Crypto industry must keep scammers from stealing another $16 billion By Cointelegraph

Crypto industry must keep scammers from stealing another $16 billion
Crypto industry must keep scammers from stealing another $16 billion

Unsuspecting investors have lost $16 billion by buying into crypto projects they thought would be the next best thing. And that money is nearly impossible to recover. As the crypto industry established itself as a disruptor of currency and technology and as (BTC) began to gain traction in 2017, scammers took advantage of naïve investors interested in getting involved.

Related: Crypto Crimes Rated: From the Twitter Hackers to Not Your Keyser, Not Your Coins

Transparency and disclosure

Better IR practices

Education and awareness

Accountability

Lihan Hyunwoo Lee is a serial entrepreneur and technologist who solves real-world problems with a data-oriented approach. He previously founded OpenSurvey, Korea’s largest mobile survey startup. He was also a co-founder of a leading food and beverages startup that deals with sensitive medical data. His current passion is using data analytics to help solve the transparency issue that plagues the crypto industry.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.