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ARTICLE · 24 NOVEMBER 2023

The Ongoing Battle Against Crypto Currency Fraud

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Crypto currency is now firmly established, having first arisen in 2009 when it rapidly gained traction. Its decentralised status was appealing to many investors.

United KingdomTechnology
Joanna Bailey
Joanna Bailey
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Crypto currency is now firmly established, having first arisen in 2009 when it rapidly gained traction. Its decentralised status was appealing to many investors. However, there was a significant divide as to how it was regarded. Many sources regarded as the future of money whilst others were considerably more cautious.

The volatility of crypto currency became self-evident but despite this, it still remained popular. The aspects that made crypto currency so attractive to investors, its decentralisation, online presence and its encrypted standing also made it a perfect vehicle for fraud. As the economic crisis deepened many novice investors were tempted to invest in cryptocurrency and discovered that they had been defrauded.

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