The most common cryptocurrency scams are the phishing scam, bitcoin investments schemes, cryptocurrency giveaways, and rug pulls. Cryptocurrency scams are often promoted through social media platforms. They may even involve may involve celebrities or other well-known figures who promote a project or claim to be giving away cryptocurrency as part of a promotion. However, these giveaways are usually fake and are simply a way for the scammer to steal cryptocurrency or pump and dump on unsuspecting individuals.