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Cryptocurrency has captured America’s attention this year — and “Olympic-level scammers” have taken notice too.

With the rise in popularity of crypto and blockchain technology, there will be an influx of unprecedented cryptocurrency scams, according to William E. Quigley, a prominent investor and co-founder of the WAX blockchain

The high-tech nature of crypto will attract sophisticated scammers capable of pulling off “Olympic-level” hacks and schemes, Quigley said during a panel discussion hosted by blockchain firm Light Node Media last month. Consider a recent “Squid Game” scam in which investors allege a new SQUID cryptocurrency token and related immersive online game…

Read full article at time.com

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