CRYPTOCURRENCY FRAUD RISKS EVOLVING AS THESE E-MONEY SYSTEMS GROW

WHILE crypto-currencies such as Bitcoin, Ethereum, Monero and the others have built their reputation and success of the reliability of their blockchain-based transaction records, it does not mean that these financial systems are immune to fraud. Indeed, fraudsters have found ample opportunities to exploit and subvert the eco-system that surrounds cryptocurrencies. Fake initial coin offerings (ICOs), where a fraudster sells for fiat money a ‘token’ which they falsely claim give the buyer access to crypto-currency, continue to occur. Jeffrey Robinson, the US ...


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