Scammers are a dastardly, low down bunch. Preying on the gullible, extorting the vulnerable, and hoodwinking the hoodwinkable with their promise of free bitcoin if you send a little first and daily interest on your Bitconnect loan. It’s an indisputable fact that if the cryptocurrency space were cleansed of scammers, the web would be a […]
The post If You’ve Been Scammed Out of Cryptocurrency It’s Probably Your Fault appeared first on Bitcoin News.
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Scams and Ponzis are easy to come by in the world of cryptocurrency. It is, unfortunately, the price we pay for a popular industry in the financial sector. DavorCoin is one of those projects which draws a lot of parallels to BitConnect, another Ponzi scheme which recently shut down after a few months of action. A daily variable ROI for altcoin lending is not impossible to achieve, but it is highly unlikely DavorCoin offers the real deal in this regard. What is the Deal With DavorCoin? On the surface, the DavorCoin project looks like a rather solid investment. More specifically,
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Shortly after receiving cease-and-desist letters from the State of Texas and North Carolina, BitConnect (BCC) discontinued its lending platform, effectively shutting down the Ponzi scheme and leaving investors with stacks of worthless BCC tokens as compensation for their dollars lost. When BitConnect announced the shutdown, the coin instantly dropped 90% and has since continued to depreciate. While this was great news for the majority of investors that recognized the nature of the scam, they may be saddened to see that several other Ponzi schemes have gained popularity in the week following BCC’s closure. The most prominent example is Davorcoin (DAV), which appears to
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