Scammers use these platforms to prey on unsuspecting users. Common types of fraud include pyramid schemes, exchange rate manipulation, bot scams, and even the sale of personal financial data.
In addition, cybercriminals lure users with promises of free key generation and modification, which are often accompanied by viruses. Spammers trick users into giving away their credentials by adding malicious links or redirect users to fake trading platforms.
Source: Ferra
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