Representation of cryptocurrencies are seen in this illustration photo taken in Krakow, Poland on … [+]
Aside from all the problems regularly appearing in the cryptocurrency space, there are also many crooks ready to relieve people of the coins they are holding, no matter how much the value has dropped.
The line of break-ins, exploits, and scams is never-ending. Plus, no matter how much someone like Senator Kirsten Gillibrand (D-N.Y.) says in an interview with Bloomberg Technology that “the interesting nature of blockchain technology is that it’s a hundred percent transparent, so if you want to trace who bought or sold something through cryptocurrency, you can do that pretty easily,” you can’t. Having an online address is not the same as having someone’s identity.
It’s up to the consumer—that is you—to be careful and know when something might smell fishy and require being wrapped in old newspaper and tossed into the trash.
But as happens with technology, the scam use of it also continues to advance, as is apparent in a forfeiture filing by the United States Attorney’s Office for the Central District of California. The defendant: “Approximately 40.997711 Ether
ETH
As the complaint reads, “P.M. is a resident of, and does business within, Orange County, California, within the Central…
