As average investors rush into the world of digital currency, scammers are popping up to fleece them with familiar tricks—such as claiming they’re associated with famous figures in the industry like Ethereum founder Vitalik Buterin.
The problem has become so acute that Buterin himself took to Twitter on Wednesday to tell people to beware of “initial coin offerings” (ICOs) bearing his name. In a tweet, Buterin posted a screenshot from a good Samaritan on Reddit warning about a fishy coin project, adding that the caution could apply to other ICOs listing him as a partner.
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