Mind the red flags, trader! Read the signs of alleged crypto scam

Viktor Kochetov, CEO at Kyrrex, a digital wallet and professional cryptocurrency trading platform, discusses the common characteristics of fraudulent crypto exchanges. The ratio of scam is enormous, FCA says it has actually tripled since 2018 in the UK only. On a global scale, fraud, scam and thefts cost $1.2 billion for the crypto community in Q1 2019. The audience is divided into two camps: those who consider cryptocurrency a "fun digital commodity" (probably more fun than it is) and those who think it's nothing but a bubble.