I've been posting warnings about scams and how you can protect yourself from them.
Here's the newest crypto scam that happened which made Kenyan's lost million of dollars.
According to a report from news.bitcoin.com, a cryptocurrency Ponzi scheme called Bitstream Circle are believed to have stolen more than $10 million in investor funds. The alleged theft became apparent on March 13, 2022, when some of the scheme’s investors encountered problems making withdrawals.
More details about this,
According to one report, the alleged Ponzi scheme was registered in the U.K. in November 2021 as Bitstream Circle Limited, and Chinese national Quin Yang is listed as the director. The report adds that the scheme had amassed over 11,000 members from across seven countries in less than four months. Most victims were apparently lured by the promise of a daily return on investment of between 5% and 8%, the report suggested. Fresh reports that Kenyans may have lost millions to yet another cryptocurrency scheme come shortly after a Kenyan government official claimed $120 million had been lost to similar scams in the past financial year. While many of the scheme’s investors now see Bitstream Circle as a scam, the platform’s early investors initially dismissed these allegations.
Users have been sharing a screenshot purporting to show one of the masterminds mocking the victims.
This is why we should always be vigilant and please do not forget to DO YOUR OWN RESEARCH first before going into investment - it is hard earned money that we are talking about.
