What do you know about 'chives' when it comes to 'blocking' cryptocurrency scams in 2021?

2021 is an important year for cryptocurrency announcements, and popular cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are celebrating good years since the Memestock boom in January. These cryptocurrencies have reached new heights, catching the attention of many previously unknown traders.

However, cryptocurrencies are an unthinkable and immutable industry, with few policies and regulations in place to protect cryptocurrency investors. However, in recent years, there are still a lot of new cryptocurrencies entering the "half-heaven, half-hell" market to try their luck, and they and some scammers have created the most popular virtual currency market. unique and specialized in 2021. The most fraudulent.

squid game

What would you get if you traded the biggest and most popular TV series "Squid Game" this year for cryptocurrency?

The answer is, you will be the boss of one of the most "dead" scams of the year, Squid Game.

Apparently, Squid Coin is a unique symbol for the platform game of the same name as the Squid Game. The platform follows 6 episodes of the TV series, and the final winner (the highest price for the show is $ 38.5 million, this virtual currency project has no cap) is put under squid piece shape. However, players are required to pay an advance of Squid Coins to participate in each game, and some tournaments require users to purchase NFT rules (not homogeneous tokens like in-game skins or in-game items) sold on the game. platform.

It's a project that looks like a scythe for slicing green onions, but it's a huge success. During sales before October 20, it was known that less than two squid coins had been sold, and when the squid coin was released on October 29, the 1 cent squid coin was selling for $ 2.22. . 24 hours. 2400%, and over the next few weeks the price of Squid Coins hit a whopping US $ 2,861.8 (around RMB 18,309), as CNBC, “Forbes”, “Business Insider” and many other media owners. . Squid room level guide.

However, like most Ponzi schemes, the Squid Play Virtual Currency Project does not settle soon after reaching a certain level. When prices rose, traders once complained that they could not sell Squid Coins to Pancakeswap, the only virtual currency that can exchange profits. Squidcoin was blown away and decided to believe the explanation that Squidcoin founder LinkedIn used the new concept of "anti-dumping technology" that the project temporarily banned people from selling Squidcoin as demand dwindled.

However, it became another 'pull the rug' scam. On November 1 EST, Squid Coin fell 99.999976% from US $ 2,861 to US $ 0.0007 in five minutes, falling rapidly. LinkedIn, now founder of Squid Coins, receives cash and exchanges equivalents for Binance Coins.

Save the children

In 2021, the announcement of the advancement of KOL's cryptocurrency in the United States will be the highlight of the year.

For example, Musk, who recently sold Tesla shares and is set to retire as a "web celebrity," reiterated Dogecoin on the relationship, and the scam we're talking about today also has was provided by KOL on the social media platform. . Propaganda and cryptocurrency platform.

In June 2021, four members of the Los Angeles esports team FaZeClan, Kay, Teeqo, Jarvis, Nikan, and YouTuber RiceGum launched a cryptocurrency called "SaveTheKids," a fundraiser for a children's charity. . announced that he was going to create. This should be a win-win situation for the project and KOL, but this is another 'carpet draw' scam.

It happens when creators create cryptocurrencies with the intention of running away with investor money. Shortly after the SaveTheKids token was announced, the cryptocurrency fell due to the big eyes of the early traders who held most of the tokens, and SaveTheKids became worthless when it went public. .

It might not be a scam here, but some specialists like Kay of FaZe support cryptocurrencies, which end in ways like Coffeezilla, SomeOrdinaryGamers, and Middle Sociable. Kay on FaZe is all about advertising.

Finally, in early July, Los Angeles esports team FaZeClan announced the results of their own selection, and four members were removed and three were expelled on fraud charges.

milf token

If Adin Ross isn't found guilty of supporting the MILF's plays, it's negligence.

Ross is a fan of Twitch news with millions of subscribers on the platform, but he himself is a total liar.

It was a scam for Ross to deliberately post on social media everything he did on a project. Ross has used this approach to promote online casinos in the past, and as a result, it received negative reviews last year, and in May of this year Ross also followed suit and entered the world of cryptocurrency. Supports virtual currency called MILF coins.

As always, Ross announced the hundreds of thousands of dollars he received in MILF coins from social media, pointing out the cumbersome process of buying cryptocurrency. However, just three weeks later, that investment changed the way Ross delivered his message.

"By the way, the MILF tokens I made awhile ago were just crap!" I told you not to buy this thing. Rose said with a smile on the live show. "

According to the press release, the MILF coin has lost about 98% of its value compared to the Ross promotion.

piece of money

You wouldn't have ignored the tweets about the new Meme Coins project if it hadn't been for a response from Elon Musk's fake Twitter last year.

This year, fake news has taken crooks to a new level.

For the second time in 2021, fake news from international companies was spreading fake news to spread rumors that the company would start accepting cryptocurrencies. In September, fake newspapers announced that Walmart would start accepting Litecoin. A few months later, fake newspapers confirmed that Kroger would accept Bitcoin Money as a payment method.

But no real news. The crooks behind this fake news fabricated fake news through the mainstream media and made the rounds of the mainstream media. As crypto professionals continue to seek recognition and legitimacy from their young companies, scammers claiming authentication and legitimacy will continue.

The move drew criticism from former stockbroker Jordan Belfort (The Wolf of Wall Street). In an interview with The Sun, he told investors to invest in cryptocurrencies such as Dogecoin (DOGE) and Shiba Inu (SHIB) in Meme Coins. I warn you. Don't invest your money. Shiba Inu and Dogecoin are unnecessary jokes.

poly network

Poly Network's invasion of the century in 2021 cryptocurrency scam affair has to be named

This summer, hackers discovered a breach in Poly Network, a financial management platform, that allowed them to convert more than $ 600 million into virtual currency in their accounts.

But such large sums of money cannot be lost without guilt. Weeks later, the hackers called Poly Network, claiming they were still willing to return their money. Poly Network also calls hackers "Mr. White Hat" (right-wing hackers) and is very cooperative in finding security holes in the platform and fixing them before terrorists appear.

Finally, the hacker broke his contract and transferred most of his crypto money to the platform, preventing further losses for Poly Network and its users.

How does a hacker profit from it? First, because he committed the biggest cryptocurrency theft in history, he couldn't avoid the consequences, and second, Poly Network offered a reward of $ 500,000 to the hacker who returned. behind the funds and assets of the beneficiary.

06

apricots

Foreign media confirm that at the midpoint of South African cryptocurrency investment platform Africrypt, Ameer Cajee and Raees Cajee, founders of Africrypt, have lost contact. 69,000 BTC (with a current value of around $ 2.3 billion). It would be a scam.

Africrypt is a cryptocurrency investment platform created in 2019 by South African brothers Raees Cajee, 21, and Ameer Cajee, 17, whose goal is to reach high-profile audiences.

Like all scams, Africrypt promises great returns to its customers, claiming a daily return of 10%. The company is so focused on its victims that most investors see it as the secret key to financial freedom. It is a business focus that has given Africrypt access to other high net worth investors in the past.

In fact, by April 2021 Africrypt was already planning to evacuate, but the Cajee brothers argued that their company's capital had been stolen and all of their money had gone bankrupt, telling them not to do it as legal. as possible for them. . In order to get the cryptocurrency back, Africrypt workers fell into the salvage system seven days before it was released, at which point everyone was unhappy. Later it turned out that all the concerns were worthless, and eventually the Kaji brothers disappeared from public view with 69,000 BTC.

The lawyer representing the trader claimed that the Cajee brothers stole 69,000 BTC. If this were true, Africrypt would be the biggest cryptocurrency scam yet. However, Brandon Topham, director of the South African Financial Sector Action Authority, argued that legitimate crypto assets are not financial assets and therefore this is a prohibited publication.

Baignoire NFT

Compared to the loot of other scams on this list, the Jeff Nicholas story is trivial, but still worth a mention.

Nicholas owns three NFTs (Monkeys, Cats, Dogs, and Computer Generated Art) and purchases non-counterfeit tokens as proof of connection ownership.

Nicholas said the crooks are using the phenomenon rather than the promotion. Another time, crooks wiped the NFT monkeys, cats and dogs from Nicholas' wallet. According to Nicholas, the total cost of the scam is around 150 ETH, or around US $ 480,000.

When NFT was first stolen, Nicholas tried to spread the word to tell others not to buy stolen NF, and the OpenSea platform was also the first to shut down Nicholas' assets, but the crooks sell it for a high price. the player. , Nicholas still has a way to get it back, but will have to buy it back with real money.

Although he has since been deemed to no longer own the blockchain, Nicholas claims that the unreliable data on the blockchain is unrelated and that he is the true owner.

Perhaps that could lead to NFT being hijacked as the biggest scam of the year after all.