Scams and Cryptocurrency Go Hand in Hand
Scams and Cryptocurrency go Hand in Hand
Authors:
• Yaniv Hanoch, Associate Professor in Risk Management, University of Southampton; and
• Stacey Wood, Professor of Psychology, Scripps College
Scams And Cryptocurrency Can Go Hand In Hand – Here’s How They Work And What To Watch Out For
When one of our students told us they were going to drop out of college in August 2021, it wasn’t the first time we’d heard of someone ending their studies prematurely. What was new, though, was the reason. The student had become a victim of a cryptocurrency scam and had lost all their money – including a bank loan – leaving them not just broke, but in debt. The experience was financially and psychologically traumatic, to say the least.
