Tag: Exit Scams

While there have been quite many initial coin offerings (ICOs) that have made investors smile to the bank in recent times,  there’s no denying that some of these crypto-based fundraisers have also broken the hearts of many. At current, it is estimated that investors have lost nearly $100 million to ICO exit scams, as first reported by blockchain intelligence firm,…

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Traditional financial markets are tightly regulated these days, so it very problematic for con artists to pull off frauds and get away with it. Things are different in the cryptocurrency landscape due to its unregulated nature. Some of the common scam vectors targeting this decentralized economy include Ponzi schemes, extortion viruses, phishing attacks that dupe people into trusting threat actors…

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