Investment fraud that uses cryptocurrency as the supposed asset, payment rail, or withdrawal mechanism. Criminals may display fabricated profits on a controlled platform and demand additional fees before blocking access to the funds.
Category: fraud prevention. Part of the Identity Technologist Glossary — more than 200 practitioner-grade definitions covering identity verification, KYC/AML, biometrics, fraud prevention, and compliance. See all terms at https://identitytechnologist.com/glossary.