Lawyer's Notes: Top 5 Scams in the Crypto World

Cryptocurrencies open up new opportunities, but they also carry serious risks. The lack of clear regulation in Ukraine makes this market attractive to scammers.

Yuriy Zhovtan, an attorney and partner at the Barristers law firm, discusses the top 5 scam schemes in the crypto world:

• Fake investment projects promising guaranteed returns
• Phishing attacks and fake crypto exchanges
• Scam tokens and fraudulent exchanges

How can you avoid becoming a victim?

• Verify the information before investing
• Use cold wallets
• Don’t enter your private keys on suspicious websites

Watch the new episode to learn more about how to protect your assets.