A crypto scam is a deceptive scheme designed to steal funds, wallet access, signatures, approvals, or sensitive information.
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Short definition
Scam is a crypto scam is a deceptive scheme designed to steal funds, wallet access, signatures, approvals, or sensitive information.
Simple explanation
Scams can appear as fake investments, fake support, fake presales, fake airdrops, fake tokens, or malicious tools.
Why it matters
Recognizing scam patterns helps users slow down and verify before interacting.
Example context
A fake support account may ask a user to enter a seed phrase into a recovery page.