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Just so we are all aware, crypto does not solve fraud. The result would have been the same if they paid in Bitcoin.
by yardie 5y ago
Just so we are all aware, crypto does not solve fraud. The result would have been the same if they paid in Bitcoin.
- usrn 5y agoRight but usually people argue banks prevent this sort of thing and that's one of the main downsides to crypto. It turns out banks don't.
- formerkrogemp 5y agoBanks and even western union at the gas station or grocery store do often catch fraud preying upon old people to send money. It just isn't foolproof.
- fortran77 5y agoFake invoice scams have been around for a long time.
- formerkrogemp 5y agoThey have been getting more sophisticated over time as well. GPT and GAN generated or hand tailored phishing will do in even trained professionals at times.
- gruez 5y agookay? I'm not aware of anyone who thought crypto solved fraud in the first place.
- formerkrogemp 5y ago