ICO Scams

The bitcoin price surge in these recent months has drawn the interest of investors from different spheres. People want to buy bitcoin and quickly make money off it, which has left many people vulnerable to Ponzi schemes, quick money schemes, and other forms of scams. The hype around bitcoin has given most people the impression of a quick and easy return on their investments. The hype has caused an increase in its adoption, as well as an increase in scams and frauds by people who capitalize on that perception to steal other people’s money. Bitcoin and other cryptocurrencies being decentralized currencies are seen as the future of currency. It is created, stored, and distributed using blockchain which is a decentralized ledger, so unlike fiat currency, it is not regulated by the government. ...