Cherish Your Cryptocurrency Assets----Cyber crime alert
It is no longer news that cryptocurrency theft cases are on the rise as the trade on cryptocurrency gain populace around the world. Almost on our everyday news, people are being scammed of their cryptocurrency assets which is always in millions of dollars.
Just few weeks ago, the Economic and Financial Crime Commission of Nigeria (EFCC) has declared founder of a popular cryptocurrency Pinkoin and the blockchain project Inkcoin wanted for a fraudulent case amount to $82,000 which is about 32 million naira.
It is said to have over 200,000 members on telegram and other online associates.
The Stackholder in Blockchain Technology Association in Nigeria (SiBAN) opined and I quote:
SiBAN, as Nigeria’s self-regulatory body in the blockchain space, did raise questions. The questions SiBAN raised informed its decision not to register Inksnation as a member when Inksnation applied for SiBAN membership. Our public statement concerning this remains public. In fact, concerned about investor safety, our members engaged the Inksnation community about the legitimacy and sustainability of the Inksnation project. But our genuine concerns were misinterpreted. We were attacked.
Regardless of what comes out from this episode, it tells us that stakeholders in the blockchain & crypto space must keep investing in blockchain & crypto education and awareness. I believe that this is the best way to keep the community safe and investors protected, proactively. And this is where we need community support, including support from the media such as Bitcoin KE and other media platforms in the space. We will remain vigilant.”
What can the be done
Cryptocurrency education will go along way to solve the problem of scam which have taken another toll in Africa.
Moreover, traders should not be too greedy as this will lead you to scam sites and more
Security details must be kept appropriately and secretly.
Trade with caution.
For more information visit https://bitcoinke.io/2020/11/efcc-flags-pinkoin/