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I Lost $35,000 In A Crypto Scam!Crypto is a scam built on criminality and fraud such as wash trading and various other market manipulation tactics. This isn't like tulipmania. Staying informed about crypto scams is a great way to protect yourself against crypto con games. Key Points. Digital assets are not inherently a scam, but they. Scammers are using some tried and true scam tactics � only now they're demanding payment in cryptocurrency. Investment scams are one of the top ways scammers.