Thats simply propoganda that governments use to justify making harsh laws on crypto forex ownership. Most schemes of this kind use multi-degree advertising and marketing schemes to encourage traders to conduct risky investments. Most exit scams (or rugpulls) in addition to many ponzi schemes involving cryptocurrencies are performed by means of Initial Coin Offerings (ICOs). PlexCoin: After Dominic Lacroix and Sabrina Paradis-Rogers (the founders of PlexCoin) had officially raised around US$15 million through a fraudulent ICO in August 2017 while promising a return of 1,354 % inside a month, the SEC filed a civil complaint in December of the identical yr in opposition to them and sought an injunction to stop those gross sales, freeze the assets concerned, pay civil penalties and prohibit those accountable behind the token launch from participating in any future offerings of cryptocurrency. Definitely, even supposing cryptocurrencies aren't a generally utilized fee choice, a quantity of businesses have started to just accept them in return for his or her goods and companies. In that case, the network doesn't have any provisions to establish the thief, block additional transactions of those stolen bitcoins, or return them to the reputable proprietor. Thefts have raised security considerations. Two individuals were charged for the thefts.