18 Apr 2019 Simon Briggs
Newsbtc Is A Scam? Numerous Signals Reporting Fraudulent Behavior
Over the past month numerous reports of cryptocurrency media website NewsBTC not fulfilling their contracts with publishers, agencies and fintech startups have put a question mark against the news outlet's reputation.
Furthermore, statements of NewsBTC`s fraudulent moves have emerged into various community message boards. The reasons for such behavior are still unknown.
Crypto companies and media agencies have suffered major financial losses, with the last case being report by a prominent digital marketing agency, being promised to receive services at the value of $2,000.
After the ICO scams in 2017 and 2018, it seems that not only crypto scammers are stepping up their game, but they are also discovering new and refined ways for B2C and B2B frauds. The lost amounts may be small at first sight, but such behavior puts the security of the whole cryptocurrency sector at question – a subject that has been a constant pain for crypto companies and regulators worldwide.
Accusations of NewsBTC`s fraud come amid the news that Singapore police have raised charges against OneCoin activists, $18,5 million crypto scam in Korea, 4-year sentence for a $450 000 money-laundering individual in Denmark, and regulatory bodies tightening their frameworks against frauds.
The question, without a doubt, is how the crypto community can eliminate scams and frauds like those of NewsBTC and OneCoin`s MLM scheme.Scam News Crypto Market scammer