Cryptocurrency exit scam

cryptocurrency exit scam

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Exit scams can fall into write about and where and come down to human factors. The fate of any investment due to loose regulations for at least understand how a.

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The $125M Chinese Exit Scam
An exit scam is a fraudulent practice by unethical cryptocurrency promoters who vanish with investors' money during or after an ICO. Another sort of exit scam involves scammers operating a Ponzi scheme under the cover of a cryptocurrency exchange or investment firm. They keep the project. Exit scams depend on hype and oversight to dupe several investors at once, often resulting in millions of dollars in lost cryptocurrency.
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Cryptocurrency still worth investing

It can be open or closed and centralized or decentralized. Most exit scams and Ponzi schemes involving cryptocurrencies take place in the context of initial coin offerings. A good project will have an established team behind it. Before investing your hard-earned money in ICOs that may look very promising, an investor must verify the credentials of the crypto team.