Scam

Posted on : by : BlockGlossary

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Meaning Of Scam

It means deceiving crypto trader/investors to collect money from them illegally without fulfilling the promised project, product or deliver the service paid for.

Example Of Scam

Mr. A poses to represent a popular crypto project, then collect money from potential investors/traders and disappears.

Mr. A and his/her team set up a crypto project to raise funds via ICO and other means. Then fail to deliver on their promise to investors.

See Crypto Exit Scam.

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