Scammers are a big problem since a long time now! Initially the internet scammers were playing big on hyip/ponzi scams but after the closedown of TalkGold and MMG forum, they had moved to crypto market because it grants them even more anonymity than traditional payment processors like PerfectMoney or Alertpay!
I heard from my local news that police arrested a person who were scamming people in the name of bitcoin. He was promising double return within 25 days to the investors. Now those who are aware of bitcoin, they would know it is impossible to get a confirmed return from bitcoin and they understand the risk. But still people have fallen for it.
Scammers will always find new ways to scam people. Education and awareness can save from a disaster!
They didn't put a stop to their ponzi scheme, they shipped their ponzi, structures/format and they intelligently -in the irritatingly evil way- fused their ponzi scheme into/with crypto-coin, and the scam figures may rise in coming weeks-months.I heard from my local news that police arrested a person who were scamming people in the name of bitcoin. He was promising double return within 25 days to the investors. Now those who are aware of bitcoin, they would know it is impossible to get a confirmed return from bitcoin and they understand the risk. But still people have fallen for it.
Scammers will always find new ways to scam people. Education and awareness can save from a disaster!
Like kids rushing for a free candy, -Newbies- that don't want to invest or haven't the capital/finance they will rush for ponzi-scheme or free way just to earn Bitcoin or crypto-coin. This mis-conception must be corrected.
