Fake celebrity-endorsed cryptocurrencies are widespread in the Netherlands according to the national anti-fraud hotline. The reporting agency told the Dutch broadcaster Nederlandse Omroep Stichtin (NOS) that many of these cryptocurrency investments promise profits but oftentimes participants don’t even see a cent in returns. Since 2018, the Fraud Help Desk has received some 1.7M Euros in damage reports. This number is likely understated, however, considering that only five fraudulent websites have been reported. Most of these scams fly under the radar and are seldom brought to the authorities. The damage done has ... (full story)