Crypto scam increasing on social media

[xSkylarx]

What has the government doing so far to regulate social media like they are regulating exchanges, despite that people that are using social media like Facebook, Instagram and many others do not have privacy, scammers and illicit actors still make use of the same social media to scam people.

The government can't do anything to these scammers because they don't have the authority to control the social media. All they can do is warn people about the said scammer or company to avoid investing their money on it. People in social media can create or steal any identity they want. They can't arrest someone just because people are accusing the person without solid proofs that he is really the one that scammed them.

[Luzin]

The government can't do anything to these scammers because they don't have the authority to control the social media. All they can do is warn people about the said scammer or company to avoid investing their money on it. People in social media can create or steal any identity they want. They can't arrest someone just because people are accusing the person without solid proofs that he is really the one that scammed them.

Not surprised, as criminals see an opportunity to cheat in crypto developments. The more new users, the happier the scammers will be because they have more targets. The government only handles the outside, they can't control the whole thing because of the decentralized system. Even though there are currently many crypto regulatory bodies, fraud still happens a lot. Then you have to be wise to use social media. You should think a lot before you upload photos or anything else because it is information for scammers. Smart in using social media will make you more secure and comfortable.

Mybe you can see this:
https://www.youtube.com/watch?v=NtrlsG80WHo
https://www.youtube.com/watch?v=u9dBGWVwMMA

[abel1337]

The government can't do anything to these scammers because they don't have the authority to control the social media. All they can do is warn people about the said scammer or company to avoid investing their money on it. People in social media can create or steal any identity they want. They can't arrest someone just because people are accusing the person without solid proofs that he is really the one that scammed them.

Not surprised, as criminals see an opportunity to cheat in crypto developments. The more new users, the happier the scammers will be because they have more targets. The government only handles the outside, they can't control the whole thing because of the decentralized system. Even though there are currently many crypto regulatory bodies, fraud still happens a lot. Then you have to be wise to use social media. You should think a lot before you upload photos or anything else because it is information for scammers. Smart in using social media will make you more secure and comfortable.

Mybe you can see this:
https://www.youtube.com/watch?v=NtrlsG80WHo
https://www.youtube.com/watch?v=u9dBGWVwMMA

This is why crypto scammers appears during bull market because newbies just entered in crypto market and will likely to find information and ways to earn in crypto. There's a chance that they will stumble in these scammers and be victimized by them because of their lucrative or too good to be true offers. Social media is now a hotspot to scammers weather it's crypto or just a normal fraud so we better be careful. Hackers also hacks various social media account that have substantial social media followers.  They use it to make it more believable to their victims. It's proven effective this past bull run.

[kawetsriyanto]

The government can't do anything to these scammers because they don't have the authority to control the social media. All they can do is warn people about the said scammer or company to avoid investing their money on it. People in social media can create or steal any identity they want. They can't arrest someone just because people are accusing the person without solid proofs that he is really the one that scammed them.

Exactly, moreover if crypto is not legal in that country, it will not be processed. Although crypto itself is legal, as you said, government may face difficulties in processing our scam report, moreover if that is untracted, only our case, or even not a big case. It may be processed when there may be big accumulative victims reporting, solid and rnough proves, known scammers, but once more, it may still have difficulties to process and prove.
Even though our cases are processes, wil we get again our money?