Executive Summary 🔗︎ The growing popularity of cryptocurrencies has led to the rise of frauds and scams against those who use them. As with any other type of cyber-enabled fraud, people are often sold on some seemingly unbeatable offer via social media or email. However, this often results in great losses to those hasty enough…
With the rise of crypto millionaires flooding social media feeds and the global adoption of cryptocurrencies, a new form of scamming prevails – fake cryptocurrency exchanges – luring new investors looking to be part of the winnings. Below are some examples of the most common ways investors lose their money to scammers. Pig Butchering: Refers…
The United Kingdom’s financial authorities, the Treasury’s Office of Financial Sanctions Implementation, introduced new guidelines for the operation of cryptocurrency exchanges in the country. The new rules stipulate numerous restrictions and requirements regarding sanctions regimes and oblige all exchanges and wallets operating in the UK to report on violations. The new guidelines have seen the…
The emergence of cryptocurrencies to the forefront of finance as a prominent investment vehicle is no surprise to anybody. Their revolutionary use cases drive investor confidence, and the need to acquire these decentralized assets is shooting up. Moreover, sufficient liquidity required for the burgeoning demand is being maintained by centralized exchanges that often act as…
