Rochester, NY – With growing comfort with crypto, more consumers jump on the digital currency market. And the figures should grow while the Crypto token of the Trump family has started to exchange this week. However, experts say they expect the number of fraudsters to increase.
President Donald Trump signed the law on engineering in July. He has raised his own crypto kingdom thanks to the launch of the family company Trump, World Liberty Financial, with its stablecoin now on the stock market called USD1.
Bezalel Eithan Raviv, CEO of Lionsgate Network, a Blockchain Legal Medicine Company, said that he had studied more than 6,000 cases of different cryptography scam in 2024 only.
“The Bill Genius can be smarter,” said Raviv. “If you are going to ignore the security gaps, we essentially have the next wave of scams.”
The law regulates stablecoins, the cryptocurrency set to the US dollar. Thus, as its name suggests, stablecoins are more stable, lacking volatility of other types of cryptocurrency.
Raviv warns that people looking for the safety and regulation of stablecoins can be due by false websites that look exactly like real crypto exchanges like Coinbase.
“The real platform with which you are committed is not Coinbase. It is a phishing website imitating Coinbase,” said Raviv.
He warns that cryptocurrency is still heavy with fraud and we must be cautious.
“One in three Americans is targeted between 47 and 60 years old,” said Raviv. “We want them to have this mentality to recognize the threat before sending the funds because recovery is not a walk in the park.”
Although stablecoins are fixed to real money, many digital currencies are not. For example, the President’s piece even was sold at $ 75 in January. But to date on August 3, it is now estimated at around $ 8.00, and many first investors have lost their shirts.
The crypto can be extremely volatile and, as with all investments, professional advice is advised.
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