how is cryptocurrency a scam

Last Updated on January 19, 2023 by Paganoto

9 common cryptocurrency scams in 2022 – TechTarget

9 common cryptocurrency scams in 2022 – TechTarget

To get fresh investors, cryptocurrency scammers will lure new investors with bitcoin. It's a scheme that runs in circles, since there are no legitimate investments; it is all about targeting new investors for money. The main lure of a Ponzi scheme is the promise of huge profits with little risk.Jun 13, 2022

What To Know About Cryptocurrency and Scams

What To Know About Cryptocurrency and Scams

Scammers impersonate new or established businesses offering fraudulent crypto coins or tokens. They’ll say the company is entering the crypto world by issuing …

Reports show scammers cashing in on crypto craze

Reports show scammers cashing in on crypto craze

These scammers tell people the only way to protect their money is to put it in crypto: people report that these “agents” direct them to take out …

How To Avoid Cryptocurrency Scams – Kaspersky

How To Avoid Cryptocurrency Scams – Kaspersky

Crypto scammers sometimes pose as or claim endorsements from celebrities, businesspeople, or influencers to capture the attention of potential targets.

Scams and cryptocurrency can go hand in hand – here's how …

Scams and cryptocurrency can go hand in hand – here's how …

The second basic type of cryptocurrency scam simply uses cryptocurrency as the payment method to transfer funds from victims to scammers. All …

Bitcoin is the greatest scam in history – Vox

Bitcoin is the greatest scam in history – Vox

2. Store of Value. Extreme price volatility also makes bitcoin undesirable as a store of value. And the storehouses — the cryptocurrency trading …

What You Need to Know About Cryptocurrency Scams – AARP

What You Need to Know About Cryptocurrency Scams – AARP

And crypto is creeping into everyday impostor scams, with crooks pretending to be government or lottery officials demanding payment in virtual currency for …

Beware of Cryptocurrency Scams – Investopedia

Beware of Cryptocurrency Scams – Investopedia

Within the context of the cryptocurrency industry, phishing scams target information pertaining to online wallets. Specifically, scammers are interested in …

Cryptocurrency Is a Giant Ponzi Scheme – Jacobin

Cryptocurrency Is a Giant Ponzi Scheme – Jacobin

Cryptocurrency is not merely a bad investment or speculative bubble. It’s worse than that: it’s a full-on fraud. … The new issue of Jacobin is …