When Crypto is hot and amateurs start flocking to the market, you will see an influx of scammers trying to steal their money. Please be aware of some of the most popular Scams:

Youtube ads, most commonly about "doubling your money".

I have gotten tons of these on my mobile device in the past two weeks. Usually regarding XRP or Solana "Giving back to the community" - Send us your funds and we'll send you back double. It's literally a doubling money scam with a new face.

MEV Bot Scams

This one gets advertised a lot on Youtube as well. Idea is to download a trading bot that will allow you to make money passively by sandwiching users with high Slippage. However you download the bot and then get drained, seriously if you ever see something about this it's a scam, DO NOT DOWNLOAD IT. Nobody with a good sandwich bot will give it to you, or they would lose potential income from that bot by allowing other users to trade it.

Stupidly high APR (commonly advertised on Instagram)

This one is targeted at greedy amateurs and offer stupidly high APR like 2-3% per day for staking ETH. However it's a scam and when you set it up they just drain your wallet.

Reddit Chat Scams

Seriously if you get chat requests on Reddit about Crypto they're a scammer:

https://preview.redd.it/o5j45uaxab0e1.png?366&format=png&auto=webp&s=9aa73ec3327ccbd9ba4daabba72fab5fd78d0daf

Fake Exchange Email and Phone Call Scams

This one is just pure social engineering. Sending an Email or Phone Call pretending to be an exchange saying something is urgently wrong and trying to get you to provide 2fa information for the scammer to access your exchange account and drain you.

Classic Pig Butchering

A long term scam where someone messages you in an unsolicited way then works to build report with the idea that you eventually invest in a Scam Crypto Exchange. This one never stopped and you should be aware of it, but the other scams above are on the uptick.