Crypto Social Media Scams: How to Stay Safe

This article surveys the landscape of crypto social media scams — including pump-and-dump schemes, fake verification ticks, counterfeit/fraudulent apps, and romance or "pig butchering" scams — cites large aggregate losses (e.g., over $1B in 18 months to June 2022, and $429M attributed to pig butchering in 2021), draws historical parallels, and provides practical mitigations such as using hardware wallets, multisignature wallets with timelocks, smart contract audits, and general security best practices.