I read in the local news that a person bought several houses with fake tokens. He has defrauded more than 1.2 million dollars and now, house owners have a worthless fake token. This is not new. We have seen different scams over the years by using cryptocurrencies! But I read people's comments and seems they are angry.
A good event can change people's views of cryptocurrencies.
what do you think guys?
If you have an interesting idea, I can use it and share the result here for you.
If this story of fake tokens is true, I believe the owners of these houses can still claim them back as the contract between seller and buyer isn't technically complete as mode of payment isn't real, this is as good as selling some some stolen stuff and owner finding it... Here there isn't any transfer of ownership!
The owner of the house should be able to report to the police that he was a victim of fraud. The sale and purchase transaction is invalid if
the homeowner can prove that the buyer paid with fake tokens. Most importantly, there is evidence that can be shown to the police that
the home buyer paid with fake tokens. So the homeowner should still be able to get his house back, and the contract between the seller
and the buyer becomes void. Based on my experience when buying a house, the process of buying a house is not easy, there are many
documents that must be completed in the process. If home buyers pay with fake tokens, there must be incomplete documents.
This is a gap that homeowners can take advantage of to be able to get their house back. So there shouldn't be any transfer of ownership,
this should also be a valuable lesson for all of us to always be careful in the crypto world. What is certain is to avoid making buying and
selling transactions using crypto other than top coins. What I said could be done if indeed what the OP said was the truth.
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