Investing in HYIP or Ponzi Schemes Through Cryptocurrency

[Nomad]

With the popularity of cryptocurrencies and their increasing adoption has also given rise to a surge in high yield investment scams and ponzi schemes. You can find these scam programs in many forums, from seemingly legit investment opportunities through IPO to cloudmining, and even staking programs. Since crypto transaction cannot be reversed, once you send funds, you have no way to recover investment if you are scammed.

 

[eLdavis]

I have come across many of them, but i always try to avoid them. Most people majority of the people who fall into this is usually due to greed.

 

[Suba]

Several years ago, various types of HYIP fraud based on Ponzi Schemes were very popular, not only on the internet but also targeting offline investors to deposit fiat money into fake investment platforms.

 

[Nomad]

Several years ago, various types of HYIP fraud based on Ponzi Schemes were very popular, not only on the internet but also targeting offline investors to deposit fiat money into fake investment platforms.

I used several of them when they were popular, however, by diversifying my investment I managed to make profits even when some HYIPs scammed me. I think they still exist.