Similar such incidents will be mentioned as a reason by the government when applied for regulated usage of cryptocurrencies. More Scams in the name of cryptocurrency is truly destroying the true quality of cryptocurrency and it's features
I don't agree. Crypto scams don't destroy its image. It's like saying that fiat scams destroy fiat's image.
If someone doesn't feel like having cash is dangerous after reading that someone was robbed he shouldn't feel that it's dangerous to own bitcoin after reading that somebody was scammed online.
So many people in the US fall victim to IRS scammers or fake Microsoft support from India and they keep using fiat money. It's their way of thinking that should change not crypto.
Great example! it's just depending from how people understand it in full.
Crypto is just another venue for scammers, we can't removed the fact that those people are present to any places where money are involved. In fact there are many scamming that has been done by means of fiat than crypto, so basically it's shouldn't be affecting that much.