Understanding impersonation scams in crypto

In impersonation scams, fraudsters pretend to be reliable individuals, exchanges or services to trick users into sending cryptocurrencies or disclosing personal information.

In the context of cryptocurrencies, due to the pseudonymous nature of cryptocurrency transactions and the level of relative secrecy they provide, impersonation scams are common. So, how do impersonation scams work in crypto? 

In the crypto world, impersonation frauds often take place in stages. Scammers sometimes impersonate famous people, influential people or trustworthy cryptocurrency platforms while creating their false…

Read more on Cointelegraph