2019’s Bitcoin Price Boom is Reawakening Hellish Crypto Scammers

Mark Emem
It's been a year of sizable gains for cryptocurrencies and scammers are predictably taking advantage of novice investors loaded up on FOMO. | Source: Shutterstock

By CCN Markets: Cryptocurrency evangelist and educator Andreas Antonopoulos has warned that the bull run the bitcoin price has been enjoying has revived fraudulent activities in the crypto space.

Bitcoin price has tripled and scammers want to ride the wave

In a series of tweets, Antonopoulos indicated that the prolonged crypto winter had driven scammers away. But now with the bitcoin price having nearly tripled from its 2018 low, bad actors are back with a bang.

Antonopoulos likened the current wave of scams as reminiscent of the period between August and December 2017. This was when the bitcoin price from below $3,000 to a record high of nearly $20,000.

Bitcoin price

Bitcoin Price between August – December 2017 | Source: CoinMarketCap

Read the full story on CCN.com.