Toàn quốc: Report The Scam To Your Crypto Exchange

By providing your exchange with important details about the scam, they may be able to identify the scammers and prevent them from perpetrating future scams. In rare cases, they may be able to freeze the perpetrator’s account and potentially return the stolen crypto. Include as many details about the scammers as you have, such as how and when the scam took place and any transaction identification (TXID) codes. The TXID hash provides critical information about the time, receiving address, amounts, and more.

 

Crypto explained: Whether it is making major financial market news, all over social media thanks to an Elon Musk tweet, or consistently talked about around the office, it’s pretty much impossible to go a day without cryptocurrency popping up somewhere. So what is cryptocurrency? Cryptocurrency is a digital or virtual asset that acts as a form of decentralised currency. Originally aimed as a way to make cross-border transactions that were cheaper, faster, and more secure than traditional means, cryptocurrencies have grown into a financial revolution of sorts.

Secured through advanced cryptography on a distributed network of an immensely massive number of computers, cryptocurrency is realistically impossible to hack or counterfeit and is free from government control. These networks that leverage blockchain technology provide an irrefutable ledger of every transaction and they cannot be altered or removed in any way. Most commonly, cryptocurrencies are traded by buying and selling the asset.