Financial Post - 'I need justice': The lawless world of crypto scams

in blockchain •  2 years ago 

https://financialpost.com/fp-finance/i-need-justice-the-lawless-world-of-crypto-scams
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Due to the immutable, anonymous and global nature of cryptocurrencies, it is clearly attractive to fraudsters, said Rich Drury of FOS.

Lili is one of the thousands of victims of the scam that accompanies the cryptocurrency boom, which takes place outside the systems of regulated financial institutions with consumer legal protections.

It is ironic when Lili can only appeal to the bank to try to get her lost money back, even though cryptocurrency was created to avoid traditional financial institutions that are said extorted the little guys.

Watch out for crypto scams that are increasingly rampant!!

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