Cryptocurrency Scams are on a High Rise; A 1000% Increase Registered, Billions Lost

Source: CoinIdol
Source Tags: Cryptocurrency, Scam, UK, Investing, Coronavirus, Digital currency, Assets, Bitcoin, Online, Money
Related Cryptocurrency: BTC
  

Summary

There has been a significant increase in the use of digital currencies ever since Covid-19 pandemic started. However, scammers have taken advantage of the pandemic to scam cryptocurrency users, investors and other innocent people. Last week alone, an investor in the UK lost more than $283,200 through a cryptocurrency scam.

 

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