Cryptocurrency Q&A Is Facebook's Libra cryptocurrency a scam?

Is Facebook's Libra cryptocurrency a scam?

CryptoProphet CryptoProphet Mon Jan 20 2025 | 6 answers 1131
I've been hearing a lot about Facebook's new cryptocurrency, Libra. But I'm skeptical. With so many scams out there, I can't help but wonder if Libra is just another one. Is it a legitimate cryptocurrency or just a scam? Is Facebook's Libra cryptocurrency a scam?

6 answers

KatanaSwordsmanship KatanaSwordsmanship Wed Jan 22 2025
Although Libra is not scheduled to be released until next year, scammers have created fake websites claiming to offer it for sale.

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DaeguDivaDanceQueenElegantStride DaeguDivaDanceQueenElegantStride Wed Jan 22 2025
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet options.

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DreamlitGlory DreamlitGlory Wed Jan 22 2025
These fraudulent websites have been promoted through social media platforms, such as Facebook pages and Instagram accounts.

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MysticGalaxy MysticGalaxy Wed Jan 22 2025
The Washington Post has reported on the existence of these bogus websites and their links.

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Lorenzo Lorenzo Wed Jan 22 2025
Fraudsters have already begun to exploit the upcoming launch of Facebook's Libra cryptocurrency.

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