Scam

The UK Financial Conduct Authority (FCA) accuses Kim Kardashian of promoting a risky cryptoasset token that could be a scam. Is this a result of a lack of awareness or a drive for money?

Initially perceived as a scam and unreliable, digital currencies were only worth a few cents. Today, things are different as the cryptocurrency industry has grown immensely. This growth has brought with it some ridiculous stories worth telling.

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There isn't a single lucrative business in this world that doesn't attract the attention of scammers. Almost every cryptocurrency exchange has its "full-time" experienced scammer. Below are useful tips on how to overcome scams in 2021.

There has been a significant increase in the use of digital currencies ever since Covid-19 pandemic started. However, scammers have taken advantage of the pandemic to scam cryptocurrency users, investors and other innocent people. Last week alone, an investor in the UK lost more than $283,200 through a cryptocurrency scam.

As the use of cryptocurrency is becoming mainstream globally especially in this Covid-19 pandemic era, scammers have found it as the easiest way of making free money. Scammers have managed to steal more than $80 million from cryptocurrency investors in just 6 months.