FINANCIAL FRAUD IN THE CRYPTO INDUSTRY: TYPES AND SECURITY RULES

Abstract

This article is devoted to the problem of financial fraud in the crypto industry. Current trends and new types of crypto fraud (their general features and specific characteristics) that attackers use to deceive investors and owners of cryptocurrencies are considered. Particular attention is paid to ways to prevent crypto fraud and security rules that will help avoid falling into the traps of scammers. The rules for countering fraudulent schemes are described, the need for financial literacy training to prevent losses is indicated, and the need for caution and prudence when working with cryptocurrencies, as well as careful attention to one’s own financial decisions, is emphasized. Overall, this material is intended to make readers more aware and protected in the world of cryptocurrency transactions, helping them avoid falling into the traps of scammers and keeping their funds safe.