> 1. I have a bunch of crypto for you sitting in an account. You can even log in to the crypto exchange and see your balance, transfer money, etc! You just have to pay a small fee to extract it. (The whole crypto exchange site is fake, and all the balances are imaginary.)
It seems like there's another approach here, with a real exchange for a real shitcoin. Generating the shitcoin doesn't cost the operator anything, and if it accidentally ends up worth something, okay, fine, that's the normal crypto scam. But meanwhile, I bet a huge portion of the people who actually create an account to take ownership of the coins use credentials that they've used elsewhere... which seems pretty high value.