10min chapter

Factually! with Adam Conover cover image

Inside the Crypto Crash with Zeke Faux

Factually! with Adam Conover

CHAPTER

Blockchain in Online Scams

This chapter discusses the use of blockchain in online scams, focusing on how scammers exploit the popularity of Tether to deceive individuals into sending money. It reveals the existence of scam compounds in Cambodia and Myanmar and the involvement of Chinese gangsters. It also highlights the lack of regulation in the cryptocurrency industry, the connection between scammers and human trafficking, and the speculative nature of crypto investments.

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