Cryptocurrencies can be exciting, but there are also dangers! This year, bad guys stole a lot of money using fake cryptocurrencies. They tricked people online to make them lose their money.
- Fake cryptocurrencies called "memecoins" were used in many scams.
- Scammers pretended to be famous people like footballers and musicians on social media.
- People lost over $500 million because of these scams.
| Fact | Number |
|---|---|
| Total money lost | >$500 million |
| Percentage of scams on X (formerly Twitter) | 75% |
| Highest market cap of a scam memecoin | $460 million |
Be careful online and don't trust everything you see!
