Latest Crypto News
Fraud News is the category where you can discover the most interesting news about fraud. Cryptocurrencies offer users a high level of protection and anonymity, but in fact, cryptocurrency use frequently leads to victims of many forms of scams, including digital theft, hacking, phishing, and the most common cryptocurrency scam – fraud. These scams can take many forms, including promising but fraudulent initial coin offerings (ICOs) that do not inform their investors about the risks and may not have a physical address; cryptocurrency investment platforms that vanish after collecting enough funds; and fraudulent cryptocurrency exchanges that use a variety of tactics to defraud their users. The excitement around blockchain technology has attracted a large number of low-skilled investors to the industry. According to the newest news on cryptocurrency fraud, Twitter has even prohibited ICO-ads in order to safeguard its users from fraudulent schemes.
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In 2021, about half of the customers who reported a cryptocurrency-related fraud stated it began with a social media ad, post, or message. According to the US Federal Trade Commission,…
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