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Just like i used to include in my points that scammers is the main problem crypto is facing presently i come across this news on the internet today about how scammers keep on contrarily influence the digital currencies. As indicated by Changpeng Zhao, the CEO and originator of Binance, there are in excess of 1,500 Binance con artists on the expert informal community LinkedIn. The quantity of Binance scammers on LinkedIn can in the end arrive at 1,605. Now imagine how big scammers are damaging crypto

Full news here
https://usethebitcoin.com/beware-of-crypto-scammers-1500-scammers-impersonate-binance-on-linkedin/

It is the biggest problem that we cannot fully stop even in fiat scammers are rampant but in crypto currencies they are more active as they have plenty of scheme on how to steal the others money.

That is only one of their scheme, copy the image of big exchange or reputable project and they will do their best to exploit money from inexperience crypto users.

We as users should also protect ourselves and warn others if it's possible in our situation. Scammers are not only staying to the crypto market but they are everywhere as long as there's a monetary benefit that they can take. Don't worry karma is real and these scammers will suffer in the right time but right now, we have to be aware of every transaction and investments that we do.

Personally I think the main problem here is not only about scammers but education is one of the major role that caused cryptocurrency to be tainted and connected as a fraud. Many people do not do something called research before doing something, the majority of people who got scammed did not do proper research about what they were engaging for and in result leading them to get scammed by the scammers.

just if all of us have just a little bit of knowledge about cryptocurrency and have good control over our emotions, this scammer will not damage cryptocurrency this severely.

Fiat scammers are rampantly increasing as well but seems it will affect crypto more because its digital, even crypto investors wannabes are scared of investing now, i have few friends in my street that wants to invest but due to the scam news going around they are scared

Scammers will never disappear and that's a big problem also in the real world scamer is always there, especially in the cryptocurrency world, and indeed scamer is looking for a loophole to steal money from investors in the digital world that is easily hacked so we must be careful.

I also do not imagine Binance is a big exchange but scamer is also the most widely seen from the order of the article. what is the solution from CZ about this.

as long as there is money included, there will always be a scammer. They always targeted those people who gives low priority of security from their cryptocurrency and also where there is investor involve, and in crypto all investment can be done.

IMO the number of scammers decreased a bit since there are no more numerous ICO's. I remember a lot of ICO projects were initially scams.
But since the crypto is still developing scammers have all the possibilities to scam people who are new to crypto space.
The methods are almost the same - phishing, deceiving etc but the amount of fake ICO's decreased since ICO's are in trouble.
Everyone in crypto space was scammed at least once IMHO.

Education? really? it means you must be a well educated someone, so tell me since you entered crypto world haven't you get scammed just once? its impossible friend, education and getting scammed is not same thing, no matter how educated you are it doesn't safe you from scammers

Some of these scammers can really spoof some emails or make a response like they knew what they are doing. They could be the ones pretending to be admins in the telegram channel of some developer's team, an unsuspecting user could fall into their trap and will send money to them and then binance still will be to blame. Binance can report the linkedin pages to the linkedin itself so they can check the impostors pages to take down.

I completely agree. With the advent of cryptocurrencies, there are a lot of scammers and thiefs in this area. This is primarily due to the fact that they are confident in their impunity. And it is not known when government agencies will begin to prosecute such people and whether this is possible, because cryptocurrencies are anonymous.

I agree to it partially. Most of the people who have been scammed would have at least made 1 mistake due to which the scammer was successful in scamming the victim.
It's obvious that we have to be careful and research on everything before we pay anybody.
Yes the education plays an important role but I have also seen many educated people making mistakes due to which they lose their money.
So we have to be right on our side before we complaint about others.

Did I say about well-educated above? knowing about the object they are engaging with can be considered as education.
How it is not going to save you from the scammers if you know what you are dealing with? let's talk about the giveaway on Twitter as an example,
the scammer created a bot impersonating a well-known crypto influencer and asking you to give some money to them to participate in the giveaway. If you do not know what you are dealing with, you will get scammed by them. But because you know, you avoid it and save yourself from the scam.

then do you think education is unimportant in this problem? do you even understand what I am talking about?

It make sense to say scammers will never disappear from crypto world but at least there will be limits, if crypto scammers are getting nailed starting from now there will be fear in this crypto space and once there is fear scammers won't be bold to use their real identity and people won't have to invest in projects with anonymous teams

investors are decreasing, scammers are increasing. Many new investors who jump into the world of crypto are trapped in the dirty game of scammers who then make crypto known as a scammer's lair. Investors must be smarter than scammers so they don't get caught up, have to be more updated and stay alert. report and spread on forums and other media if you know a scammer so that other people don't get caught in the same dirty game.

it just needs to be controlled somehow, a special Department of cryptopolition is needed, then everything can get better and the crypto currency will begin to grow. just a lot of scams are holding up the growth of the crypto world

That is the problem with having no regulations. Since, cryptocurrencies are largely decentralized and there is no central authority. You're your own bank and responsible for the safety of your own funds, the problem of scams and hacks have become a big problem. If you are trusting a third party, be it exchange, wallets or anything, you should understand the risk associated with it. Exchnages can definitely work on eliminating such hacks and scams. But the interesting thing is that the exchanges themselves are involved in manipulation. So, at the end, yes crypto is a highly manipulated space. Thus, our safety lies in our own hands.

I am agree with you. Because all we know that the cases of scam and fraud here in crypto world are continue to grow so it can affect so many factors here in crypto world. As a user or investor you will afraid and set limitation in your usage and investment. And I can see that scam is the number one factor that government will consider why they against in crypto.

Scammers are not only in the crypto environment. But they are always there wherever you are. Therefore, you must always be ready and alert to acts of fraud that might occur to yourself. Before thinking of a larger scale, you better prepare yourself to face it. If individually we are ready and can plan something to deal with it, then we do not need to worry anymore with the impact caused. Every day everyone is also growing and not always easily caught up in their game.

Let's face the truth.. There are scammers in every industry in the world. Take for example the car industry, forex, stocks, you name it. People will find ways to make money in ilegitimate ways until the end of the world. That's how some people are wired, they want to make it the easy way, but if you look closely, stealing is not the easy way because you will live a miserable life.

I wouldn't say that scammers are the biggest problem in crypto, but we should take the necessary measures to point them out and especially make informative campaigns for beginners on how to stay away from potential con artists.

In the crypto world that is anonymous or not, scam acts often occur. The trigger is that they can have a lot of money easily. Create a new project, open ICO or IEO then spread the news to the forum. One thing that is certain is that a scammer will always be around as long as the crypto world is on. Either a scam project, or an individual scammer, or a runaway developer. To be sure, multiply your knowledge and expand research before plunging.

I still can't understand what the fate of altcoins will be in coming years, scammers keep ruining everything and i doubt if regulation will make a difference or even worsen the problem because i research on the biggest crypto scam project which was bitconnect and they said FBI are on the case but till today nothing.

this is what will come to the attention of the government. does it need legal regulation or not for crypto. the concept of crypto decentralization which should be a breakthrough for future financial transactions. now it has been used by scammers. besides that most of the crypto users today are beginners who lack learning about crypto.

In my opinion, every government must work towards legalizing cryptocurrencies, so at least scams through startups with their ICOs get in check. I see millions of dollars being invested but as soon as the coin hits the market the founders sell their share making profits for themselves and resulting loss for the investors and users.

All this comes down to the individuals who don't invest their time doing proper research before investing their hard-earned money. Scams have been happening for centuries, changing their form as technology changes and we must educate ourselves to avoid them.

What can we do we don't have regulation and scammers can easily get away, if they are caught they will just rest a few weeks and after that they are here again with a new look a new site a new concept but same people, scamming investors, it's an endless cycle that won't end.

False identities isn't a cryptoscene problem. The problem is that in Linkedin is unregulated and accounts are not a proof of anything.
Literally anyone can create a page there and fake an education and work history; there's no trust system of any kind.
Funny thing is that this could be probably solved with a zero-knowledge proof.
Right now we are the perfect target group for scammers, but that's one of the things we have to pay for not being a regulated space.
We might not fix stupidity, but we can fix the issue with false identities.

Scammers these days are broad even in banks and other domains. In the crypto world, it’s really the problem facing these days and scammers continue on their wrongdoings as this their way to have an easy money. Never invest without knowing the project. So people should go through studying a project first before concluding to invest.

Scammers take the crypto opportunity to fool people and to steal their earnings. That why we have to be smart to get rid of them. We can't fully eliminate them so we must be the one to think of ways to avoid them. It's also a good thing the crypto users here are always reminding each other to be aware of scammers. I wish that time will come where we will be able to erase them in crypto world.

We can't rely on any form of laws to deal with scammers, all we need is within us by identifying scam projects we need thorough researches and avoid them at all cost, when people start doing this scammers will become powerless, the first lesson for all crypto newbies is doing research and we must let them know that scammers are always present in crypto space

Every day I receive a huge amount of messages from telegrams and e-mails from some scam campaigns and some scam people. every day they try to steal a huge amount of user money. we must all be very careful

That's the fact,scammers are everywhere and trying to eliminate them is simply futile but scam can be prevented by using education. by educating people in crypto the scam will drastically go down because fewer people are getting trapped. it's like the case of why people are switching from ICO to IEO they are just tired of being scammed and only invest into something that has a really small chance to be scam and more legit despite all the complicated requirement to enroll into only one IEO from big popular exchange they'd still prefer it over losing money.

There will always be scammer in something that exist in the internet. Because the scamers can hide their identity so they will scam people who are not aware and less careful in cryptocurrency, or greedy people who wants quick profits but ended scammed by the scammer.

Scammer make crypto in the world bad with their project and always make investor less trusted with crypto world, when scammed make new coin investor buy without check who is owner of coin ICO, after success they gone and make crypto name become bad for the world and investor claim all ICO and altcoin world is scam, but just few ICO with not trusted owner make bitcoin and altcoin bad.

I think cryptocurrency is a repository of fraudsters and criminals like that because with cryptocurrency all the proceeds of crime can be disbursed without the knowledge of the victims meaning that the best money laundering does exist in cryptocurrency and this makes the image of the name cryptocurrency worse.

The frauds and scammers are everywhere and they try to take advantage of the stupid people in the market and if some people are falling for the scams then you can call them dumb, i have seen many projects in the market advertising promising future but felt through in the end and majority of the projects were created to make money from the new market. Bitcoin is the only coin you can trust and if you stick to the core then no one is able to scam you.

Scammers are everywhere wether online or personal. We can't stop these people to what they are doing but we can rather protect ourselves from the harm they are bringing to us. I'm pretty sure a social media platfrom such as Linkedin have already fugured this out and they are currently evaluating possible solutions but as a smart user, we must not be dependent on it.

If the scamer is already so big, then the development of the cryptocurrency world will definitely be hampered, and such a large number is already difficult to destroy, maybe for now we can only be vigilant so as not to include victims of scamer and I am sure they will have their own advantages in creating scamer projects.

Yes, and sometimes the number of scammers is more than that. Therefore, investing in ICO projects is very dangerous when the information of the team is provided in an unrealistic manner. It is clear that an unemployed person can become a great businessman with a series of lies about his career.
This is an alarming situation and we should really be alert.

Not a surprise at all.  There used to be a rash of impersonators on bitcointalk, trying to imitate the profiles of notable escrows and other senior members, all of them trying to pull scams.  Scamming in the ICO space is rampant.  Scamming in the loan and currency exchange sections is also rampant.  So yes, I would agree that this is one of, if not *the*, biggest issue with cryptocurrency.

And we all know why this is.  The anonymity crypto provides along with its inability to reverse transactions once sent makes crypto the ideal playing field for scammers...and it's not going to get better, only worse in my opinion.  The only thing we as a community can do is to be vigilant, skeptical, and try to educate newbies about the dangers inherent in the space. 

When people stop falling for all these scams, there might be some improvement but I'm not exactly hopeful about that.

Scammers are the biggest problem in the crypto space. The crypto world is getting affected due to scammers cheating investors, traders and bounty hunters. So ways must be sought to control scam projects. First of all, people should be fully aware of scam projects. For that, they should research fully beforehand. Regulations can also control scam projects.

It wasn't alarming anymore, we've already known this kind of inevitable action that made by those people who aren't do anything but just to scam others. Feel disgusting how they'll exist but here they are, and they are actually a part of this growing market. They will be the ones to be blamed for ruining the market image but somehow, it is too hard to rid them out. Only we need to be careful and never get tempted for their fool offerings.

The scams are everywhere around you in every feild of work and frauds are commited even in fiat or legal currencies which create a problem for the general public in whole.The scammers have more open ways to attarct people in crypto world like ICO,airdrops,new projects which seems to be attractive and returns are promised but at the end they are scams and raised fund is transferred to their account which cannot be traced.So we cant be safe from them but just try to stay ahead alert from such scams.

yes it is true that scmares are the biggest problem in the cryptoqurrency industry, scamers have damaged the image of projects or other negative things. especially in the past year and this year, scamers are increasingly rampant and always have room for negative actions in this industry including the latest events that you have conveyed.

Scammers made the community of cryptocurrency a miserable one and gave 2018-2019 a worse year.
SCAM ICO- take away the trust of investors and their will to put money on the project. they made the ICO a bad thing to have.
There are and were some best projects we can ever have but still failed due to number of investors join their sales and invest.

Scammers are bad for the crypto world and for the blockchain world. But not only in the crypto world, but in normal life, there are crooks all over the world.

A person of average intelligence can easily recognize a scammer easily. You don't have to be a genius for that. Anyone who offers free money is probably a fraud. In this world, if you see anyone offers anything for "free" is probably a liar.

Some people are thinking that crypto = scam and we should do something with it

don't be surprised if there are many scamers around us, because the crypto space is very large and if there is someone who has skills that are rarely possessed by others, of course it can be misused to make the crypto ponzi scheme become rich. this is what we need to be aware of before doing anything when we are in the world of cryptoqurrency.

I think it's time crypto must be based on law, so scammers will think twice if they want to commit fraud. if there is a strong law, then every person or project that will start will work to its full potential.

We know why scammers can grow big in cryptocurrency, that the freedom of underlying cryptocurrency transactions, then users who lack understanding and other gaps to benefit from new users, this makes scammers still exist. If there are some regulations regarding transactions like now where the exchanger has a requirement that the user must submit KYC, the user will be annoyed because the transaction will be more complicated. Here we need an organization or someone who wants to be consuled by newbie about cryptocurrency that smells of scam, than I know that someone who is new to crypto is definitely more easily influenced by large profits without further researching.

The problem is not the scammers but the ignorance and lack of knowledge of the people in investing. There are scammers if there will be people that are willing to get scammed but there will be no scammers if there are people who are knowledgeable enough to identify if the opportunity that is being offered to them is legit or just a scam. It is all about being educated in managing our own money and also in terms of investing.

Sure, scammers are a problem in the crypto world, but that is even greater because people in the crypto world don't learn how scammers work so they can avoid scammers, the most thought is how to get money quickly without thinking too that can lose quickly because scammers who keep waiting for the time to be able to cheat.

It is true that scammers are one of the main problem in crypto, I guess it comes along with one of the characteristic of crypto which is anonimity which makes it ideal for people to scam other people since they can remain anonymous. I believe this can be lessen if people especially those who are new in crypto will have basic knowledge on how most people get scammed and how to secure their money in crypto.

Even in real life there are lots of scammers, but we cannot control them as they wanted to have an easy money, they don't want to earn in a good day, so the very thing that we need to do right now is to be extra careful, we should not trust in cryptoworld, always give a benefit of the doubt, even he/she is your friend.

Scams are out there, be vigilant and always research with the project/person we are dealing with.

Scammers are part of the crypto problem but I don't know if they are the biggest. They are probably not the biggest. If the crypto community is already wise and informed enough, scammers will also be leaving. The biggest problem in cryptocurrency perhaps is the threat coming from hackers. Hackers are more brilliant and unknown than scammers. They can steal billions in crypto in a matter of minutes. They are harder to find than scammers also.

I think scammers will always come, because people who involved in bitcoin business is keep coming too. What we need to do is like make barrier for them as long they want to listen others. Because sometime there are people who not listen and scammed by scammers.

Scammers will always be there and there is no way for them to leave as long as there is a money involvement, there will be scammers.
Cryptocurrency or digital money is most likely the new target of scammers, but crypto users can avoid them by taking care of their own cryptocurrency inckuding their wallets and investments. As long as we are knowledgeable about crypto and the existence of scammers, we can stop their scam.

The decentralized nature of cryptocurrency makes it easy for them to operator as they want. They come up with different schemes, not minding the damage they are doing to their victims. Some people have in the process lost their entire life savings to scammers and today such people will always talk I'll about cryptocurrency. What I am saying invariably, is that a lot of people  have been discouraged, because of scammers.

Unfortunately, I really don't see this improving much at all in the future when more and more people start getting into crypto. It's been a problem for a long time, and scamming's an issue in almost every single online community. We can do our best here and elsewhere on platforms like Twitter to educate people about scams, but even though most scams are very blatant and simple to determine with a little bit of common sense, there's likely only going to be more and more scammers as time goes on. They're probably going to get more elaborate with time as well, and when they do, posting information about such scams here and elsewhere will help minimize the number of people getting scammed.

We should not trust Linked, Linked is a famous hub of con artist, this is where scam projects get there team, I have seen a carton where it depicts Linked as community of impostors because they are not verifying if what you re putting in your profile are all true, I don't have a premium account here and they don't ask KYC if you are a true professional.

Scammers are the only problem at this point in time which needs to be eradicated. Otherwise this will crush the cryptos. Regulators are struggling on that aspect only. Is there any easy solution for this issue?

the easiest way is to be as attentive as possible and if you are already an expert in cryptocurrency, then teach other people how to become as vigilant and not fall for the tricks of scammers

Due to increasing scam projects, investor are loosing their confidence on new projects and due to which projects even which are genuine, are failing. This in turn taking the mindset of investors and market in negative direction.
We need strong regulations to avoid scams and to increase the confidence of investors so that new projects can come and grow. We can say research in crypto is kind of  getting affected due to scams

In fact, in life in general and in the cryptocurrency market in particular, scammers will never disappear. So the best thing we can do is be careful with all our own transactions and investments.

Not even you did your full research but the potential of getting into scam project still possible. We do have lots of sentiments regarding to this concern but still it's exist and being more developed. Scammers are hiding around by showing realistic and attractive offers, You'll soon realized that you are being victimized when the turned around of the project failed.
You realize that scammers get into you even you responsibly done with doing good research, regulations which been created to help removing the possibilities of scammed projects to continue to exist around this market is needed it should be fully equipped by government rulings.

scammers are painting cryptos world in a bad light non regulation of cryptos has become a gateway for them to has free access to defrauds investors, traders and even exchanges however to control them we have to take extra care and ensured a well secure wallet and firewall avoid phishing links, unsolicited emails etc exchanges should spend more funds to protect their security system etc.  

This problem has not been able to be solved in cryptocurrency because there are too many modes and methods used by scammers to be able to get money by means of business or fake projects so that they will continue to exist until indeed supervision of cryptocurrency must be done

You're a little wrong. I believe that the main problem of cryptocurrency is the lack of state support and the lack of regulators. We all see bakkt inefficiency to date. Scammers are a natural selection and teach the community to avoid fake projects. Now fewer people are becoming victims of fraud and it pleases. They will soon disappear. But regulators continue their opposition.

I agree. It is one of the main reasons why governments in other countries don't trust cryptocurrency because it has a lot of scammers that other people think that crypto is just a scam and it is not profitable, which is not true. Cryptocurrencies are very profitable the only hindrance is that there a lot of fraud and scams, that is why people are afraid to buy cryptocurrency.

People should learn well before getting in crypto because people wants to cheat only those who are not aware of market ups and downs also those who are new and get trapped easily. Knowledge matters  allot in trading for crypto. If you will know the tricks of the scammers you will be able to help yourself avoiding lose.

Reputation wreckers like those are the downfall of this industry but I also believe that it can still heal in time. Public news especially in televisions picked up this kind of information in the worst way, making the whole industry to be blame why the incidents happened. I know some in real life that don't even know the difference between cryptocurrency and bitcoin. Yet, when he hear the local news about it how someone was arrested because of online scam, he had the audacity to generalize the whole industry of crypto as a ponzi scheme.

I agree. Be vigilant and be aware of every scams for not to fall for it. Scammers are everywhere because there are many that are getting their bait without any idea how come that happen. People have to be more knowledgeable than those scammer. To stop them is to stop get into them.

what we can say about scammers is that they will never end as long as there are still many projects or terms to scam. Scammers in crypto world are likely the challenge for us to determine how good our analysis before investment. it is actually very difficult to avoid scammers, but it can be as long as we are m0re careful and not hurry up in a decision.

Yes, this is the biggest problem with crypto, which must have a solution as quickly as possible, even though it is very difficult to overcome it, because this is already detrimental to everyone. have to think hard to solve this big problem.

Indeed, we must be vigilant, but in a way that we avoid a scammer, while scammers and projects that are truly original are very similar and difficult to distinguish, this is really a trap scammer who is very irresponsible. please tell me how to distinguish between a scammer and a truly original project?

Scammers! It's a problem for all systems, not just digital currencies. But Crypto is highly anonymous, so the possibility of Scam will be very huge, should be considered before deciding to invest or trade.

As long as there are greedy people scam will continue to exist, they will use the image of anyone that is popular like binance which will give them a greater chance to succeed on their evil motive. We cannot stop this we just need to be careful and avoid those type of scams, let's not be a victim.

Absolutely true!! Therefore, now many projects are running their projects openly. I mean, most blockchain startups start by introducing their team members and individual background experiences. I think the way they do it can affect the attractiveness of investors so that they do not hesitate to invest their funds in companies with clear origins. However, besides this, there are still projects that choose to remain anonymous in carrying out the project, honestly I am less interested in this kind of project because it is difficult to see the track record and also their seriousness in building the project.

Scammers cannot be prevented to scam people, it's not only in crypto, everything that has in the internet there must be a scammer.
So, all we have to do is just prevent ourself to being scammed by do more research before doing a transaction with anyone

Scammers have been the major bane of cryptocurrency. These scammers have tarnished the image of cryptocurrency as they lure and tap into the funds of investors. Hackers play equal role as he scammers and this has put some fear in some investors not to join crypto. Regulations that will run checks on projects will help reduce the occurrence of scam in crypto.

That's the biggest problem and cannot be stopped. Everyday a new people have been scammed using a cryptocurrency and this all happening all over the world. It is because of lack of knowledge on how does bitcoin and trading really works and a lot of HYIP programs are popping-up and some people are joining this kind of scheme.

Hopefully people will understand that it is not easy to get rich by joining this kind of scheme and not to trust anyone in exchange of their hard earned money.

Scanners are everywhere, in all works of life, not just in the cryptocurrency ecosystem, you see them where ever there is money, and they like to reap from people's effort. They can't be stopped, even if you arrest any, some more will spring up, all we can do in the cryptocurrency space is to safe guard  our assets, be careful of links we click on, keep our secret keys safe, use Google Authenticator for our exchange account.

It is inevitable, scammers are really exist in cryptocurrency market and also in financial market. People are so greedy in terms of money and that why they are creating scam project for their own sake.

Scammer are every where and every ICO or IEO and investment project they will be there, last year scammer only with investing project like using ponzi scheme and now the scammer have be part of altcoin and cryptocurrency, they make an ICO or IEO investment promote and interested with many investor but after success of investing their coin, scammer will run away and never listing their coin on the exchange market, we have faced with many scammer take our money.

Scammers really affect the quality of crypto. it makes quite a lot of FUD in the real world. from year to year, it is always there, it can even be said that ICO almost disappeared because it has become one of the nests of scammers. because of this, we need to be careful, moreover, all activities on the internet are mostly anonymous.

There is nothing to do about scammers in crypto space, its better to prevent ourselves from getting scam, that's the only  solution for now because i am not sure that regulations will sweep out scammers, might work to an extent but won't eradicate scammers

Quite right, the biggest problem in the cryptocurrency sphere is scam, because most companies create their projects in order to raise money and disappear with money and there are too many such companies and it is very difficult to deal with them, also investors and the entire cryptocurrency market suffer from this and of course, cryptocurrency also slows down in development because of this.

Yes, scammers are everywhere in crypto and it is without any doubt the biggest problem. I've read that scammers and hackers made away with more the $2.3 billion in the past eight years. And there is we can do to stop it, unfortunately. We should be more careful, smart and attentive.

Even in real life there are bad things but that does not force us to die. Scammers and bad things in life are similar. Which means that the presence of scammers can not discourage us from crypto. If you are in crypto space for a long time, you are already used to. It will never be possible to counter it. There is a gap in every established system, and mankind beings always find it. Therefore if everyone can protect themselves, we will all be the strongest defenders against them.

In every business sector, there are always this kind of people that will do everything in their power to deceive other people just for money. Scammers are the virus of the society. They are like cancer cells that couldn't just die. And since many of people here are anonymous, it is difficult to take them to law. There is also no single regulatory body in the crypto industry so many scammers have gotten away easily with the money.

I agree with your observation! crypto related scams are slowly damaging the whole crypto industry. Thats why it should come up a solution to fix these problems
that battering the whole cryptocurrency industry, I think regulation on all kinds of fundraising activities, like ICO's IEO's STO etc. is badly needed in order to minimize or maybe eliminate frauds and scam in the crypto industry.

Well, if there aren't people who just present themselves as easily duped, and people who don't fall for these scammers so easily, then there wouldn't be so many of them. Kind of like HYIPs. And ICOs. People kind of know these are scams but they want to get in first and make their quick bucks, and then they fall for the trap. When it doesn't turn out well, they whine about scams.

We all know better than that. But do we all do better?

Scammers really have destroyed cryptocurrency world. Due to decentralize in nature of cryptoc platform and new comers coming in, scammers are more active in crypto world as its easy for them to scam people here, its almost impossible to identify a scammer in decentralize platform. Due to these increased scams, investors have lost their faith in crypto projects and there is a low inflow of money. Due to less inflow most of the projects are not doing good and existing coins are losing price. Its very important to develop something in blockchain to keep these scammers away so that investor's faith can be regained.

We do have to accept the fact that we can never stop scammers and that there will always be scammers everywhere. I'm active across all social platforms and they are really on it, all. Scammers are what's destroying the image of crypto and are what's making the investors shy away from us, the worse generation where it happened was in the ICO space last 2017.

Though it was already minimal last 2018, there were still some ICO's that got a lot from their investors and are in a bad place right now which is Karatbars (https://www.coindesk.com/gold-backed-crypto-tokens-promoter-investigated-by-florida-regulators?utm_source=https%3A%2F%2Fwww.coindesk.com%2Fgold-backed-crypto-tokens-promoter-investigated-by-florida-regulators%3Dlx). Even their CEO admitted in the court that the tokens he issues has no utility and value. I admit that it's a bit difficult to spot on a scammer at its infant stage, especially when it's endorsed by top Media sites and personalities.

Since people in cryptocurrency are anonymous, then scamming became rampant. Yes, this is the biggest threat on our investment especially on new coins. Hopefully this can be resolved.

When we are taking advantages of decentralization and non-regulation of cryptocurrencies, there has to be some negative aspects too. Nothing good comes without bad side too. So the non-regulation of ICO openly allow scammers to create whatever project they wanna to and they are easily able to scam people.rt

Scammers are everywhere not only in crypto.
Some wants to scam you intentionally and some scams you in professional manner for example banks, government etc. You can't really run away from scammers anywhere in your lives.

it's true, and it really can't be avoided or eliminated. if there are still many people who are greedy or greedy then it is very difficult to kill scammers. they will continue to exist and they will not stop if it still benefits them.

that's why we have to be smarter than scammers and always be careful in choosing projects so that the scam project will stop and i hope that scammers will also disappear.

The underlying problems of crypto still erradicates so badly in so many ways particular with price growth. Many factors that leads crypto decline so fast because of wrong decisions and manipulation of the big whales. Those are the factors that affected the whole cryptocurrency market, and scammers were just one of the reason why cryptocurrency's outcome failed in the long run. Because of that, every  people hesitated to engage with crypto due to bad reputations.

Scammers are always there, far and wide. Not only investors but also every individual consider them as a big trouble in every investment.
Even crypto community wasn't able to escape from them. They were treated as a big threat, and also as a result the honor of cryptocurrency is damaged. For this reason, investors become wary of investing in cryptocurrency, to escape from being a victim of those scammers.

I totally agree with you, scammers are the number one problem here, because I remember when I joined crypto back then in 2016 I lost my capital to a single scammer those who have been scammed knows how it feels, I mean I wasn't only discouraged I was really frustrated, something has to be done immediately about this inhuman act.

Yes that is right.
Scammer is always find a way to scamming people, they think that is the fastest way to rich.
But every currency, not only cryptocurrency, like fiat, there is still have scammer, maybe more big than crypto.
So there is homework for people to educate themself to know how to avoid scammer.
I think more easy to know who scamming in internet than in real world. We can put some addon in our browser to check the link is safe or not for example.

Its not the scammers but its the problem of the market and lack of investors that are doing investments, and of the reasons why is the projects that operating now is not good and an bring profits so this is the reasons i think.

I would say there are scammers everywhere, but I think one major reason why most people are scammed is because they lack full orientation about what it entails to be in the crypto Space ,so education and orientation is really necessary for newbies so as to reduce the scam rate, at least a guide to the DOs and DON'Ts of the crypto space,it will really help a lot

Crypto scammers are very dangerous because they have wide variants of scam tricks they can pull on anyone, unlike real world where you can still avoid them easily, not that easy to evade scammers in crypto space, you need to be very careful

The problem regarding scammers is quite large at the moment and also this makes the cryptocurrency industry seem to be viewed negatively or in the eyes of the eye due to the many cases of fraud that exist and many more that make people who are not yet familiar with their initial stigma will be bad for cryptocurrency. Scammers must be removed or eradicated to make cryptos cleaner

Scammers were always the biggest problem, because they are creating a bad image for crypto currencies, especially for people that are not familiar with crypto assets. People are losing money and that is making them to leave.

The scammers and hackers are getting smarter each time there is a reported issue on them. Now the new wave of scam is found on telegram. Most of these scammers imitate the telegram IDs of admins of renown projects and PM members on the platform. Eventually, these scammers using an imitated ID of the admin lure members to send some funds or login details to their accounts. Let's be cautious on telegram as well.

Scamers are one of the crypto killers and have damaged the good image of the project, now scamers are increasingly rampant in the crypto industry and even they are still around us. 2018 is full of garbage projects and by 2019 many investors have lost their confidence in the project.

Everyone who knows cryptocurrency says scammers the biggest crypto problem. Not without reason scammers unsettle crypto lovers, according to a survey that causes crypto Slow growing and still seen negatively by some people of the world are scammers. Indeed, we must declare war on scammers, and we must think of ways to eradicate scammers. The sector with the most scammers is ICO and Hyip projects, for ICO projects going forward clear regulations must be made to minimize scammers. And for Hyip himself there must be a lot socialization of legitimate HYIPs.

actually scammers is the one who make ICO and ponzi scheme there are many of them here .

Scammers are the toxic here in cryptocurrency they do what they want without looking if it can ruin the image of cryptocurrency. They making a project and just left the participants on it without any profit that must be give to the bounty hunters and there they already scam the hunters and ruined the image of cryptocurrency

Scammers are always a problem everywhere in the investment market or in the community. Therefore, we must understand how a scammer works because by being aware of the mode used, we will avoid the scammer and be more careful in investing

Once you are been victimised one time you wil learn and will be more careful next time. scammer will not leave this market since they know many people can be easily be fool mostly noobs .

The problem of fraud is indeed not going to stop easily in cryptocurrency. because until this moment even more and more scammers are increasingly becoming. they deceive many novice investors with various concepts. and every period they update ways to fool people with this concept. very sneaky if we know the nature of the scammer without stopping

Scamers are often called crypto market killers and they are one of the crypto corruptors. they never stop to continue to run their business in this industry, they are greedy for money and investors need to be careful before investing in any project and never put your money in the wrong place.

Scammer every where you have take your self and your investment keep away from scam project investment, the scammer not only with investing project using PayPal and PayZa they now working with many altcoin kinds to make you scam with your money and lost much your assets, they have upgrade their working system with how take label and name of bitcoin and altcoin to make you trust with their scam project and invest with higher amount.

Scammers are increasingly worldwide. It is really sad because there are now a lot of victims. Protecting our funds should be at the first place for us to ensure that we will not be scammed.

I hope there will come a time when each and everyone of developers will have to go through rules and regulations from law, this is the only way to safe ourselves from scammers, some kind of ID or assurance have to stand between developers and investors to know that the project they want to invest on has the right PASS or DOCS

Scammers can be avoided with tightening the security of our wallet. It should be the priority of every crypto investor and traders since this is the fruit of our work.
That's why further investigation is required before taking any action. Without a knowledge you end up being one of their victims. Being cautious is necessary when it comes to this matter, scammers should not taken too lightly.

For me it is really true that scammers is one of the biggest problem here in crypto world, ever since i started  here in crypto there are so many scam projects that's why we as an investor and bounty hunter we should always analyze very well if the projcets we joined is legit and have a good future.

The time when the crypto was for the idea began with bitcoin and ended with the first scams back in 2012/13 then ico picked up the series of scam forks. There are very few projects that are designed to give, almost all projects are created to take away from people, but people have to blame themselves for the fact that they crave to big profit and buying a doomed crypto currency or token. For each person, a moment comes when he understands that by investing in such projects he receives only losses. Now a turning point should come (or maybe it has already came) when interest in ICO will fall to zero. let's see.

we must becarefull with all scammers.recognized their strategy and methode could be solution avoid them.learning from other victim experience will make us understand how their strategy work.make sure and thinking twice to confirm our action was rigth when we do activity in crypto market or accessing our wallet.we have to work together to find solution to minimize scamm case again.

As much as any scamers, if we are guided by their official account then we will not be able to fall.
Scamers will not be eliminated in the world of crypto, but we can prevent them from being trapped.

that is indeed the main factor why crypto is experiencing bad news, even one of the causes of ETH price fall is because of that, we know that most ICO / IEO using this ETH platform become negative values ​​towards ETH because of the many scams in it.
I think regulation as people say is worth considering to prevent these scamer.

I believe that not only cryptocurrency users, but the entire cryptocurrency market suffer from fraud.  I would also like to mention the fact that you need to fight not only with scammers, who, thanks to their fraudulent projects, practically steal money from investors and deceive all cryptocurrency users.  But you also need to deal with those scammers who use cryptocurrency in their crimes.  It is because of these people that the governments of many countries are tightening the cryptocurrency market, which is why we have a lot of problems.

the same is appplicable in our daily financial world. as long money is involved. be it fiat or digital, there must be scammers. the world today is not only feel with good men. there are real evil people out their to default and render people bankrupt. No matter what you do in life. there are always spoilers.

Not gonna happen anytime soon but its a good thing to hope for, crypto space is in mess since the almighty bullrun of the past and the tech as since then become a target, if there is a way that can make newbies to listen to older investors the scam limit will reduce and there will be no need for regulation

I agree with you that the scammer greatly affects the cryptocurrency. The scammer makes people no longer believe in crypto as well as making crypto prices worse.
The scammer can not be avoided or in the delete because they act as anonymous. So we have to beware of them.

This is true yet, we can't just scare them and they'll just go away. Scammers are not like that. What you should do is do a precautionary measures in order for you not to get scammed by people. As we know, scammers are just lurking in the dark. You should be the one protecting yourselves against this. Don't just let your seed or priv key to your wallet be an openbook in the internet. Be extra careful. Use metamask if you're accessing MEW.

Scammers will never seize to exist even if it was government that single handedly created the cryptocurrency, is it not someone that has the bold mind to even hack the Us government server at one point? Even though he was eventually caught but he still hacked them, despite the fact it is government system, so hackers are everywhere and strong, and scammers will never seize to exist in the cryptocurrency industry, even with regulation.

The only thing that we can just do is to personally try everything possible to avoid them, and the best way to avoid them is to ensure we don't just release fund to any project without properly verifying the project and also not be too loosed on our accounts. I think at this point in cryptocurrency, only projects that are already on exchange should even be attended to.

Not surprised after reading the whole statistic numbers, social media is a cave of scammers. They can easily fish social media users with fake accounts and the advantages of cryptocurrencies help them to take the scammed amount easily. Linkedin is not the first and lastly social media platform that is not fully controlled by the owners. Fake crypto experts can steal the trust of real professionals.

I agree, wherever there is money, there are always people who want to earn it easily and it doesn't matter which way, and most often - fraudulently. In cryptoraphy an "open space" for them now, since this is a young industry and is just beginning to develop and be accepted.

Scammers can be avoided if you learn to apply safety rules in this market. they are all very simple but few people know and apply them. there are many security recommendations on this forum

I can't agree less. I believe a lot of people have either tested the cryptocurrency space of have good knowledge about It but not interested due to the incessant rippled effects of bad players withing the industry. Its either exchange or coin hack this week, or a project developer has eloped with community funds. The stakeholders that be, needs to find a way to checkmate these scams to have a better and safer business environment

Obviously and definitely 100 percent correct scammer is the number problem in the crypto currency space, it is difficult to resolve this problem because a lot of the victim of the scammer is the newcomers in the crypto space due to lack of understanding and they trust fast to unknown people offering propaganda of the they offer.

You are right. Not only damage the market but damage the cryptocurrency ecosystem. Scam cases, hacking, and various acts of crime further worsen the image of bitcoin in the eyes of ordinary people. That is why some governments provide strict regulations regarding the use of cryptocurrency in order to protect their citizens as you have explained.
Actually, if learned and used wisely, cryptocurrency is very beneficial.

they want an easy money its hard to resolve issue of the scammers because there are many newbie everyday that can be potentially target of those scammer.

The only way to prevent scammers to scam the newcomers in the crypto to spread more and more awareness, there is no the best thing that we can do expect give more and more education to the newcomers.
So many scammers are hurting the crypto space and these scammers are targetting the newcomers.
It's hard to prevent these scammers but if the users have enough knowledge about that and scammer will be so difficult to scam others.

Just spreading awareness won't help newbies getting scammed. Scammers use wide variety of tricks to scam them. We can't really spread awareness on every tricks. Once they get scammed they will learn their lesson and will be more cautious in their next move.

You know since the advent and success of ICOs they've been on an increase daily with new tactics developed consistently. Many fell to telegram messaging scam and lost funds. They're as well numerous I posters all around defaming the cryptocurrency sphere.

Scammers actually reduce people's trust about cryptocurrency, those who have never tried the world of cryptocurrency and hear news about scams will assume that crypto is not safe and prone to hacker attacks, which is actually not a cryptocurrency error, but rather a careless user, or platform that is not careful do not have a strong security system.
so from this problem many people assume that crypto must have regulations so that its safety is clear.

in my opinion scam always happens everywhere not only in cryptocurrency. In fiat money transactions too many frauds occur. we can't avoid this because scammers always have ways to successfully steal our money. all we have to do is increase the security of our wallet. one way might be to use a hardware wallet. we can save our bitcoin in trezor or ledger hardware wallets.

Scammers will always take advantage of people's ignorance and take advantage of people who don't understand cryptocurrency. Even in a market where regulations already exist, scammers will still be there because there are groups of people whose job is to deceive others

With a cold wallet you cant get scammed easily
https://www.ellipal.com/pages/ellipal-titan?ref=5da5917ba4f13

In fact, if you take the right steps, your risk of being defrauded is quite low.

Because the strategies of scammers are often the same: they send you a private message from the Telegram, telling you they have a new opportunity. Asking you for the private keys to your wallets. Asking you for money.

If you are dealing with these situations, you can assume that the person you are dealing with is a 100% fraudster.

This world is filled with scammers. It is just how this world is. Wherever you go, people will always be there to scam you. You yourself have to be careful. You have to be cautious and maintain yourself and protect yourself.

It is not about spreading awareness about the scammed project, it is about even preventing the scam project from getting to the eye of the public for us to even start thinking of reporting them after the scam has been done, that is more like drinking medicine after the head ache.

Where our full force attack should come from is where we can make sure that the scammer are not being project, because when it comes to awareness, we are still the ones that are creating awareness for them by promoting their project, if we can stop promoting their project, then it will be a very good thing that will happen to the cryptocurrency space, and the only way to stop promoting them is just to research on them and be very picky about the projects before shooting them out.

I believe the main problem are the people who fall prey to these scammers. Once, okay we get it, it was a mistake, but more than that is just your problem. You are encouraging them to scam you. And because of that, these scammers get the courage to scam others and more.

No one can resolve this issue whenever.. you know why? because money is involve. if everyone posses with this too much they become greedy and wanted to have more. everyone got jealous and thats the start of their ghastly intention. you can avoid it if you gain more things necessary for you not to fall victim to it. just always remind your self that money is the root of everything, be wise enough to protect what is yours.

as the point you have said above it is true that scamers are the biggest problem in the crypto industry, we can see that from last year and this year almost 80% of ico projects are frauds, on the other hand many projects do not pay participants, the products do not to function properly, developers and teams don't care about their projects and there are many other negative things about in the crypto industry.

there will come a time that scammers will reduce in crypto space, regulation will do its part but won't completely erase scammers off crypto space, my advice is for newbies i wish they will always choose learning first before investing in any new projects

Sometimes, even though we thought that ourselves are secured, sometimes that will never be the case or the case we wanted to happen. Well, those are scammers for you. They could break a lot of shells in protecting your thing.  The best way to get rid of this is tell the authorities on what's happening if there could be some anomaly that happened. Second, secure yourselves.

make people aware of scam projects that are very influential. it is not just realizing and leaving. I agree with your opinion, when we have found a project scam, we need to do a report so that the project closes immediately, and that might save many investors who did not research a project before investing.

that way is indeed the fastest way to avoid scammers from the crypto world. it's the same as when a project is marked as a scammer project and has a mark. of course, people will realize the sign and start to avoid it. we can only help each other for things like this.

There is no way to rid of scammers. They are everywhere. The only thing to do is to have public awareness about them. Share with your family and friends when you know that they are susceptible to being scammed.

Finally someone spoke up. The doom caused, fear installed by scammers cannot be overemphasized. One of the major determining factors of successful scamming and scam projects is ignorance, scammers trade on ignorance. That's why I always encourage newbies and even oldies to participate and learn in AMA series of long standing projects with reputations, wider use case and  successful long term achievements.

We can't stop scammers because there are too many ways this bad people carry out their missions, it can't be compared to real world crime, online crime is bigger than what's happening in our world combined, we can't do anything than keep finding ways to unveil their bad acts

Crypto will definitely see higher percentage of mass adoption if this space in free of scammers but it's a big war that can never ends, scammers can't be defeat online, they will always come up with new strategies to fool investors

Yes, scammers can't be defeated online here, but that doesn't mean they don't have a way to avoid the strategies they built, because they often look for new ways to cheat, so we as ordinary people also must be observant in avoiding their strategies, one of which is by making specific and in-depth research on new projects, because with that I think it will also help us a little in avoiding the efforts of fraudsters.

I totally agreed. With the appearance of cryptographic forms of money, there are a great deal of tricksters and scammers here. This is fundamentally because of the way that they are sure about their exemption. Furthermore, it isn't known when government offices will start to arraign such individuals and whether this is conceivable, in light of the fact that digital forms of money are mysterious. Most of the scammers using the platform social media posts of reputed company as a comments through with Btc address, if you send .5 btc to this address you will get 10 btc worth of that platforms coin. most of the users unawarely send them .5 btc. they will absconed.

Indeed, scammers do tremendous damage to cryptocurrency. Starting from the theft of bitcoins from exchanges, ending with the creation of fake ICO projects. I myself got into such projects. Since then, I participate only in IEO projects.

That is actually true why ICO has died off because of scammed projects that scammers put up. Investors have been acting cautious in getting into an ICO events in order to avoid any possible scam that might steal their hard earn money. And I don't thinks that only scammers is the problems there some cases but scammers might be the biggest problem in crypto market.

It is not just scammers that are the problem in the Cryptocurrency Industry. Some problems are easy to solve if you are aware of the fact that we can always do background checks on some Projects or Persons running that project. Another problem is the lack of knowledge and just the fact that people want easy money. Money is always something that we need to work for and it is not given for free. Scammers scam because of the fact that they know people would do anything for money but even though we are like that, we just need to be vigilant at first. We need to be knowledgeable to avoid scammers and in that way, we can lessen the problems arising.

Doing research can't solve scammers issue in crypto space, no matter how careful you are you can't still get into scammers trap, it can only be reduced if every new crypto lovers start learning how to avoid getting scammed, we are responsible for our own safety in crypto space

It's not all IEOs can be trusted by anyone. The fact that only IEOs that came from trusted platform that can be trusted by us. We are all ignoring IEOs that has come from the crap exchange site especially when it will be launching its IEO on p2p or latoken.
It will actually become a scam token.

You said the problem is the market and lack of investors, what ruined all that? Isn't it the scammers? Remember how great crypto space was in 2017 with ICO projects? The reason why crypto is like this today is because of scammers, many investors lots of money to scam projects and they quit, though not all of them but many did

there are many IEOs on the new exchange and even one with a bad reputation. when there are projects like that then we don't need to believe they will succeed. the team might be able to claim sales success. but the reality on the market will prove that they will soon run off investors' money.

Unfortunately this is the problem the crypto community is facing, there are many scammers in crypto to point that any little mistake can cost you a lot if care is taken, they are ruining the image and trust of crypto, people are now scared to take part because of either past experience or something they read from the internet, there are all sort of scams now, people have to be extremely cautious about participating in anything relating to crypto.

Because crypto is like a money field, anyone can easily benefit from a crypto investment or project, especially if you have expertise that is rarely possessed by others, including in the blockchain field, so you can easily commit fraud through crypto. On the other hand fraud will always exist in this industry and anyone must be careful before making any decision regarding crypto.

The problem starts with ICO scam projects, I doubt if we are ever going to see huge investors like we did in 2017 without regulations, people need something to hold on to now before investing in crypto, they need something to blame. 

Cryptocurrency sphere is quite new for most people around the world, so some of them don`t even know simplest cryptocurrencies` features and its goal, so they can easily be deceived by dishonest people. I think the main problem of such big amount of scammers in cryptoworld is people`s ignorance. We can fight it only telling  people truth about cryptocurrency and blockchain.

Unfortunately, that is one of the major setbacks in this industry and this has dragged the name of the crypto industry in mud regardless of all the good worldwide use cases that are being developed across the globe. I am hoping that once mass adoption kicks in this perception about the crypto industry will be eradicated with time.

Sad to see how you and others are agreeing to the topic. Scammers are everywhere. What about those scammers that scam using your fiat money? You guys are acting like people now use only bitcoin or other crypto currencies to scam others.
If someone is this stupid for falling for scams like money multiplier, then they deserve to get scammed.

We will see that happen for the second time and that needs more time to make everything is safe. There was also a bunch of scammers in our life too. Life is about how smart you are to avoid the scammers. Everyone needs more knowledge and when they are very smart to avoid the scammer and the projects created by scammer will be dead too.

Scammers are very rampant everywhere not only in crypto market but even in fiat too. If they can see chances to exploit money from other people, they will surely use their best strategies to make it possible. But in crypto, we can still make some precautions to avoid being scam and that is to be responsible of our own account. We should always secure the privacy and security of our own accounts and be careful to keep our own passwords secretly.

Honestly, scammers are very big challenge that the crypto space is facing.  They are on increase on a daily basis; bounty campaigns, airdrops, trading and lots more. So hard to trust anyone in the space  now, which is not suppose to be.  I don't think this can be eradicated, we just have to be more careful and lessen our greed as much as possible.  If scammers are getting reduced customers, I think their activities will subside.

Indeed the presence of scammers pushes away possible crypto supporters. I think that is why many governments are considering regulation to protect people from scammers. But I also think that crypto users should be more vigilant in their activities so they will fall victim to scams.

Until now, scammers are indeed very difficult to stop. it's just that, we have enough experience in choosing projects that look really scam nowadays because of the many oddities found in a whitepaper from a team. it's just that, we are still difficult to identify a scam project when the sale has been completed. until now, the problem still persists.

    I agree with you until some point, but scammers are not new. They existed before crypto-currencies and they will probably
exist as long as world lasts. They are simply people who learned to live that life, to not work and be honest, to earn money
fast and probably to spend that money even faster.
   Like many people said before, only with education of individuals we can see less scammers. When people know things they
are careful and they don't get trapped easily.

Scammer are always the problem, but in everything there is something of bad! Last week I was contacted by telegram by several scammers that proposed to me fantastic gains or play in some tarot gambling sites. Pay attention to this kind of proposals and remember noone will contact you in private message for propose to you to became rich!

I know that regulations can't fix crypto scam issue but there should be some better platform that can take things very serious with new projects, imagine someone that's very capable like binance CZ who would go to any lent to avoid allowing any scam projects on his exchange

You can try to imagine is this possible for a platform to create a regulation that can be implemented into the various platforms?. In this case, the self-regulation that created by any platform is much better to be implemented to prevent the scammer these days.

Scammers are the bad side of this world, and cause of that people don't rely on each other. I'm sad about your bad experience, but l prefer to stay with several telegram groups. That is why l think most of them are scammed and their goal is just to fall people into their fraud. We must be careful about that. We should stay away from them as we can, their goals are not to be rich you, on the contrary they want to steal your money. Newbies must be more careful, that is why lack of experiences they can fall into scams so easily.

Scammers are those who usually make use of ways to get money easier by cheating. They are those who do not exert efforts to make themselves clean money. Scammers are really the biggest crypto problem because many are being fooled and xheated. Also, fellow members are being misguided by the wrong information that scammers produce.

It's not really a bad experience tho because he just being contacted and not fall on the trap, right? ;D Remember that as long as we stay wise and logical, scammers' deceiving approach will not affect us. I guess we can no longer eradicate them since it means erasing the evil in this world as well, so the least we can do is to adopt — stay away from them at all cost.

scammers will always be there and they will always have a way to make money quickly, we have found many scammers on social media and also using gmail. for that don't publish your e-mail at each bounty, use a different e-mail so that you can avoid scammers. keep careful and think logically

yes, not only in the crypto world but in all fields, scammers are a problem. scammer things like this are very often seen on telegrams, even so, many people try to make a personal message on behalf of a particular company. Well, we just need to be careful in all fields, especially cryptocurrency. currently, quite a lot of IEO is a scam, so it needs further research.

Scammers are big problem for crypto but knowledge is the only answer to escape scammers traps, not just crypto scam but also online safety, you need to learn and have knowledge about safety online to safe yourself

There are a lot of scammers everywhere and cryptocurrencies are no exception to this rule. Everything we encountered in the real world migrated to the Internet, and with the beginning of the era of cryptocurrency, moved into it. Therefore, you need to be careful as well as in the real world, carefully checking all offers.

Of course, there are a lot of projects that bring investors' money away, but with our clear understanding of the security and clarification of the website, we will also be less likely to be exposed to fraud. as investors in crypto currencies we must continue to explore the latest information.

Do not be tempted by high prices or huge discounts on their sales and it is clear that you want to trick investors with these tricks and the scamer certainly has a lot of ways to do such actions and I am sure investors are now always doing research to make real investments.

It is actually right. Maybe most of us have already got into a situation wherein we have been tested with the temptation of earning instant money for a short period of time and got into such scheme and got scammed. Well, there is no doubt that scammers are everywhere not just in the crypto industry but as well as into the real world where they scam even fiat.

It is indeed that scammers became the biggest crypto problem as well as hackers which those two are correlated because both are taking advantage of the weakness of people. But we can still have a chance to resist or lessen the probability of getting scam and that is through educating ourselves on ways on how we can be able to check the legitimacy of the site, mail or anything that can be a way to scam or hack ones people's account. By doing certain research and widening your comprehension to know if it is a scam, we can still be able to avoid or do not let ourselves fall to those kind of schemes. By the end, we still have the chances in our hands to save ourselves from getting scammed.

Scammers continue to represent this innovative technology differently and keep putting it back with ridicule thus, placing blockchain and indeed cryptocurrency in the public eye for the wrong reasons. They are the sole reason why there is so much policies and institutions trying to shutdown blockchain. They continually do the worst and this isn't helping. Just recently, another project (Kingcasino) has just made away with huge sums of money belonging to investors. This is one of the several reasons why the industry needs to be regulated and regulations put in place faster than ever.

It is quite true about what scammers are doing in the crypto space and it is really not encouraging but instead hampering the growth of the crypto space because in one way or the other, potential investors will be sceptical getting involved. Also, these scamming activities extends to hackers as well, as they always deal a deadly blow to users. So therefore, there is need to tackle these bad eggs so that both new and already existing investors won't necessarily question every move they make thus being afraid at every point in time but rather having an open mind to possiblities that lies ahead.

Yeah, it is massive problem that is also seen as a hurdle to crypto mass adoption. It is seen that if a project is successful people create fake names and even social media pages in that project name and victimize innocent people who get  there by mistake and ask for resolution of their problem they either lose their wallet data or scammers convince them to send them some coins for the solution to theor problem, there should be some system to stop and report these fakers instantly.

If we loook upon the history of cryptocurrency, the main opponent of its success is the scammers. There are many bounties running that are zero value. Many of them begins to attract the investors of fake listing, large bonuses and MVP but afterwards, it falls to a ponzi scheme.

In addition to that, Hackers are also the problem of cryptocurrency. Look what happened to the popular exchanges such mt. gox, etherdelta, and even cryptopia/binance did not escape to the hackers. That is why they should be eliminated but removing them seems to be impossible. It is just like separating sands from sugar.

If not for scammers, cryptocurrency and blockchain industry should have gone far beyond the level we are now. We are having so many confrontation from government because of the damages that scammers have done to the crypto space, only God can help.us out of this situation.

I hope that there are many other solutions for scamer who are looking for shortcuts in terms of looking for more income.

The issue of Scammers in the cryptocurrency space is rather unfortunate. We cannot effectively pinpoint the menace which scammers have caused to the cryptocurrency industry. There's no doubt that scammers are in other financial industries, but it feels like cryptocurrency has the most terrible of them all. I believe it's basically because of the novelty of the industry and the fact that several people are yet to understand or get a full grasp of how the market works.

Of course this is happening. This is the biggest problem right now. Many have lost everything here. There is no way to solve this problem completely. It seems that scammers are increasing day by day. So we have to be as careful as possible.

That is right what you said, people join here for earning quick money, they think that everything is so easy as they expected. But as you above mentioned many have lost everything here, l think it happens cause of lack of knowledge. Experience is more important than money in crypto space. Lack of knowledge can be the reason of losing money. We must take attention to knowledge and try learning something from other experiences.

Most of us here are after money, to gain without exerting an effort. They just invest their money because of the high return or quick result of their investment then ending up in scam. Usually the fall victim of these scammers are new to crypto world and believing the hearsay that its profitable to invest in crypto.

Thats true, if we have experience we can learn and do better the next time. So there's no need to rush when investing, take time learning and gain experience to know more about investing.

I think Binance conveys a real amount, meaning what happens to their exchanges, which is in the name of their company, and or that releases a project using their name. Because scammers are very varied. If we compare it with what happens to crypto users who aren't published, I think it's much bigger than what Binance said.

First of all, scam issues is not only the biggest problem of cryptocurrency alone cause it the problem of all business/technology domains around the world.
As crypto market is getting broader scammers should be expected to be either and been careful is not enough but understand how they operated in other not to be a victim.

well its everywhere still even before bitcoin. this time though they seem very confident to mix in since there is a slight anonymity in cryptocurrency. the users i use to know in bitcointalk somehow gone in the wrong way to end up scamming by defaulting loan. didn't come back even after i offer to pay his loan. you cant expect these people to be real anymore.

Scammers will always be there any time, it will never disappear like it. Scammers exist because they see huge opportunities in crypto, so they do that and succeed. So that step is always repeated. so far the scammer still exists and is sure to be a big problem in the crypto world.

Scamer always has the opportunity to fool anyone who doesn't know much about crypto but they will get victims every time, it's just that the number might continue to decline because people will be more careful.

Pretty sure that people already telling that advice from time to time yet there's always someone who just don't care and being too greedy. the problem is, some people just don't avoid something that is shady or scam just because people tells them not to. some people are just quite stubborn.

They are a big problem in the industry because it is easy to get people who fall prey to the schemes. A lot of persons are ignorant of what is true about crypto.With the passage of time,people will be better informed and scammers will have less victims.

Yes, a scammer will have few victims if he does not use new methods of deceiving people in crypto, but at this time the scammer has also begun to be smart in preying on victims in new and finer ways so that it is very difficult to guess by anyone.

Cryptocurrency sector is like the goldmine for scammers. There are many factors which attracts these sort of people. There is always the mirage of making quick money, then there is an optimal combination of inexperience and greediness among the investors. On top of that, it is difficult to legally pursue the scammers, as their activity may stretch over many different jurisdictions.

Scammers are indeed a big problem, either in fiat or crypto world. They've been there since a very long time and no one can stop all of them, maybe few of them, but they can't be totally eliminated. As long as there's money involve, they will take the chance to deceive other people but many people are now aware of their tactics and are now taking extra care but there are some that still fall for that, most especially newbies with no knowledge about cryptos.

Scammers are everywhere almost in every field online and even in offline real world, the community itself should take the responsibility and educate itself to save itself from scammers also community should help itself with promptly identifying scams and let the fellow community members warn against it.

As more people get interested in cryptocurrency, scammers are finding more ways to use it. For example, scammers might offer investment and business “opportunities,” promising to double your investment or give you financial freedom. Watch out for anyone who: guarantees that you'll make money. beware these types scammers all around in the crypto community, Make sure we should aware of the types of scamming in cryptocurrency platforms. In one of the crypto community blog they will ensure all the crypto scamming techniques in that blog. for reference i just include here. https://abbccoin.com/blog/abbc-official-scam-advisory/

I don’t think scammers can cause me to stop making use of cryptocurrency, same as most of the people out there. I do know that this is a problem, but it is something that happens everywhere, and people should learn to avoid it. There are thieves everywhere, even outside and every other businesses you are going to find online. Cryptocurrency is a new thing and because they are getting on this new business doesn’t mean that it is the only place you can find scammers. The thing is that we should look for ways to be dealing with these scammers and solve the issues we are having about them.

It is true scammers are the major problem we have in the crypto community but it is not peculiar to the crypto community, it is a general problem,you find scammers any where there is an opportunity,so the best thing to do,is always to improve on your security so they cannot breech it. We should learn to stay safe and not give them opportunities.

There are many scammer in this market, so if someone is greedy then I believe they will encounter many scammer and they could lose money. Be really careful when investing in this market because scammer is always around us

It is very difficult to distinguish a scammer from whether or not in the world of crypto currencies, but one way that you are not exposed to a scammer is, do not buy ICO / IEO which is held in unpopular exchanges

Scammers are indeed very damaging to the future of crypto, because the more scammers, the more investors out of the world of cryptocurrency, and there are several other things that also affect the future of crypto such as thieves on various exchanges.

Honestly the thing about scammers in bitcoin is the fact that they are hard to catch, not that they are hard to stop. There are scammers in fiat world as well, tons of people scam each other in the real world as well but doesn't get as much attention as bitcoin scammers.

There is even a thing called "wage scam" in the world now and is considered a scam where a company makes you work extra hours without pay, and other methods that company avoids paying you for it as a worker, and it is 1000x more than any other scam in the world, yet doesn't get enough attention. Bitcoin scammers are dime a dozen, they should be stopped somehow, but fiat has been around for centuries and people couldn't find a way to stop them, so I doubt we would be capable of stopping the crypto ones.

Binance is one of the largest digital currency exchanges in the world. So I'm not surprised if this exchange is also a target for scammers. Yes, this is a big problem and we can not overload or punish them. To me is protecting ourselves to be more cautious. I am grateful that until now it is still safe to use Binance and my digital assets are also safe.

Binance should be able to verify their data correctly before they receive offers from new projects. I think KYC for the team is not enough to verify the data. Because they are not just trading account users, but managing the project. Of course there was a meeting with the project developer.

The issue of scammer disturbing the peace of popular exchange sites is becoming very rampant these days, I think big exchanges should look for a better way of securing themselves against all this advanced scammers of nowadays.

Scammers will continue to exist and will try to find ways to fool more people especially those who still don't have any knowledge. for that we must protect ourselves and warn some people about scammers

The greediness will make people lose control of their mind. I have seen people who have been getting trapped into the scam scheme as they were thinking they can get easy money from there.
We must never feel greedy because scammers were offering non-sense thing about ROI.

There's no doubt that one of the most damaging issue in the cryptocurrency space is the issue of con artist. It seems like the nature of this industry supports the scam scheme which has made it seem like a norm. It takes a great deal of careful effort for one to escape the pangs of Scammers in their journey on this space. I must commend those who have successfully stayed in the cryptocurrency space without making any loss as a result of scam projects or platforms.

Yes, you're right. Scammers is not only the problem for the cryptocurrency world but also the problem for all other markets. Especially, the cryptocurrency market isn't familiar with many people, that's why scammers can take advantage of their lack of understanding and fool them. However, having proper education about the crypto world is really hard. The only thing we can do is to equip ourselves with knowledge and skills before joining in this market to avoid scammers.

Scammers are everywhere, no one can really eradicate those people. They're making a living out of it, the only way to deal with those type of person is to do due diligence and by not trusting anyone who you do not know. Crypto world is infested of scammers.

Indeed scammers are making a living through this and will going to exist as long as there are greedy people who easily believe their offer. Thats why having a knowledge on what you do is a must in crypto, so you cant blame anyone but yourself if something bad happen since its your decision why you end up being there.

Scammers have become a very popular problem today in the cryptocurrency world. however, quite a lot of people are hesitant to use crypto because there are so many scammers in it. as you said, the scammer also greatly affects the price of crypto. When a scammer traps users with an exchange, the crypto price sometimes dumps very deep.

The problem about scammers in crypto world is always there. It’s really the biggest problem we have it terms of perspective of other people about cryptocurrency. Because of this, the improvement and the successful of every possible new project to be launch are seriously affected. The confident and trust are been gone. New crypto users and even the people that first time here about cryptocurrency are also affected. There’s perspective about crypto are been in bad side. All they knew was it’s a scam forcing them quickly quits at early stage of their learning stage.

Everywhere is there a scammer even not in crypto related,they not hesitate to scam because of money related. So better be always vigilant because scammers are really big problem everywhere. And yes they are the cause sometimes dumping in some exchange,and i think we dont have to do but to be careful.

Even me I having a hard time to identify a certain project if it is scam or if it is a legit project. Scammers are becoming skillful than before where a scam project can look real projects because of their skills. They have also good marketing skills where they keep attacking many investors out there who became their victims soon. There is also fault for those who became victims of the scam projects because it only proving that they do not know what they are into and they do not fully understand the investment that they did.

Crypto isn't what anyone can just jump right into with out the proper knowledge or training, everything about crypto deals with high risks, whatever you come across in crypto space that you have no knowledge about it's better to do research on it first, there is strong possibility of getting scam in crypto space

Scammers are everywhere and no one can stop them from stealing because as long as money is involve they wont stop scamming other peoples money not only in crypto but anywhere.

You're right! Scammers are very harmful to the development and adoption of cryptocurrencies. But this is a problem of all industries and which industry is the first to solve this problem, that will have more trust in the community. I believe that we ourselves should also be involved in catching the scammers and showing them to the entire community. I also love that the Bitcointalk forum helps to identify scammers, for which many thanks to them.

In every crypto project that to be launch, there’s always speculating about the possibility of another scam project. This scammers will never learn and will always find a ways to be able scam other people so it’s up to us to avoid them. Scammers are always person hiding in different identity and use the data of other project to attract investors.

With the help from others to spread the awareness thread and that's enough to make people aware about the scam project and these days the total scam projects that exist till today become less and less.
Education for the newcomers is a must and it can be done through spread awareness. Even if scammers are everyone and there will always be a way to stop it.

I think the warnings given by the people in this forum are very sufficient to give an idea about assessing new projects. someone new of course does not want to commit suicide by losing their money in a junk project. those who are new will certainly seek the opinions of others.

If it wasn't for the right knowledge or training, why are you in crypto right now? ;D because basically wherever someone is, the risk will still be there, so only smart and experienced people are able to minimize the risk that he does not want in crypto, even though it will always be there.

They are a big problem on the crypto space. They tend to come out more whenever there is a move on crypto market as we can see currently. Coming up with all sort of strategy to defraud people. Guys be careful out there.

Don't worry, everyone is sure to be careful of the actions taken by scammers, even though every scammer always makes very smooth and wise steps, they still won't be easy to get people who have experience to be their victims.

as long as possible we can survive in the world of crypto currencies, then we can overcome scammers,
by not following the ICO, not following IEO in bad exchanges, not opening fake sites, stay cautious

Scammers are everywhere in the crypto space. But in my opinion, scammers is the biggest problem in crypto because if you are not ignorant that you always take research before you invest your money you won't get scam, and if you are not greedy that you don't always looking an easy way to earn you won't get scammed. So I think the biggest crypto problem that we might face is hacking of our crypto wallets because it would be a much larger money that we will lose if we get hacked.

Scammers are things that all investors hate many projects or coins that are already running just disappear, There is no solution to be able to disappear Scammers until now only carefulness before investing can prevent you from scammers

To increase attraction on new projects, teams are offering new systems. That's where scammers take the chance. In a hard situation of cryptocurrency, some legit projects are also becoming scam projects. Actually, no one can stop them but we can stop from stealing money. If together we could get some time to research before starting anything then everything would be possible.

I don't think all new projects will do that, maybe they just give new offers that can increase interest and in that way can make a lot of people who will give money to that place. the most important thing when it is like that is still to be vigilant.

There is no two ways about this, it is just the truth and they keep dragging the crypto space behind. Also, i think those impersonating Binance exchange to scam are just too much and not only do they exist on LinkedIn but also on Twitter and Telegram. In the same way, other categories of scammers are those that creates crypto projects and then exit scam. So in general, scammers are the biggest problems in this space and the best way to stay safe from them is by not being greedy hence going after fake giveaways as well as making research about every project we want to invest in.

Scammers are really the bad side of this world, and it is the main reason for people to stay away from this world. There are some ways of avoiding your money, information from scammers. But as you above said it is impossible to be stopped the scammers. We always should be aware. It is really so harm to say that there is not any way to solve this problem, but as l said we must be careful. Don't click any link which is unknown, your profile can be stolen. Scammers are always looking for new way for stealing people money.

Problem is those small projects that doing crypto platform are not monitored by the government. Usually they focus on huge ICOs that are registered but those who are not registering their project can usually scam users or traders. There is always risk since its decentralized. No projects ever submitted their legality especially if their purpose is just to scam the investors. Weve seen a lot of it in the past.

This is indeed a big problem even for all fields, but we cannot delete it. Fraudsters will always be in any angle whatever we do to improve security, there will definitely be people who are victims of fraud. Some articles that I read also fraud will always be there as long as the desire is there because the people who commit fraud are human beings and we are also human but there are those who have good intentions and some are bad.

one of the reasons for the fall of the ICO world last year was because of the many scammers who nested there. even today, IEO is still vulnerable to scammers. however, that is a difficult thing to deny at the moment. the best way to avoid it is to do research. many people are aware of it, it's just that they still don't do in-depth research on the project they're interested in.

Scammers is the biggest problem of crypto currency. Not Only scammers  but there are other problem also. Scammers are not well  educated  person.  We should be aware of scammers.  We should not give a bit of chance any scammers.

I see this in Youtube, many popular youtube channels change name to Binance Ceo and always post giveaway video.
This is no problem for many crypto users if they know that is fake and scam.
But, there is big problem if new investors try that and get scammed by fake giveaway or invest to scammer.

I don't think a new investor will be easily fooled by such ridiculous things either. they will be looking for better sources of information. after all, the youtube channels of popular people who were hacked and changed names of course there will be publications on their other social media.

It's not just in crypto tho, everything you see in the internet probably have a bad side or someone whose trying to scam us, no matter in what enviroment you are you will see scammer and fishy stuff around the stuff.
But, by looking at the experience and how much have we faced the scammer. We can learn and improve how to actually avoid those scammers in the future.

Perhaps, scammers will gonna disappear as long as there is money involve they will always have a chance to find a victim to get some money.
It's all coming by a chance that crypto space nowadays was very trending years now that has been done. Especially here in different ICO, and airdrops projects. So, the best solution for this is to avoid and stay away from them.

Thats where youre wrong. Mostly of scammers even studied on prestigue universities but their way to accumulate funds or used their knowledge is not good. Since they are setting up investors to a big trap. How good is that when your brain moves to scam others? Maybe they are brainy people but can they not be shamed that the money they get is coming from illegal way?

Well i see that scammers are really a big problem not only in crypto but also outside the crypto feild. I beleive that the scammers are really making a crypto down from the past few month's, scammer really make the investors afraid on investing in crypto investors lost funds because of the scammer and its getting more and more worst everytime scammers scam investors.

Due to increasing scam projects, investor are loosing their confidence on new projects and due to which projects even which are genuine, are failing. This in turn taking the mindset of investors and market in negative direction.

It's a big challenge for investors and bounty hunters to find a good and honest project to join the temptation for the developers are always there to run with investors money, I'm lucky to have joined one good project after 5 scam projects, I'm talking about Oikos I'm praying now that the currency campaign that I'm in will also show potential just like OIkos.

Tell me in which industry there are no scammers? each and every field have their own set of a con artist to steal from you
but as the crypto space is so huge and  high risk and volatility new investors don't tend to study properly and believe fast whatever looks attractive
so always be prepared and study thoroughly about each and every new coin, project & investment you make

nothing can disappear scamers from the crypto world scamers are very neat and hard to figure out I'm tired of getting scamers from the bounty
can only be silent and remain optimistic that someday will get big results and avoid scamers

There's no doubt that scammers have been a menace to the cryptocurrency community. Their impression as it relates to reputation is disastrous. Several cryptocurrency exchange have been hacked in recent times and binance is not left out. I read that Eterbase Exchange was hacked earlier this week. Its quite unfortunate that nothing much has been done to prevent the occurrence of those issues.

If you talk about bounty campaigns, there are indeed a lot of scammers who try to make the participants of the bounty campaign look stupid, it's better if you want to participate in the bounty campaign then you can look for a bounty campaign that is willing to make payments using bitcoin or at least has provided the promised allocation to bounty manager so that there will not be a scam and does not make the participants disappointed.

New investors or people who have less knowledge and are at very initial stage hearing all such news leads to a very negative impression on their mind as then they start relating crypto is bad, all wrong doing are happening, people are being getting scammed easily etc. Also, quite a few governments also do not make it legal because of such things.

Scammers are everywhere as many will surely try their luck by earning an easy money by either scamming or hacking if they have some deep knowledge about blockchain and they want to use it in a bad way.

Scammers are already existing even if the crypto was not there yet so this problem is quite old already and there is a very less chance that it can be stop. It can be lessen but
those greedy people will not stop so we can really say that they are the biggest problem to crypto lovers and investors. What we can do is to avoid them at all cost.

Yes, it is very clear that eliminating scammers in the crypto world is very difficult and even impossible, because the scammers were born based on their intentions and the opportunities that they always take advantage of in every condition.

The only way to combat these scammers is to educate ourselves and to know how they exploit and implement their methods , what I mean is we educate ourselves what tools they are using, and what tools we can use to track their activities if they are launching an ICO we can use a plagiarism check to check if they are plagiarism other projects, we can use image tracker to check if they are using fake profile in their team page.
Scammers are good at what they are doing so we have to also equip ourselves with tools on how to combat them

I only had 2 experiences with scammers in my crypto "career", the latest one sadly costed me a nice bag of ETHs, but hell, I learned my lesson the hard way. The only thing I have been noticing lately is scammers that are filling bounty spreadsheets with bot accounts, its extremely annoying to look at, but imagine how annoying it is for bounty managers who have to weed out all of those thousands entries one by one.

As of the current time larger number of people uses internet day and night compare before the pandemic.  Many online jobs as well as part time in the internet becomes trending and in demand. Due to that, scammers sees a bigger opportunity to scam people who finds job or part time. Yes crypto is one of the most commonly used is scam due to possible big profit in return.

News regarding crypto scam
https://www.gmanetwork.com/news/news/nation/753370/26-victims-invest-over-p500-000-in-cryptocurrency-scam/story/

Another, I have friend that loves to earn crypto due to my influence but instead of trusting sites that I knew she becomes a victim of different unknown sites.

Scammers are indeed a disease in crypto and that also cannot be eliminated because scammers will continue to exist, all we can do is how to avoid these scammers, namely by doing a lot of research and not being tempted by the offers they provide

Yes, avoiding scammers is the only way that everyone can do in several ways, either by doing research or otherwise, because scammers will continue to be born with new methods and trends that they always use as the main bait in crypto.

What destroys the crypto world is indeed a scamer that is already so large in number, but this problem has no solution to solve it and we are worried that later the value of crypto decreases simply because the scamer is always working on it, for now this problem that must be focused to be lost in the crypto world so that the development of the crypto world will be more visible.

whatever is popular there are scammers ready to expand their skills to profit. we also have to follow what's going on in the market if we don't want to be trapped by scammers. because they will continue to study the market and the nature of investors.

as long as money is still a medium of exchange, scammers will continue to exist, because it is an easy way to get money. and I think it will be very difficult for the scammers in the crypto world to disappear better never trust 100% stay always alert.

Agreed with you that scammers are considered as one of the biggest crypto problems, but don't forget to add hacking also in the problems that crypto world is facing. So we must always be careful with all of these to avoid losing money.

Not only scammers that we need to worried about but also we need to worried about hacker that always waiting for the moment to grab our private key if we make a mistake in the internet. There was a lot of danger awaiting us if not be careful at what we doing in the internet so better to always watch out and try not to make a mistake while surfing the internet.

Rather than hackers, scammers are found much in the global cryptomarket. This is all because of the increasing demand for cryptocurrencies. Whenever something gets value, somehow people will try to make money out of it. This is how scammers are found high in the market. Scammers mostly target the newcomers, because they doesn't know about the market.

It's just that often an unknown project, which at the very beginning was not needed by anyone, eventually shoots up and flies to the moon, so many newcomers try to find their project and come across scammers

yes, scammers are the number one problem here, because I remember when I joined crypto back then in 2019 I lost my capital to a single scammer those who have been scammed knows how it feels, I mean I wasn't only discouraged I was really frustrated, something has to be done immediately about this inhuman act.

As a decentralized platform, there is I think nothing that can be done to control these people. Even in fiat currency, in precious metals, gems and others, there are scammers everywhere. Many people have been victims of these hooligans, and they have been doing this for a long time. What we can do right now is to be vigilant and be wary that such individuals exist and that we need to be very careful where we invest our hard earned money.

Not only in youtube but in almost all of social media, the scam is so rampant and they always trying to impersonate some famous people which definitely didn't work if we have some Iq but there's always some person who gonna believe some random stranger in internet which is very unfortunate but you actually can do nothing about it since these scammers are so many.

In all times a lot of scam they are rampant in any kind of businesses. I also encountered scams many times here at cryto world this is the biggest problem that we have to aware in joining any  kind of project.