“Since 2021, Bitcoin’s price has risen from tens of thousands of dollars to nearly $70,000, then fallen by more than half in a short time.”

This extreme volatility has made cryptocurrency a focal point for investors and also a tool for fraudsters. From issuing “air coins” to “mining” scams, from fake trading platforms to impersonating exchanges, traps in the cryptocurrency field emerge in an endless stream. According to data from China’s Ministry of Public Security, in 2025 cryptocurrency fraud cases involved over 50 billion yuan, with victims across the country. This article comprehensively analyzes risks and traps in cryptocurrency investment to help you stay clear-headed in this emerging yet complex field.