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Beware With Cryptocurrency Scam

By Cpiet Selasa, 08 Maret 2022 Pengunjung (7) 3 Mins Read
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inp.polri.go.id - Jakarta. Cryptocurrencies are digital assets designed as exchanges that use strong cryptography to perform financial transactions, control the process of creating additional units, and verify asset transfers. Cryptocurrencies should be based on blockchain technology. Blockchain is a technology that is used as a storage system or digital data bank that is connected with cryptography. With this system, all cryptocurrency user transactions can be recorded in blocks that are protected with complex passwords. As a result, theoretically, cryptocurrencies are safe and valid. But this discovery still has many loopholes to deceive the public. The National Police (Polri) reminds people who want to invest in Cryptocurrencies (crypto) to always be wise. Currently, crypto is still a commodity that can be traded in Indonesia, not an alternative currency, and not an investment object. Beware when crypto service providers require their members to invite new members, especially if new members cannot access their wallets. This will tend to fall into the Ponzi scheme. Also, be aware when choosing your crypto exchange companies. Keep asking for financial data periodically. Just to be safe, even Turkey's largest crypto exchange, Thodex, has taken its customers' money worth US$ 2 billion. Also, watch out for new crypto coins. It could be just a trash coin. They offer cheap coins but don't have strong fundamentals. The coin can be engineered with software manipulation (not blockchain-based) that shows fake numbers. Scammers often also sell platforms that offer unreasonable profits or offer fake investment robots. It could be that celebrities are hooked up to make it easier for them to get victims. Even they made it feel like the celebrity is the issuer of the crypto. There are also scams in the form of Crypto Miner and Cryptojacking companies. Companies that claim to be coin miners usually offer cloud mining technology in the form of applications. This mode is a scam that will eventually be abandoned. Or it could be that the cloud mining application is working properly, generating coins, but there is an infiltration of malware that makes more coins transferred to the seller. The buyer only spends internet and electricity quota. Polri asks the public to understand that crypto sales are only carried out at crypto asset trading institutions that are registered and supervised by CoFTRA. CoFTRA itself determines many licensing requirements to become a crypto trader, such as a minimum authorized capital of IDR 50 billion, ISO certification, and so on.
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