Bitget
Bitget

# GLOSSARY

Finance Dictionary : Scam

KEYTAKEAWAYS

Learn about scams, intentional deceptions designed to unlawfully obtain money or information, often targeting unsuspecting individuals and organizations. Stay informed to protect yourself.


CONTENT

DEFINITION

Scam: Deliberate Deceptions for Unlawful Gains

 

A scam is a meticulously planned and targeted deception with the intention of acquiring money, personal information, or other valuable assets through unlawful means. Scams come in various forms, often exploiting the trust or vulnerability of individuals or organizations. 

 

These fraudulent schemes are executed through various mediums, including online platforms, emails, phone calls, and in-person interactions. Scammers employ tactics that manipulate victims into divulging sensitive information, making unauthorized payments, or engaging in financial transactions that ultimately benefit the scammer.

 

The consequences of falling victim to a scam can be severe, leading to financial loss, identity theft, or reputational damage. Due to the ever-evolving nature of scams, individuals and businesses are encouraged to remain vigilant, educate themselves about common scam tactics, and take measures to protect against potential deception.


DISCLAIMER

CoinRank is not a certified investment, legal, or tax advisor, nor is it a broker or dealer. All content, including opinions and analyses, is based on independent research and experiences of our team, intended for educational purposes only. It should not be considered as solicitation or recommendation for any investment decisions. We encourage you to conduct your own research prior to investing.

 

We strive for accuracy in our content, but occasional errors may occur. Importantly, our information should not be seen as licensed financial advice or a substitute for consultation with certified professionals. CoinRank does not endorse specific financial products or strategies.


WRITER’S INTRO

CoinRank Exclusive brings together primary sources from various fields to provide readers with the most timely and in-depth analysis and coverage. Whether it’s blockchain, cryptocurrency, finance, or technology industries, readers can access the most exclusive and comprehensive knowledge.


NEWSLETTER

SUBSCRIBE

CoinRank