Anyone who’s spent any time in cryptocurrency communities knows fraud is a widespread issue. We’ve seen ‘pump and dump’ tactics, Ponzi schemes, Twitter cryptocurrency scambots impersonating tech moguls like Elon Musk, and multi-million dollar exit-scams. All of these put investors at risk. The Texas State Securities board investigated 32 cryptocurrency investment promoters investigated in four weeks, with at least five failed to tell would-be investors about the risks while guaranteeing returns of up to 40 percent a month. Furthermore, nearly two-thirds failed to provide a physical address. This should be enough to set off alarm bells as lack of information…
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