CCI Illicit Cryptocurrency Schemes 2

Question 1

A victim met someone on a dating app who later steered them to a polished trading platform showing large 'profits', but withdrawals required paying a 'tax' first. What scheme best describes this?

Accepted Answer

Pig butchering (sha zhu pan)

Answer

Pig butchering scams build a relationship over time, then 'fatten' the victim on a fake platform before demanding fees and disappearing.

Question 2

Developers launch a token, attract liquidity, then pull all funds from the liquidity pool, leaving holders with worthless tokens. This is called a:

Accepted Answer

Rug pull

Answer

A rug pull occurs when project insiders drain liquidity or abandon the project after collecting investor funds.

Question 3

Which feature most clearly distinguishes a Ponzi scheme from a pyramid scheme?

Accepted Answer

Ponzi returns are paid to earlier investors from new investors' funds without requiring recruitment

Answer

Ponzi schemes pay earlier investors with new money, while pyramid schemes explicitly require participants to recruit others.

Question 4

An attacker sends a tiny transaction from an address whose first and last characters match a victim's frequent counterparty. What is the attacker hoping for?

Accepted Answer

That the victim copies the lookalike address from history and sends funds to it

Answer

Address poisoning relies on victims copying a lookalike address from their transaction history.

Question 5

Coordinated groups on Telegram buy a low-cap token, hype it, then sell into the resulting buying frenzy. This is a:

Accepted Answer

Pump and dump

Answer

Pump-and-dump schemes artificially inflate price through hype so organizers can sell at the top.

CCI - Certified Cryptocurrency Investigator Practice Test

CCI - Certified Cryptocurrency Investigator Practice Test

CCI Illicit Cryptocurrency Schemes 2