Cryptocurrency scams, including those claiming to be giveaways, are rampant, with research indicating that over $2.5 billion was lost to crypto scams globally in 2021 alone, a figure that has likely risen as the crypto market grows

Scammers often create fake websites that mimic real companies.

Also worth reading: How Should an AI Cryptocurrency Analyst Mitigate Bot and Automation Abuse Without Blocking Legitimate Users? · How Should Investors Evaluate Bitcoin Forecasts and AI Price Predictions in 2026? · Is Bitcoin Mining Profitable in 2026, and How Do Mining Profit Calculators Work?