The cryptocurrency market has matured beyond recognition in its ten years of existence. Regulation has gained ground in many jurisdictions around the world, encouraging individual and institutional investors to enter the market in droves. However, malicious actors continue to run amok within the industry, and often have the sole aim of defrauding cryptocurrency investors for personal gain.
Given that the market came within touching distance to having a cap of $1 trillion in 2017, it is no secret that crypto investments can be extremely profitable if done right. However, one major problem that affects crypto investors of all skill levels is the trustworthiness of a particular digital currency. While the number of fraudulent projects and Ponzi schemes has reduced in frequency due to increased regulatory attention in the past couple of years, other scams such as pump and dump schemes continue to exist and prey on the unaware.
