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Investing in crypto-assets: How to limit the risk of being exposed to fraud

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In 2017, thousands of investors in over 175 countries found themselves with empty pockets after having invested nearly US$4 billion in a cryptocurrency called “OneCoin”.

The mastermind behind the project, Ruja Ignatova, vanished with what is believed to be the entire amount missing. This news item struck a nerve in the cryptocurrency world.

The BBC even devoted a podcast to it. And while this case was one of large-scale fraud, the fact remains that fraudulent schemes are frequent in the world of crypto-assets, which includes cryptocurrencies (such as Bitcoin) and non-fungible tokens (NFTs).

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