#get-rich-quick-schemes

#get-rich-quick-schemes

TikTok users are engaging in a fraud scheme promoted as a 'free money' hack, risking severe legal consequences.

FTX CEO sentenced to 25 years in prison for wire fraud and money-laundering.

FTX exchange used customer deposits for illegitimate purposes, leading to billions in losses.

The era of get-rich-quick schemes in crypto may be ending, transitioning to a more sober phase focused on useful applications.

Younger adults more susceptible to online scams than older generations due to tailored schemes and trust in social media.

Financial scams exploit a generation facing economic challenges, such as inflation and high housing costs.