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Portland man says cryptocurrency scam destroyed his lifeAnother sort of crypto scam is the use of phony celebrity endorsements. Scammers utilize real photographs and post them in false accounts, advertising, or. Staying informed about crypto scams is a great way to protect yourself against crypto con games. Key Points. Digital assets are not inherently a scam, but they. Some of the biggest crypto scams in history include the OneCoin scam (estimated $25 billion in losses), the BitConnect scam (approximately $4 billion in losses).