There have now been many examples of Cryptocurrency and NFT scams and they aren’t just with smaller sites, even some of the biggest sites in the world have been found to be fraudulent and with recent developments turning towards celebrities who market those websites being targeted with lawsuits, are we starting to see the end of the crypto bubble? Perhaps not but it will in all likelihood lead to some real legislation and stringent testing coming in to ensure that these companies who are dealing with billions of dollars are doing so responsibly.

Cryptocurrency Scams

Trading scams from cryptocurrency websites are rife at the moment with the most common method being the Ponzi Scheme. This is when a site takes all of the deposits from their customers and money is taken out by either the owner or senior employees and then other customers money is used to fund withdrawal requests. …

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