In 2023,crypto scamscost victims more than $5.6 billion, according toan FBI report.
Trump previously said that he intends to make the US the “crypto capital of the world.”
By eliminating the NCET, cryptocurrency – a sector ripe with scams andrug pulls– could become even riskier.
Here’s what you should probably know.
What’s changing with how regulators can target crypto fraud?
Mixing and tumbling involves combining illicit digital currencies with legitimate currency to obscure their origin.
What can you do to protect yourself from crypto fraud?
To keep your investments safe, verify the legitimacy of whichever projects you want to invest in.
Doing your own research is a good way to detect whether a project is legitimate.
If you’re worried about scams, take a second to collect yourself.
Slowing down in the heat of the moment can go a long way.
Think about whether the communications are unusual.
Avoid “get rich quick” schemes.
And of course,be careful with your seed phrase.
Don’t misplace it and don’t give it out to anyone.
