There is a spate of scammers within the crypto currency communities.
Too many people have fallen victims to scams in the last 12 months. The Ponzi schemes, High Yield Interest Programs (HYIP) trading and arbitrage robots, all of which are being actively promoted and pushed on the unwary or the uneducated.
Cryprocurrency promises such high returns or such a life changing opportunity that it is easy to forget that these 'instant wealth' packages are the same scams used throughout the last century. A new wolf in the same sheeps clothing.
So we – the XRP Community – are taking a stand. We’re not prepared to stand idly by whilst members of our community or anyone else within the crypto space are taken advantage of. ALL of us have worked hard to get to where we are, it’s time to stop innocent people being duped by the conmen. This brief guide is designed to help you know what signals to look out for, understand how the scammers work but most importantly, stop you from falling for their tricks. Always remember that greed is the conman’s greatest weapon, honesty is their worst enemy.
We’ve worked together as a community to create this guide. We want to work with other crypto communities to spread awareness and get these scammers’ platforms permanently shut down. The reality is that these scammers ruin lives. They destroy, they tear down, they steal. They cause untold misery, hurt, upset, disappointment, despair and countless lives have been lost because someone was financially ruined after getting scammed. Families get torn apart, friends turn on each other. The worst part is that these scammers do it all anonymously, never having to encounter their victims face to face. Guilt doesn’t play a part in their feelings; their only job is to get you to send them your money.
If you have fallen victim to one of these schemes, you are not alone. There are thousands of people, just like you and me, who thought they saw a really good opportunity only to discover that they were sold a dream with no substance. It’s time to draw a line in the sand.