In 2017 Cryptocurrencies have heated up with unheard of gains with some currencies seemingly a thousand times its investment. As of the beginning of 2018 there is approximately 700 Billion Dollars in the various cryptocurrencies! (https://coinmarketcap.com/all/views/all/)
But with big bucks come big scams. Consumers beware, it is a known fact entities are able to tinker with and manipulate the markets. Further, there are companies that prey upon greed and there are derivative products such as “mining pools” and “mining contracts” that lack transparency, accountability and could in reality just be a ponzi scheme. Some of these Bitcoin mining or other cryptocurrency ideas can even be found on popular sites like Ebay.
Many of these may be actionable under the law. Some of these will be actionable under the SEC Whistleblower Cryptocurrency Guidelines. They include:
- Bitcoin Clubs
- Initial Coin Offerings (ICO’s) with false representations or improper solicitations
- Bitcoin Mining Contracts
- Other Block Chain Mining Contracts
If you have been scammed or know inside information about a cryptocurrency our cryptocurrency lawyers want to hear from you. We take most cases on contingency, meaning we’re only paid if we win your case. Call us at (877) 561-0000 or click here to speak with how we can assist in your case.
To give an idea of the different cryptocurrenices out there – here is the snapshot of the Bitcoin daily price as well as the other cryptocurrency daily price as of this morning for the top twenty coins: