FBI says scams involving Tether are on rise in Denver

[krishnaverma]

Link to the news
https://www.msn.com/en-us/money/news/fbi-says-cryptocurrency-scams-involving-tether-and-usd-coin-on-the-rise-in-denver/ar-AA175wgQ

My take on this is that scams related to alt coins are on rise all over the world. There is need to take concrete steps to fight against this like

1) Strict punishment for scammers who are caught doing fraud with crypto. This has not happened in past. In fact, in some cases, major scammers were let free because of connections or other reasons. There should be such strict punishments that no one can dare to think of scam in future because of fear.

2) Government should take steps to increase awareness related to crypto in general masses. They should hire experts to give detailed talks and  recommend measures to general public to remain safe.

[sunsilk]

Scams have been there and this is just another reminder for most people that aren't aware of these scams. The reminders not just from FBI but even for normal plebs like us have always been told.

But the sad thing is that, there will always be those people that never take anyone's good advise for them because they think that they can do better and they know everything.

2) Government should take steps to increase awareness related to crypto in general masses. They should hire experts to give detailed talks and  recommend measures to general public to remain safe.

There's no need for them to do that, sometimes they're not even sure whether they'll support or not.

[ryzaadit]

First the warning.

We already have a ton of them in the internet and other, however most of the scam is always targeting a people who are don't understand anything about "crypto" or some non-tech people like older people.

They always figured it's a scam in the end, not before.