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In cases like this it is really easy to tell since the whole thing appears to have been some exchange website where you traded dollars for the supposed crypto c
by Stagnant 3y ago
In cases like this it is really easy to tell since the whole thing appears to have been some exchange website where you traded dollars for the supposed crypto coin but there was no way of taking those coins out (because the blockchain and coin didnt exist in the first place). In a sense it really wasn't an actual crypto scam, but a traditional ponzi scheme marketing itself with crypto buzzwords.
- amenhotep 3y agoNot even a traditional ponzi scheme, that would be using new funds to pay returns to older marks. I can't figure out if just taking people's money and telling them it's going up but refusing to give it back has a name or if it's just, you know, lying.