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Crypto Fraud – Matter Of Concern !!
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The fraud related with cryptocurrency has become a major topic of discussion for the government enforcement parties, trying to address its various forms.
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Where, Crypto fraud is actually interlinked with the crypto wallets and the scammers make investors indulge in such a fraud by asking them to pay in cryptocurrency for right to recruit others in a program and the more one pay’s in cryptocurrency
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the more money is being promised to be made by the investor investing money. This how the scammers trap the innocent investors in crypto fraud as all such promises are fake and guarantees are also false.
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Major Findings Of Chainalysis
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Findings Of 2020
It was found that less than $162 million worth of cryptocurrency was taken from DeFi base and this came out to be 31% of the year’s total amount stolen and this described 335% raise on total stolen from the DeFi base in 2019.
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Therefore, before investing with crypto just be aware of the crypto hacks and invest only after doing proper homework on the chosen cryptocurrency.