Crypto fraud: Understanding its threat and impacts

In general, crypto fraud involves schemes that use cryptocurrency to trick people into losing money, sometimes by promising incredible returns, other times by impersonating legitimate companies. These scams span a variety of situations. On the business side, ransomware attacks often demand crypto payments. When it comes to individuals, investment style fraud is far more common and many people don’t realize how legitimate and professional these schemes can appear. 

Crypto fraud: Understanding its threat and impacts