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In 2021, losses to crypto scams were 60 times higher than they had been in 2018. “Cryptocurrency can be a fast, convenient, and inexpensive way to pay for products or services, transfer assets ...
Here are some of the common elements of such cryptocurrency scam emails. Unsolicited contact: Legitimate crypto services don’t randomly reach out offering free money. If you receive an ...
Every year, more and more people fall prey to scams. Data from the Federal Trade Commission shows that in 2021, consumers reported losing more than $5.8 billion to fraud. That's a 70% increase from...
Stephen Findeisen (born 1993 or 1994), [2] [3] better known as Coffeezilla, is an American YouTuber and cryptocurrency journalist who is known primarily for his channel in which he investigates and discusses online scams, usually surrounding cryptocurrency, decentralized finance and internet celebrities. [4]
A pig butchering scam (in Chinese sha zhu pan [114] or shazhupan, [115] (Chinese: 杀猪盘), translated as killing pig game) [113] is a type of long-term scam and investment fraud in which the victim is gradually lured into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent cryptocurrency scheme.
An exit scam is a confidence trick, con job 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 ...
Recovery scammers target people who have just lost money to another scam. Typically, recovery scammers will promise to get the money back in exchange for an upfront fee. After you pay, they vanish.
Bitconned is a true crime documentary film released by Netflix on January 1, 2024. The film was directed by Bryan Storkel. [1] [2]The film follows the three founders of Centra Tech as they raised more than $32 million in a fraudulent initial coin offering.