Crypto scams running rampant! FOMO could make you a victim of these fraud schemes
Cryptocurrencies have been called a lot of names in the past decade, from a game-changer, a revolutionary idea that will change world economics to a sham that will bring the next big recession. But there’s no denying that it is making people stand up and notice, even in non-tech-savvy circles. But that exposure also increases the chances of scams and there are plenty of those in the market. Here we will discuss some of the scams that have been plaguing the crypto world with the help of some stakeholders who have some skin in the game. Aritra Sarkhel, Director, Public Policy at WazirX emphasizes the need for research before jumping into the crypto investment arena. Even with numerous influencers online, there’s no substitute for ‘DYOR’ (Do Your Own Research). Sarkhel said, “The most important thing that investors should follow is DYOR or Do Your Own Research to understand the crypto asset they want to invest in and details about the project it’s related to. In addition, also check d