Be very careful if you receive such a phone call! A lot of money can disappear from your account if you react badly – Terasz

The history of bitcoin has reached another milestone, as the halving took place in the past few days, and the amount of cryptocurrencies that can be extracted from the network for miners has decreased. In connection with this, frauds and abuses against Hungarian customers have increased spectacularly. At the same time, the bitcoin market is developing by leaps and bounds. Two countries have now made the digital currency their official currency.

Bitcoin Scams

The bitcoin halving happens once every four years, and the digital currency always comes into focus at this time, typically a large increase in the exchange rate is experienced during these periods.

– The price of bitcoin is besieging the peaks this year. And along with this, the frequency of various scam attempts also increases, when fraudsters try to extort money from their unsuspecting victims with all kinds of false stories. Unfortunately, Hungary is no exception to this; in the last few months, the number of crimes of this type has increased dramatically in our country. However, with some simple, easy-to-remember information, all of this can be effectively prevented – pointed out Imre Szilágyi, the main organizer of the B-DAY 7.0, Blockchain Budapest conference.

The most common form of scams is when fraudsters claim to have received a large prize or gift in bitcoins in a phone or email inquiry. However, in order to be able to access it, a small amount must be transferred to “unlock”. This in itself is a disqualifying factor, since bitcoin cannot be locked, so there is no need to unlock it.

– This is like someone trying to explain that we have to send the e-mail by post – Imre Szilágyi pointed out.

If someone wants to be aware of the world of cryptocurrencies – which is increasingly important, since it is no longer a subculture, but part of the culture of major investors – then it is worth getting informed on the subject. The largest domestic crypto-themed event of the year, the May 14th B-DAY 7.0, Blockchain Budapest conference, provides this opportunity.

– If someone does not want to be a victim of the next crypto-scam, but rather wants to get to know the world of this new, modern, digital money better, it is highly recommended that they take part in the largest domestic cryptocurrency exhibition – said Imre Szilágyi, who added: In addition to professional and market players, large banks, fund managers and state bodies, including experts from the Hungarian National Bank and financial market supervisory bodies, also participate in the conference.

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