By CCN Markets: Cryptocurrency evangelist and educator Andreas Antonopoulos has warned that the bull run the bitcoin price has been enjoying has revived fraudulent activities in the crypto space.
Bitcoin price has tripled and scammers want to ride the wave
In a series of tweets, Antonopoulos indicated that the prolonged crypto winter had driven scammers away. But now with the bitcoin price having nearly tripled from its 2018 low, bad actors are back with a bang.
Antonopoulos likened the current wave of scams as reminiscent of the period between August and December 2017. This was when the bitcoin price from below $3,000 to a record high of nearly $20,000.
Bitcoin Price between August – December 2017 | Source: CoinMarketCap
Per Antonopoulos, the new wave of scams has been running for about a month now.