Asad Akash

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ANSWERS ON QUESTIONS Q1. True or false: A Crypto scam is a scheme designed to deceive and trick someone out of Crypto Answer: True Q2. Why are Crypto scams riskier than traditional scams involving fiat? Answer: Crypto scams are riskier because transactions are irreversible Q3. Out of the following three options, which one is the most likely reason for why Crypto scams are rising? Answer: Fraudsters are taking advantage of FOMO and technical inexperience of newcomers Q4. How much was lost in crypto related fraud in 2020? Answer: £1.2B Q5. Tick all the common types of Crypto scams from below: Answer: Project/Token Frauds, Malware Installation, Fake Crypto sites/wallets, Giveaway/Airdrops Scams, Fake Crypto investments, Wallet/Account Hijacking Q6. What are the two main ways for Crypto Project teams to fund their projects? Answer: Public Offerings & Private Fundraising Answer: Initial Coin Offering Q7. What does ICO stand for? Answer: Initial Coin Offering Q8. What is one of the diffe

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