In 2018, losses from cryptocurrency-related crimes amounted to USD $1.7 billion. Millions of cryptocurrency investors have been scammed out of massive sums of money. A lot of cryptocurrency fraudsters rely on tried-and-true Ponzi schemes that use new investors capital to pay out for earlier investors as ROI.
Back to the basics questions that how are unsuspecting investors get attracted by cryptocurrency fraud at the very first place?
▶ Fast Talking Swindlers -- Some cryptocurrency fraudsters promising investors with huge returns, eg: 1.2% daily returns. They operate through a group chat in Telegram, create referral code and share it over social media or blog comments hoping to get investors to join them. So, once the newcomers see those exciting messages, some newcomers decide to invest. During that time, every newcomer share their referral code, bringing more people to join their investment scheme. There is no actual fund and business to generate ROI, is just a cycle that keeps going.
▶ More and More Lies -- Some scammers go straight-up to deception. OneCoin, the most known cryptocurrency Ponzi scheme in the cryptocurrency industry. The founder has defrauded $3.8 billion by convincing investors their nonexistent cryptocurrency was real. Other scams claim that they generate ROI with some investment knowledge. The Global Trading scammers claim that take advantage of the price difference on various cryptocurrency exchanges to generate ROI from what is called arbitrage, saying that they buy at cheap price and sell it at a high price to.
▶ Exploiting Friends and Family -- once a scheme has started, it stays alive at least for a little while. An individual gets taken in by the promise of huge returns and spreads this amazing investment to their friends and family. Sometimes, the BIG name gets involved, the BIG name we refer here is those celebrity or people with more credibility. iCenter featured a video that purported to be an endorsement by Dwayne The Rock Johnson, holding a sign featuring iCenters logo. Also, videos of Justin Timberlake and Christopher Walken were deceptively edited so they appeared to praise iCenter, too.
▶ Fraudulent Initial Coin Offering -- there are many of ICO turned out to be scams. Many organizations, renting fake offices, create fancy looking marketing material and organize seminars. In 2018, about 1,000 ICO efforts collapsed, costing backers at least $100 million. Many of these projects had no original ideas, some of them even copied or plagiarized other cryptocurrency documents.
Start trading TOA COIN at:
https://crex24.com/exchange/TOA-BTC
https://wallet.crypto-bridge.org/mark /BRIDGE.TOA_BRIDGE.BTC
Check out more:
www.toacoin.com
Download TOA COIN APP Today:
Android Playstore: https://goo.gl/Fg3m72
IOS Appstore: https://goo.gl/8ZtFhC
Back to the basics questions that how are unsuspecting investors get attracted by cryptocurrency fraud at the very first place?
▶ Fast Talking Swindlers -- Some cryptocurrency fraudsters promising investors with huge returns, eg: 1.2% daily returns. They operate through a group chat in Telegram, create referral code and share it over social media or blog comments hoping to get investors to join them. So, once the newcomers see those exciting messages, some newcomers decide to invest. During that time, every newcomer share their referral code, bringing more people to join their investment scheme. There is no actual fund and business to generate ROI, is just a cycle that keeps going.
▶ More and More Lies -- Some scammers go straight-up to deception. OneCoin, the most known cryptocurrency Ponzi scheme in the cryptocurrency industry. The founder has defrauded $3.8 billion by convincing investors their nonexistent cryptocurrency was real. Other scams claim that they generate ROI with some investment knowledge. The Global Trading scammers claim that take advantage of the price difference on various cryptocurrency exchanges to generate ROI from what is called arbitrage, saying that they buy at cheap price and sell it at a high price to.
▶ Exploiting Friends and Family -- once a scheme has started, it stays alive at least for a little while. An individual gets taken in by the promise of huge returns and spreads this amazing investment to their friends and family. Sometimes, the BIG name gets involved, the BIG name we refer here is those celebrity or people with more credibility. iCenter featured a video that purported to be an endorsement by Dwayne The Rock Johnson, holding a sign featuring iCenters logo. Also, videos of Justin Timberlake and Christopher Walken were deceptively edited so they appeared to praise iCenter, too.
▶ Fraudulent Initial Coin Offering -- there are many of ICO turned out to be scams. Many organizations, renting fake offices, create fancy looking marketing material and organize seminars. In 2018, about 1,000 ICO efforts collapsed, costing backers at least $100 million. Many of these projects had no original ideas, some of them even copied or plagiarized other cryptocurrency documents.
Start trading TOA COIN at:
https://crex24.com/exchange/TOA-BTC
https://wallet.crypto-bridge.org/mark /BRIDGE.TOA_BRIDGE.BTC
Check out more:
www.toacoin.com
Download TOA COIN APP Today:
Android Playstore: https://goo.gl/Fg3m72
IOS Appstore: https://goo.gl/8ZtFhC