I think the entire crypto coin business is a giant scam. Some people(already wealthy or criminals) have gotten rich, or richer, by manipulating the crypto market while others(poor smucks taken in by the get rich quick schemes) have been left holding an empty bag.
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Detectives specializing in the area predict such cryptocurrency fraud schemes will soon outpace wire transfers as the largest payment method used by fraudsters ...
Red Flag #1: It has the word "crypto" in it. As currency, it has no inherent value or the seigniorage that comes from being backed by a government or central bank. As an investment, it has no product, service, directors or fundamentals that could be linked to performance or innovation.
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