The world of cryptocurrency is full of scammers. Cryptocurrencies provide the perfect tool to allow scammers to take advantage of people.
Two reasons scammers love cryptocurrency:
Cryptocurrencies are private
Cryptocurrencies do not allow chargebacks
While these are both wonderful features in certain situations, so many cryptocurrency issues could be prevented by allowing chargebacks while maintaining privacy. Preventing scammers would significantly prevent
The biggest known scammers in the world of cryptocurrency have gotten away with 100s of millions of dollars in fake Initial Coin Offerings, by promising investors large returns on their investment.
Scammers are tricky, while working on our own cryptocurrency, Frink, we have constantly been approached by and have learned to avoid these scams. The scammers come with all sorts of stories and claim to be famous cryptocurrency influencer marketers who will make our currency popular after we send them some Bitcoin, or future employees who desire to translate our papers into different languages for us or are going to introduce to investors.
Unfortunately one or two of these scammers did succeed in tricking employees at Frink. While relatively small amounts were taken. I hope you can see that we at Frink, we completely understand just how frustrating and heartbreaking it can be to be scammed. And we understand the desire to fight back against the scammers. Let’s work together to rid the world