However, the company's crusade
against cryptocurrency scams has already inadvertently caught several legitimate accounts in its net.
Even when Facebook took a stand
against cryptocurrency scams and banned any advertising therein, it was quickly circumvented with clever ploys.
Not exact matches
In this post, we'll cover what are the primary attack vectors for
cryptocurrency scams, as well as how to stay safe
against them.
On Monday, a South Korean top financial regulator announced that the South Korean Ministry of Justice is considering banning all types of
cryptocurrency transactions in the country to protect people
against scams, even though an estimated 1 million South Koreans own bitcoin.
Other moves
against alleged
scams in recent weeks sees the US CFTTC filing charges
against My Big Coin, an alleged
cryptocurrency - based Ponzi accused of misappropriating over $ 6 million in customer funds.
Cryptocurrency scams are nothing new and have seen a number of regulators and watchdogs turning up their scrutiny
against fraudulent crypto - related investment schemes.
Against the backdrop of a lot of discontent caused by the rising cases of
scams, the Australian Taxation Office recently asked taxpayers to submit their input in deciding how tax deductions from
cryptocurrency profits should be collected.
A Louisville resident has filed a lawsuit
against a firm based in the UK in a federal court, claiming he was swindled by a
cryptocurrency scam investment scheme organized by the company.