Before Any Crypto Investment Guides To Avoid Sc Ms And Make Fortunes Leveraging Cryptocurrency(1st Edition)
Authors:
Alex B. Guzman
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Book details
ISBN: 979-8356598722
Book publisher: Independently published
Book Summary: A recent estimate claims that thieves stole $14 billion in cryptocurrencies in 2021, breaking the previous high.The "2022 Crypto Crime Report," released on January 6 by blockchain analytics firm "Chainalysis," estimates that it will be almost twice as significant as the $7.8 billion that fraudsters stole in 2020.Given the surge of interest in cryptocurrencies over the last few years, it is understandable that "Olympic-position fraudsters" have identified new opportunities for illicit actions, according to a popular investor of high repute William E. Quigley, who also co-founded "the WAX blockchain".Quigley made the prediction at a panel discussion hosted by the blockchain business Light Knot Media. He said that the high-tech nature of cryptocurrencies will continue to attract scam artists.Take the current "Squid Game" hoax, for instance, in which investors assert that a new cryptocurrency token named SQUID and a related immersive online game were nothing more than a cunning ruse. Investors assert that the creators split up after the currency's value skyrocketed and reportedly cashed out with more than $3 million.Investors in cryptocurrencies are increasing their risk of fraud and swindles whether they like it or not.Grab a copy of this book to learn about common scams and warning flags to look out for whether you now own cryptocurrency investments or want to do so in the future.
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