One sure sign of a scam is anyone who says you have to pay by cryptocurrency. The Federal Trade Commission FTC received nearly 6800 complaints of cryptocurrency investment scams from October 2020 through March 31 up from 570 in the same period a year before. Scams in cryptocurrency.
Scams In Cryptocurrency, Scammers are always finding new ways to steal your money using cryptocurrency. Most crypto scams can appear as emails trying to blackmail someone online chain referral schemes or bogus investment and business opportunities. One sure sign of a scam is anyone who says you have to pay by cryptocurrency.
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Most crypto scams can appear as emails trying to blackmail someone online chain referral schemes or bogus investment and business opportunities. The Poly Network which specializes in cryptocurrency reported that hackers exploited a vulnerability in its system. Initial Coin Offerings ICOs ICOs are fundraising mechanisms for newly launched cryptocurrencies. Of course if you pay theres almost no way to get that money back.
Here are the most common scams.
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