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Crypto: The World�s Greatest Scam.Scammers sometimes create fake cryptocurrency trading platforms or fake versions of official crypto wallets to trick unsuspecting victims. These fake websites. 1. Fake ICOs. A fake initial coin offering (ICO) has all the trappings of a legitimate ICO but with none of the supporting technology or infrastructure. A California resident identified a website (pro.jptoken.org) that advertised �Buy and Sell Coins at the Crypto with minimal fees of 1%� and.