Tag: Scam

Scam is basically fraud and dishonestly with the aim of obtaining benefits or favor from an individual or group of individuals. The development of the internet broadens the scope for scammers as the new platform allowed scamming to occur overseas without meeting the person or people face to face. The cryptocurrency space is a variety of scammers masquerading as new coins (altcoins) and requesting users to contribute money towards their projects through Initial Coin Offering (ICO), a new way of raising investment capital by firms mainly operating on the blockchain space. Vigilance and reading reviews is one of the most obvious step in avoiding financial losses to cryptocurrency scams.