Experts issue warning about misleading claims being made by crypto companies: ‘Shady’
Crypto enthusiasts are being reminded that not everything that glitters in the digital world is gold … or bitcoin.
Across social media, so-called “crypto faucets” are luring users with promises of free coins for performing simple online tasks. But experts say that while the offer sounds risk-free, the hidden costs can outweigh the rewards.
What’s happening?
According to the New York Post, crypto faucets, first launched in 2010 by bitcoin pioneer Gavin Andresen, were once designed to help newcomers learn how digital wallets and blockchain transactions work. Participants could earn small fractions of cryptocurrency by completing tasks like solving captchas or watching ads.
Today, those payouts have dwindled to…
