Why do we fall for crypto scams? Understanding human vulnerability in the digital age
Introduction
The world of crypto is unpredictable, and many people experience similar falls before they learn to protect themselves. Scammers prey on emotional and psychological weaknesses, manipulating greed, fear, and misplaced trust—tactics that affect everyone, even seasoned experts.
Why do people fall for these scams, and what psychological triggers lead them astray? By understanding how these schemes work, we can rise from each fall and be better prepared to protect ourselves from future threats.
FOMO — ‘It’s too good to be true’
Scammers can often establish a sense of immediate urgency around a seemingly lucrative opportunity before exploiting a victim’s fear of missing out (FOMO).
There is an interesting type of scam that…
