Tag: Scams

Crypto Scammers are Forced to Work Harder due to the Coronavirus Crisis

It is evident that the coronavirus crisis is shaking things up on a global basis. Recent findings by Chainalysis further confirm how scammers aren’t paying enough attention to ensure their nefarious projects keep generating revenue. Many different factors influence the success of a cryptocurrency scam. Scammers Need to put in More Effort More often than not, users are drawn in due to the promise of high financial returns. That is …
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Malicious ICO-Related Google Ads Continue to Show Up

The cryptocurrency industry has been plagued by scams for quite some time now, especially when it comes to paid advertisements on popular search engines. The NEX ICO, for example, is subject to a lot of fake advertisements, which makes it very difficult for novice users to distinguish between reality and fiction. Cryptocurrency Scams Rise in Number People who have been invested in cryptocurrency for quite some time will acknowledge that there is …
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Self-Regulation May Help Legitimize the ICO Industry

While the ICO industry is seemingly firing on all cylinders, the risks have not diminished by any means. In fact, it seems this situation has only become worse over time. With the mounting number of scams and defunct projects, it is evident something will need to change in the very near future. ICOs Need to Rethink a few Things No one will deny that the ICO industry is very alluring. Dozens …
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Social Media Platforms Address Crypto-Manipulation and Scams

The cryptocurrency phenomenon has led to numerous scams on social media platforms. Companies that are claiming “guaranteed investment” and “no risk of losing money” are taking you to be a crypto-fool. There is no such thing as a guaranteed investment. On its face, investment comes with the risk of losing money. So, how have these scams evolved? Empty Promises Initially, scammers would announce giveaways and contests, promising to send certain …
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