4 types of ICO scams that you need to stay away from
Exit scams
A fraudulent operation organized by crypto promoters who collect investor funds for an ICO and then abruptly vanish.
Phishing scams
A tactic to create fake ICO-like websites and direct investors to deposit money into a compromised cryptocurrency wallet.
Ponzi schemes
Dishonest actors bring in new funding to fulfill their obligations to previous investors and use a portion of the invested funds for their benefit.
Pump and dump scams
A scammer using misleading information to artificially raise the price of a token to eventually sell the token at a higher price.