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Author: Admin | 2025-04-28
Recent activity.2. Beware hot tips from "friends"Multilevel marketing, or MLM, scammers typically use the language of crypto to persuade people to bring their crypto-curious friends into their pyramids, promising them bonus payments for recruiting more "members." But crypto projects don't have "members" -- they have investors. And in most cases, bringing friends and family onboard won't help an investment one jot.MLM experts know that being at the top of the pyramid is a quick route to riches. But getting involved in the lower echelons could be a quick route to financial ruin. Last year, a U.S. court convicted a California man who duped investors all over the world out of $147 million. He had been running a pyramid scheme that promised members access to tokens he said were backed by real-life gems, Bloomberg reported.Don't get your crypto tips from a long-lost cousin or a former workmate who just friended you on Facebook. Go to price-tracking websites like CoinMarketCap, CoinGecko, or CoinPaprika and look for large-cap coins (or promising small- or mid-cap cryptocurrencies, if you prefer). These sites contain real-time and historical data on coin prices and trading volumes. If the token Cousin Jimmy is talking up isn't listed on any of these tracking platforms, tell him to take a hike.3. If anyone starts talking to you about "guaranteed" returns, exit the chatThere's no such thing as a sure thing in crypto. Scammers who claim to have developed high-tech solutions that can guarantee gains for investors usually end up behind bars.For
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