Cryptocurrency scams take various forms, including phishing scams, Ponzi schemes, fake ICOs, rug pulls, social media impersonations, and AI-powered scams. Victims are often tricked into exposing sensitive information or investing in fraudulent projects. If you suspect falling victim to a scam, immediate steps include securing your accounts, documenting the incident, reporting the scam to law enforcement and regulators, seeking professional guidance, and monitoring transactions. Reporting in the US can be difficult due to fragmented responsibilities across agencies, but platforms like the FBI’s IC3 and local law enforcement can be contacted. Recovery of lost crypto is challenging because transactions are irreversible; however, reporting scams, contacting exchanges, and utilizing blockchain forensics may help. Prevention is essential, emphasizing research, awareness of scam tactics, securing digital assets, and seeking trusted advice. By being vigilant and informed, individuals can significantly reduce their risk of falling victim to cryptocurrency scams.

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