Another Scamcoin detected. How to identify signs of fraud
The world of Bitcoin and digital currencies has often been described by many critics as the “new Wild West”. In fact, this year we have seen a growing number of new scam coins being introduced, many of them designed by the same scammers. The crypto currency community is tired of all this fraud schemes and is starting to demand a lot more proof from coin Devs and the number of launches and scams has been slowing down ever since. Just as legitimate consumers and companies are exploring and adopting new uses for cryptocurrencies, so, too, are hackers and fraudsters. This time Bittrex exchange....
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The list comes out as part of Australia's 2022 Scams Awareness Week. Australia’s market regulator has released a list of the “top-10 ways to spot a crypto scam," amid a detected rise in crypto-related investment scams this year.The Australian Securities and Investment Commission's (ASIC's) public advisory statement was published as part of Scams Awareness Week 2022, an initiative that teaches Australians how to identify all forms of scams. The campaign takes place between Nov. 7 to 11.ASIC said that Australians had already lost more through “investment scams” in 2022 than the total $701....
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