From Nasdaq Corporation

February 20, 2025 1:00:14 pm:

Cryptocurrency is a hotly debated topic, with some seeing it as the currency of the future while others view it as gambling. Security concerns arise with decentralized currency, leading to caution about potential scams and losses from hackers and scammers. Experts warn about crypto scams to watch out for in 2025, emphasizing the need to be vigilant.

Pump-and-dump schemes pose a significant threat to the crypto industry, with AI agents creating fake predictions to manipulate prices. Copycat tokens, linked to legitimate projects, deceive investors seeking quick profits. Due diligence is crucial to avoid falling victim to these scams, as rushing into investments can lead to substantial losses.

AI-driven impersonations, particularly involving celebrities, present a new challenge in the crypto world. Scammers use AI to impersonate celebrities and promote fake investment opportunities, leading to investor funds disappearing. Awareness of celebrity endorsements and thorough research before investing are essential to avoid falling prey to these sophisticated scams.

Read more at Nasdaq: Crypto Scams To Watch Out for in 2025