Exit scams became popular in the bitcoin sector in 2018. It occurs when dishonest cryptocurrency advocates steal money from investors during or after an initial coin offering (ICO). Exit scams can also happen when a cryptocurrency exchange disappears. Therefore, taking any cryptocurrencies saved on the platform cryptocurrency has become a contentious issue of debate, owing to the two opposing factions attempting to navigate the market. On the other hand, some prey on the less educated, hoping to take advantage of their ignorance and trick them into handing over their cryptocurrency. This can happen in various ways, and recognizing it can
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