Part 8/9:
The Dark Side of Cryptocurrency
These cautionary tales highlight the vulnerability of investors within the crypto ecosystem. With minimal regulation and oversight, cryptocurrency has offered fertile ground for scammers ranging from exit artists to unscrupulous marketers. The "pump and dump" schemes, wherein influencers artificially inflate currency prices to profit off unsuspecting investors, have become all too common.
As cryptocurrencies continue to gain popularity, the potential for scams grows exponentially. As the industry matures and the landscape becomes more complex, educating oneself about the warning signs of fraud is paramount.