Yuliya Prokopyshyn explores various cryptocurrency scams and how investors can remain vigilant
From phishing and copycats to fake lotteries and dating scams, scams continue to target everyone regardless of age, race or education. Web 2.0 made it easy for scammers to trick people into giving away their money and personal information and made millions off individuals becoming their victims. Web 3.0 has been no different, with many believing that digital scams are having something of a renaissance.
By the time many of us learned how to identify the usual online scams, Web 3.0 had emerged. Despite trust being a core element of Web 3.0 world, as all transactions on the blockchain are recorded publicly in an immutable digital ledger, there is no requirement that people attach their real names or identities to those transactions. T...
“OneCoin was one of the first major crypto fraud schemes and is still one of the biggest scams in history.”
