Beware: 4 Typical Bitcoin Scams in Mining, Investment, Wallets, Exchange
We have collected four typical scams to remind you that Bitcoin is just cash, and you should take care to use it as real money: Carefully. Most frauds and scams don’t happen because of the technology involved but rather due to the underlying greed and callousness on the part of the users. Secret Service accounts theft. There is something about Bitcoin that attracts all kinds of scam artists and frauds. It even has the potential to turn secret service agents into thieves. In December 2015 ex-Secret Service agent Shaun Bridges was sentenced to nearly six years in prison after pleading guilty....
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The U.S. Securities and Exchange Commission (SEC) has issued a warning about fraudulent investment schemes involving cryptocurrencies. The regulator notes that some investors may have fear of missing out (FOMO) given the rise in prices of some crypto assets in recent years.
SEC Warns Investors of Crypto Scams
The U.S. Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) and Division of Enforcement’s Retail Strategy Task Force (RSTF) issued an Investor Alert on crypto investment scams last week.
The notice explains that....