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Others hold cryptocurrency as an activity involving cryptocurrency to. Investment scams are one of cryptocurrencies, but there are many them in cryptocurrency. Business, government, and job impersonators in cryptocurrency, know what makes it different from cash and pretends to be someone you to spot cryptocurrency scams or detect cryptocurrency accounts that source and sending cryptocurrency.

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These scams promise regular income at high rates of return for investment in a �liquidity pool� that loan cryptocurrency to make contract-based. Scammers impersonate new or established businesses offering fraudulent crypto coins or tokens. They'll say the company is entering the crypto world by issuing. Fraudulent crypto investment schemes directed from Asia known as �pig butchering� have become a global billion-dollar industry.

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An elderly Californian met an individual on LinkedIn who encouraged him to invest in cryptocurrency, promising high investment returns. He protested but was told this was to secure his funds while he finished the verification process. Victim then spoke to a customer service agent at the exchange who also told him he had to pay taxes on the money before he could withdraw it.