Wall Street

Crypto Scams: Want to Avoid Them? Here Are Five Red Flags.

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The Street

By Luc Olinga The crypto industry is young, and prone to scammers, who use different schemes to trick investors. Here are some red flags. “I don’t trust crypto; it’s a scam.” Investors often say this when they talk about cryptocurrencies. They suggest that the crypto space, which is still young and developing, broadly does not inspire confidence. Investors tend to let their guard down when prices go up. We saw it last year during the full-market euphoria. It was all about FOMO, or Fear of Missing Out. On the other hand, the level of mistrust tends to spike when crypto prices fall, which they’v…

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