SamsungShine
Fri Jul 05 2024
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5 answers
1109
What is a crypto exit scam?
In the cryptocurrency world, a question often arises regarding the legitimacy of various projects and investments. Could you elaborate on what a "crypto exit scam" is? My understanding is that it involves fraudulent activities where a group or individual lures investors into a cryptocurrency project with promises of high returns, but then abruptly disappears with the funds, leaving investors with little to no recourse. Could you elaborate on the typical characteristics of such a scam, as well as any warning signs that investors should be aware of to avoid falling victim to such schemes?
