Post
Topic
Board Altcoin Discussion
Re: Crypto Crime is getting Worse, what do we do?
by
gwaposakon
on 18/01/2020, 14:44:39 UTC
https://news.yahoo.com/cryptocurrency-thefts-fraud-hit-1-211446327.html

In Q1 alone of 2019 there was $356m in theft of digital currencies from exchanges and scams while losses from fraud hit 851m. This number includes the QuadrigaX scam which accounts to about $134m in total losses.

What can we do to help stop these from happening and getting worse?

I think people can help minimize if not eliminate, scam projects by not supporting them. One way to do this is but properly researching the projects we will invest in. I observe some investors just invest based on hype in that market. So they fall victim to promises of great returns by scammers. Scammers are getting wiser in tricking people but I think, with proper research, they can tell a legit project from a fake one.