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The safest way to spot a scam is to expect them, according to Al Alof, CEO of the crypto and currency exchange ChicksX. “Many crypto coins are created intentionally to scam those who purchase ...
This month the U.K.’s Financial Conduct Authority banned crypto companies from offering users “refer a friend” bonuses and leveraging other financial incentives, like “early bird ...
An exit scam or rug pull is a confidence trick or fraud, perpetuated under the guise of a legitimate business, that ends when the originator absconds with the funds contributed by participants. [1] When a business entity pulls the rug and stops shipping orders while receiving payment for new orders, it could take some time before it is widely ...
Crypto staking is a vital element of cryptocurrencies that use a “proof-of-stake” system for transaction validation. The potential reward varies widely, depending on the staking platform, the ...
• Spoofing - used by spammers to make an email or website appear as if it's from someone you trust. • Phishing - an attempt by scammers to pose as a legitimate company or individual to steal someone's personal information, usernames, passwords, or other account information.
OneCoin logo on the door of their office building in Sofia, Bulgaria, in 2016. OneCoin is a fraudulent cryptocurrency scheme [1] [2] conducted by offshore companies OneCoin Ltd (based in Bulgaria [3] and registered in Dubai) and OneLife Network Ltd (registered in Belize), both founded by Ruja Ignatova in concert with Sebastian Greenwood. [4]
Tech support scammers are regularly targeted by scam baiting, [45] with individuals seeking to raise awareness of these scams by uploading recordings on platforms like YouTube, cause scammers inconvenience by wasting their time and protect potential victims. A good example of this is the YouTube community Scammer Payback. [66] [67]
Bitconnect was released in 2016 to allow users to lend the value of Bitconnect Coin in return for interest payments. The marquee program was the so-called lending platform where users traded Bitcoin for Bitconnect Coin and could lock in the instantaneous value of the coin for a set period of time while earning interest calculated daily.