If you think that everyone is getting rich purchasing cryptocurrencies, you would not be alone. Unfortunately, fraudsters have identified the cryptocurrency market as an opportunity to take advantage of greedy traders by offering fake ICOs, fraudulent coin exchanges and offers that seem too good to be true. In fact, there are hundreds of unregulated cryptocurrency exchanges that have scammed users out of billions of dollars.

Consider the Bitcoin exchange in South Korea, BitKRX, that was supposedly the largest exchange in the country. To many traders’ dismay, this exchange had actually scammed them out of their life savings. …

Sarah Kordyban

Cryptocurrency enthusiast.

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