Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: Ponzi Scheme 101
by
Taricoins
on 23/08/2024, 17:23:38 UTC
⭐ Merited by fillippone (1)
The cryptocurrency space is safer now, that people already have idea of what to look out for and what to avoid, infact not only in this Ponzi scheme, some cryptocurrency projects are also Ponzi in disguise because a token developer can promise huge value for their tokens when they are listed but at the end, their could even not get listed on an exchange after investors have invested in those tokens, this another cryptocurrency fraud that newbies should avoid getting caught up with.
I don't think so i just see this news happened just few months ago this year, Killed by a scam: A father took his life after losing his savings to international criminal gangs. He’s not the only one, its a crypto scams. Although its true that we don't see more ponzi these days since people knows how to distinguish these sites but talking crypto space is safer now is a false argument. Phishing sites are still rampants and even "expert" people get victim on this.
Well you would be surprised to how Ponzi scheme are still active in some area because humans no matter the level of awareness they would still be some sets of persons that don't really get to understand and will always allow their greed get the best of them and again just as people are getting awareness for these ponzi scheme so are scammers also working like crazy to make sure they update their tricks too so the better we stay updated and active in a community just like this where such matters are being discussed and guidelines are given you would be surprised to see yourself fall victim someday.