Cryptocurrencies and HYIP
HYIPs have been around for decades - and with the rise of the internet their number began to slowly grow too. But recently the growth has been exponential with widespread adoption of cryptocurrencies. Why is that?
Simply put: Running an HYIP is considered a crime in many countries And how can you catch a suspect the easiest: Follow the money
If you'd run an HYIP with a traditional bank account, you have to expose your identity. Banks require them, Paypal requires them and so on. There is no way to "successfully" run an HYIP and not be caught an some point. But with cryptos, everything changes. Convert BTC to Monero (or any other privacy coin) and its trail just vanishes ...
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