Cryptocurrency Q&A Where did a crypto scam start?

Where did a crypto scam start?

KDramaLegendaryStarlightFestival KDramaLegendaryStarlightFestival Wed Aug 07 2024 | 7 answers 1465
Could you elaborate on the origins of a cryptocurrency scam? Where does the deception typically originate? Is it a specific individual, group, or platform that initiates these fraudulent activities? Understanding the roots of these scams is crucial in preventing future victims and holding perpetrators accountable. Where did a crypto scam start?

7 answers

CryptoEagle CryptoEagle Fri Aug 09 2024
Specifically, 32% of the victims who specified the platform attributed their initial encounter with the scam to Instagram, highlighting the platform's vulnerability to such schemes.

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IncheonBeautyBloomingRadianceGlow IncheonBeautyBloomingRadianceGlow Fri Aug 09 2024
Since 2021, an alarming trend has emerged in the cryptocurrency landscape: a significant portion of individuals who have fallen victim to scams report that their ordeal began on social media platforms.

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Andrea Andrea Fri Aug 09 2024
Closely following Instagram is Facebook, where 26% of the respondents cited it as the starting point of their unfortunate experience with crypto scams.

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isabella_taylor_activist isabella_taylor_activist Fri Aug 09 2024
These individuals recount that their journey into the treacherous world of crypto scams often initiated with an innocuous ad, post, or message.

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Margherita Margherita Fri Aug 09 2024
WhatsApp, a popular messaging service, also emerged as a venue for such scams, with 9% of the victims reporting that their ordeal began with a message on the platform.

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