Corrupt people in crypto - page 2. | Bitcointalksearch.org

Sayeds56

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Eloncoin.org - Mars, here we come!

Quote from: Dickiy on December 08, 2022, 12:09:20 PM

Quote from: Riodarvg on December 04, 2022, 09:34:51 PM

More problems arise due to human greed and lapses in financial management. Centralized exchanges are very risky. We should not trust any exchanges lightly. We should trust DEX more and store assets in personal wallets.
In the encryption industry, we must have more experience and ability to choose, and we must always remain vigilant and redouble our caution so as not to fall into more difficulties.

Sometimes people start with good intentions or don't cheat, they have very good plans to benefit others, but over time they get complacent and tempted by the amount of customer money they manage, and most of them are like that as real developers.
Of course the word "Be careful" will be a dilemma for people who lack knowledge about the world of DEX and CEX.

Quote from: Wong Goblog on December 03, 2022, 04:56:51 AM

Corruption and scam is currently very sad and makes many panic, many large projects have collapsed because of the greed of the developer so as to make the market drop, the Luna and FTX case makes the market continue to drop and we are certainly worried if there is the same case again so that it makes the market continue to continue dim and slowly die.

I am one of the people who was disappointed by the incident you are referring to, but after I re-read myself, it turns out that I, as an investor, made a mistake by joining them to entrust my money.
But on the other hand, I feel grateful that this happened, because with this I know the importance of DEX as a good storage tool and Bitcoin is the only one I have to buy.

The collapse of two big exchanges (FTX and LUNA) have exposed that how big risk we take when we put our hard-earned money in centralized exchanges where management is stealing investors' money by corrupt practices. These incidents have vindicated that decentralized exchanges are much safer because your funds are in your custody. I think in future we see huge interest in Ethereum based DEFI projects which are considered secure, and investors also get good returns.

mvdheuvel1983

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When someone researches the people behind all of those crypto apps, they will see those companies are as crooked as the big banks trying to influence politics with their money. Sam is a typical example. News sources say he gave many millions to US Democrats and a few thousand secretly to US Republicans, but because he believed in climate change it was as almost swept under the carpet.

Dickiy

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Quote from: Riodarvg on December 04, 2022, 09:34:51 PM

More problems arise due to human greed and lapses in financial management. Centralized exchanges are very risky. We should not trust any exchanges lightly. We should trust DEX more and store assets in personal wallets.
In the encryption industry, we must have more experience and ability to choose, and we must always remain vigilant and redouble our caution so as not to fall into more difficulties.

Sometimes people start with good intentions or don't cheat, they have very good plans to benefit others, but over time they get complacent and tempted by the amount of customer money they manage, and most of them are like that as real developers.
Of course the word "Be careful" will be a dilemma for people who lack knowledge about the world of DEX and CEX.

Quote from: Wong Goblog on December 03, 2022, 04:56:51 AM

Corruption and scam is currently very sad and makes many panic, many large projects have collapsed because of the greed of the developer so as to make the market drop, the Luna and FTX case makes the market continue to drop and we are certainly worried if there is the same case again so that it makes the market continue to continue dim and slowly die.

I am one of the people who was disappointed by the incident you are referring to, but after I re-read myself, it turns out that I, as an investor, made a mistake by joining them to entrust my money.
But on the other hand, I feel grateful that this happened, because with this I know the importance of DEX as a good storage tool and Bitcoin is the only one I have to buy.

Bobrox

sr. member

Activity: 1246

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Cryptocurrency become easy way how to make many people loss not only with altcoin drastically drop but also many owner from exchange market until with altcoin project greedy and less responsibility with their exchange become scam. Still not have regulation around the world and some exchange market building at country with Bitcoin as illegal transaction make them easy when closed working yet with their exchange market without get punishment from the country are registered with their exchange or altcoin project.

In my country local exchange market have pretty strict rules before building with exchange market until when registering with new altcoin listing, must obtain permission from the competent authority when try listing with new coin and have clearly background about new coin listing in our local exchange market.

coupable

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Quote from: Raflesia on December 01, 2022, 04:53:16 PM

Quote from: coupable on December 01, 2022, 03:56:51 PM

A good investor can easily conclude that the crypto field is one of the most dangerous areas for investment, and therefore the profit rate is large. And one of the manifestations of this danger is not only the sharp fluctuation of prices, but also the presence of corrupt people who are ready to deceive you or persuade you to hand them your private keys or sell you false products that are useless, such as those who sell investment advice in private Telegram channels.
Special care must be taken while investing. There is no guarantee of the integrity of individuals in this sector, which takes place most of its activities virtually on the Internet.

In fact, they should be aware that this is where a lot of scams are happening, so they should consider what type of investment and coin they want in this case.
The big profit we get is a bonus from us being here, but of course we can't just look at the sweetness because we have to pay attention to the worst possibilities that will happen and of course one of them is fraud like this so we have to always be vigilant so we don't get caught up in something like this.

One of the most agreed-upon rules in the field of investment is that the higher the investment risk, the greater the profit. This is one of the most important rules that make users unable to distinguish between the risk ratio in investment, which can be followed up with study and analysis, and which does not assume the presence of other people in the equation, and between people who trust people more than they trust their investment choices, or that this investment is inherently dangerous. .
The presence of people with high degrees of corruption increases the danger of the field and, unfortunately, makes people alienate from it quickly.

xSkylarx

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Quote from: Lubang Bawah on December 06, 2022, 01:02:49 AM

Quote from: Rehan Zakir on December 05, 2022, 01:10:58 PM

No doubt, there are lot of people's that are always thinking about how to scam with the people's.
There are lot of hackers that have already hacked biggest exchanges of the world such as bitfinex, kucoin, binance, and ftx exchange. Hackers steal millions worth of dollars from exchange. and sell these dollars in market and dump the whole market. So, this is the most ridiculous activity of the crypto market.

According to reports from many sources at this time cryptocurrencies is the second place used for scams, this is what makes many countries worry and make strict regulations, in my country all exchanges must be officially registered so that the site is not registered, it will be banned, p. which is natural because the scam case report from Cryptocurrencies is increasingly massive.

Your country is really fast on implementing this one. Regarding the exchanges that are in your country, are they local? How about those famous or global exchanges? How do they apply for registration so that they won't be banned in your country? If this were happening in all countries, those global exchanges would really have difficulty getting some registrations in specific countries. Only those wallets have been registered in our country because it is really required by the bank and the government which it can boost the confidence of the people to put money in their website.

Furious 7

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Quote from: Leviathan.007 on December 06, 2022, 02:12:15 PM

That's sad to see these happen to the market especially if you consider most of these dramas made people not trust the market like fore and had a bad effect on the market but regardless of that, I see one common thing between all these cases, people lost money in every single drama and that's because of lack of knowledge, for example, people were holding money of ftx and they lost money there because they were trusting that platform and holding their money there also in all the cases the owner paid much less compared to the users they were using these platforms.

Actually rather than express disbelief I prefer to remain cautious on this matter.
We know that FTX is one of the surprising things this year and indeed we have to realize that something like this can definitely happen especially for Crypto so we really have to be more careful so we don't fall into abyss like this.
In Crypto there are lots of Scams and we realize that we cannot deny that because indeed what is said is also a lot of evidence but on the other hand we also have to look at the bright side because in Crypto I learned a lot and of course not trusting other people too much is the basic thing what to believe.

FanEagle

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Quote from: Swordsoffreedom on December 04, 2022, 10:33:07 PM

it's funny when investors lose money, and they find ways to blame the developers without ever admitting that they are greedy. If they are not greedy, no one can cheat them. If you want high profits, you must accept high risks, if you want to be safe without risk, invest in gold, and don't invest in cryptocurrencies. The market is a battlefield, there are winners and there are losers, so make sure you are ready to invest.

Developers are the reason why something goes down, but it is investors to blame for putting their money into something like that. We could separate the two and say that it is both true. Yes, it is the devs of the projects that make mistakes that drop the price, so the investors are not wrong to blame developers for the price drop, that part is true.

However, they do not realize that it is them to blame for putting their money into a project that has a developer which failed eventually, find better developers to trust. So, both the investor and the developer is there to blame in these situations and I believe it will stay that way for a long time.

Leviathan.007

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Leading Crypto Sports Betting & Casino Platform

That's sad to see these happen to the market especially if you consider most of these dramas made people not trust the market like fore and had a bad effect on the market but regardless of that, I see one common thing between all these cases, people lost money in every single drama and that's because of lack of knowledge, for example, people were holding money of ftx and they lost money there because they were trusting that platform and holding their money there also in all the cases the owner paid much less compared to the users they were using these platforms.

Lubang Bawah

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Activity: 1358

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Quote from: Rehan Zakir on December 05, 2022, 01:10:58 PM

No doubt, there are lot of people's that are always thinking about how to scam with the people's.
There are lot of hackers that have already hacked biggest exchanges of the world such as bitfinex, kucoin, binance, and ftx exchange. Hackers steal millions worth of dollars from exchange. and sell these dollars in market and dump the whole market. So, this is the most ridiculous activity of the crypto market.

According to reports from many sources at this time cryptocurrencies is the second place used for scams, this is what makes many countries worry and make strict regulations, in my country all exchanges must be officially registered so that the site is not registered, it will be banned, p. which is natural because the scam case report from Cryptocurrencies is increasingly massive.

Bitstar_coin

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SecureShift.io | Crypto-Exchange

There are bad eggs in every sector, no place is free of these type of people. But they seem to be more in crypto because of its decentralized no regulatory system nature. Hence it is upto the investors to do their very best to limit such situations.
If you look at all the events that occur, they all have one thing in common - which is having lots of investors money under their care. Money always come with temptation and a reckless team with so much money under their control will get carried away.

Rehan Zakir

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No doubt, there are lot of people's that are always thinking about how to scam with the people's.
There are lot of hackers that have already hacked biggest exchanges of the world such as bitfinex, kucoin, binance, and ftx exchange. Hackers steal millions worth of dollars from exchange. and sell these dollars in market and dump the whole market. So, this is the most ridiculous activity of the crypto market.

Semar Mesem

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Cryptocurrencies are indeed the easiest project to develop money, I've heard the story of someone who had a capital of $ 1 million then made a meme token project on the BSC network, long story short in 6 months he was able to get a profit of more than $ 15 million, after the project died he made many more projects.

Swordsoffreedom

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Leading Crypto Sports Betting & Casino Platform

Quote from: Zilon on December 01, 2022, 02:07:40 PM

A good investor makes provision for the worst occurrence, Before making an investment there should be a reserve incase it doesn't work out or incase the project fails . Using all one has to invest in crypto including Bitcoin is a big sign of greed. There should be a plan B incase things get sore. Scammers will never be eradicated from the crypto space. It should be a reminder that where ever success is found opportunist will want to reap from where the never sowed.

I will never blame scammers for taking what is not theirs i will blame the greedy for hoping to get so much from going all in to a project that has no consensus, no structure, no reasonable purpose. I believe the crypto space is forever evolving new opportunities are coming in daily so why risk it all in something that is not certain. keeping the risk affordable will even make an investor more prepared for bigger offers.

You are right, it's funny when investors lose money, and they find ways to blame the developers without ever admitting that they are greedy. If they are not greedy, no one can cheat them. If you want high profits, you must accept high risks, if you want to be safe without risk, invest in gold, and don't invest in cryptocurrencies. The market is a battlefield, there are winners and there are losers, so make sure you are ready to invest.

Riodarvg

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More problems arise due to human greed and lapses in financial management. Centralized exchanges are very risky. We should not trust any exchanges lightly. We should trust DEX more and store assets in personal wallets.
In the encryption industry, we must have more experience and ability to choose, and we must always remain vigilant and redouble our caution so as not to fall into more difficulties.

panganib999

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Quote from: gantez on November 21, 2022, 09:17:09 AM

It is avoidable when hodlers choose rightly to invest properly and not giving centralised system this chance to always scam them. The point to this is to not give scammers this opportunity, close the loop holes. For exchange you don't leave your coins with the exchange this is why the huge sum of estimated $10 billion was lost in FTZ scam. Another is to invest major in bitcoin because some investors want to buy cheap unit of coins , accumulation of satoshi is more secured.

These crypto projects were the "right fit" so they say when they were at the height of their productivity, now it's dirt cheap and people are calling it a shitcoin despite signs and analyses back then stating these projects are the next big thing in crypto. The thing is there's no real "right fit" project at all, only projects that deliver what they promise and go beyond what they are ought to provide. Analyses could only get you so far, and is always to be taken with a grain of salt no matter how reputable a project is. Doing your own research is still king, because you can't trust anyone more than you can trust yourself and your gut feeling as well as a research and study of market parameters that you yourself have observed.

BRINIRHA

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Quote from: Wong Goblog on December 03, 2022, 04:56:51 AM

Corruption and scam is currently very sad and makes many panic, many large projects have collapsed because of the greed of the developer so as to make the market drop, the Luna and FTX case makes the market continue to drop and we are certainly worried if there is the same case again so that it makes the market continue to continue dim and slowly die.

actually after the FTX bankruptcy we have seen in the near future several other exchanges that have filed for bankruptcy. However, it seems that this has not had much effect and now it seems that crypto players are getting used to such fud news and I think the fear indicator is starting to decrease. and the market is slowly recovering. But I didn't know there would be Fud especially in front there which would make the market go down again.

Wong Goblog

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Corruption and scam is currently very sad and makes many panic, many large projects have collapsed because of the greed of the developer so as to make the market drop, the Luna and FTX case makes the market continue to drop and we are certainly worried if there is the same case again so that it makes the market continue to continue dim and slowly die.

Raflesia

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_""""Duelbits""""_

Quote from: coupable on December 01, 2022, 03:56:51 PM

A good investor can easily conclude that the crypto field is one of the most dangerous areas for investment, and therefore the profit rate is large. And one of the manifestations of this danger is not only the sharp fluctuation of prices, but also the presence of corrupt people who are ready to deceive you or persuade you to hand them your private keys or sell you false products that are useless, such as those who sell investment advice in private Telegram channels.
Special care must be taken while investing. There is no guarantee of the integrity of individuals in this sector, which takes place most of its activities virtually on the Internet.

In fact, they should be aware that this is where a lot of scams are happening, so they should consider what type of investment and coin they want in this case.
The big profit we get is a bonus from us being here, but of course we can't just look at the sweetness because we have to pay attention to the worst possibilities that will happen and of course one of them is fraud like this so we have to always be vigilant so we don't get caught up in something like this.

coupable

hero member

Activity: 2338

Merit: 757

A good investor can easily conclude that the crypto field is one of the most dangerous areas for investment, and therefore the profit rate is large. And one of the manifestations of this danger is not only the sharp fluctuation of prices, but also the presence of corrupt people who are ready to deceive you or persuade you to hand them your private keys or sell you false products that are useless, such as those who sell investment advice in private Telegram channels.
Special care must be taken while investing. There is no guarantee of the integrity of individuals in this sector, which takes place most of its activities virtually on the Internet.

Topic: Corrupt people in crypto - page 2. (Read 1402 times)