Several crypto companies may be affected via email blasts of fake token launches. There is no CoinGecko token being planned so don't be duped by the phishing emails.
In May, a cryptocurrency trader lost $69 million in a sophisticated 'address poisoning' scam. Fake accounts mimicking victims' crypto addresses were used.
Cryptocurrency-related scams, including 'pig butchering' scams, are increasingly prevalent and costly for investors. US authorities recovered $500,000 lost to these scams last year.
Leading tech companies and crypto exchanges are working to alleviate the issue of crypto scams by taking preventive measures and returning seized assets to victims.
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