Crypto scam in Taiwan exceeded $30 million

According to Gao Hongay, Taiwan politician, the investment frauds and blockchain scams last year have significantly increased.

Crypto investors should be especially careful. During the governmental press conference experts demonstrated various devices invented and spread be crypto fraudsters, including credit cards and mobile network cards.

Hong Zhenzhe, the head of banking department at the Commission for financial management, said that investors should consider all possible risks before putting money into cryptos. He warned that if an investment instrument promises higher profit than the traditional market this can be related to illicit activities and scam.

Bitcoin, Ethereum and blockchain have become “trend” words. Furthermore, the technology’s utility for issuing new tokens and high price volatility lead to the increase of speculations and scam.

In result of some well-known crypto cons like Plustoken investors lost about 200 000 BTC. One American criminal had recently been reported missing for a crypto scam amounting to $722 million, and was finally arrested in Indonesia for sexual offenses. Previously the Federal trading commission. published an article entitled “What you should know about crypto?” that describes differences between cryptocurrencies and fiat.

Ранее Федеральная торговая комиссия опубликовала страницу «Что нужно знать о криптовалюте», в которой подчеркивается разница между криптовалютой и фиатом.

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