The keys to not being a victim of fraud when investing in crypto assets | Finance | Economy

The ‘boom’ of cryptocurrencies has become the gateway for both scammers and hackers to take advantage of the enthusiasm and ignorance to create fraudulent models around these electronic currencies.

(Fortunes that crypto millionaires have lost in the midst of the crisis).

In Colombia, the Superfinanciera is conducting the pilot test for a regulatory framework, and one of the first to participate was Bitpoint, the exchange for buying and selling cryptocurrencies, which is licensed by the FSA (Financial Authority in Japan) and closed the 2021 with more than 250,000 Latin Americans registered. .

(This is how the recipe for the world’s first cryptoponqué was ‘cooked’).

The Director of Operations of this company for Latin America, Julián Geovo, pointed out that so that citizens are not victims of this type of crime, “you have to investigate the company well, see the comments, educate yourself mainly, and that does not mean going to university or a course, because there is still not much formal education in this regard, but have accurate information about the asset you are investing in, be clear that there are no magical or short-term returns, but that everything takes a process”.

In addition, he pointed out what are the frauds in the world of this type of digital currencies, below the five most common:

1. Ponzi schemes or “pyramids”: The scammers ask investors for initial money in the form of “packages” that give “guaranteed returns”, since they are made through cryptocurrencies, and will be managed by “true experts”. However, this is not sustainable because the returns that are beginning to be obtained are financed with the money of other people who are the base of the pyramid.

2.Rug Pull: Normally, it occurs in new, unsound projects that seek to quickly inflate the price of the asset, done artificially, and then abandon the project and leave with all the money from it. For this reason, it is very important to study the project roadmap, its fulfillment and the stage it is in, as well as to evaluate the problem it solves and the team behind it.

Crypto assets

Crypto assets


3. Magic Courses: The general ignorance about the crypto world has caused many people to buy “facade” courses that have poor or no content. In that case, “what I would recommend is that you take a good look at who is behind the training to acquire it.”

4. Fake profiles on social networks: In this case, social network profiles of well-known companies or of different personalities such as Elon Musk are replicated, where the purchase of cryptocurrencies is encouraged or bank accounts or crypto wallets are made available to users. to transfer values.

5.Phishing: scammers often use websites identical to the official ones, as well as very similar emails, text messages or social networks, which are falsified, but which for many seem to come from a legitimate and reliable source such as banks, where the payment is requested. payment of a cryptocurrency immediately to receive a service or prize in exchange.


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