What role do social media and online forums play in the proliferation of crypto scams?

Social media and online forums play a significant role in the proliferation of crypto scams by providing platforms for scammers to promote fraudulent schemes. These spaces enable the rapid spread of misinformation, with enticing advertisements and fake endorsements luring unsuspecting investors. Scammers often create fake profiles to build trust and foster a sense of community around their schemes. Additionally, the anonymity of these platforms makes it easier for scammers to operate without fear of accountability. The viral nature of social media can quickly amplify their reach, making it crucial for users to verify information and remain vigilant.