or celebrities. These fraudsters create fake profiles, often with stolen photos and bios, and then tweet about fake investment opportunities or giveaways. Unsuspecting followers may fall for these traps, resulting in financial loss. Furthermore, phishing scams are also prevalent on Twitter. These involve sending fraudulent links or messages that appear to be from legitimate sources, such as cryptocurrency exchanges or wallets. Once clicked, these links can install malware on victims' devices or redirect them to fake websites where they are prompted to enter sensitive information like passwords or private keys. In summary, Twitter users should be vigilant against these common cryptocurrency scams and exercise caution before investing in any cryptocurrency opportunity promoted on the platform.