The world of cryptocurrencies continues to amaze with unusual stories. This time the hero of the plot is a 12-year-old schoolboy who was able to create his own cryptocurrency and deceive gullible investors, while making decent money. The man started by creating a token called QUANT, which was initially unpopular. However, thanks to the activity of the young “businessman”, the project attracted attention and he eventually earned $ 2,000 (about 201,000 rubles). However, then the price of QUANT skyrocketed, but the young genius himself had already gotten rid of all his assets and did not benefit from this growth.
Not discouraged, the student created two new tokens: LUCY and SORRY, again selling assets at the peak and earning another $24,000 (about 2,416,000 rubles). However, this time the misguided investors decided to see the matter through to the end and find the creator. After investigation, it turned out that an ordinary 12-year-old schoolboy was behind the plan. Investors contacted his parents by contacting them through social networks. Now the young entrepreneur’s life has become more complicated: platform developers have put him on blacklists and the police may be interested in his activities.
Such stories of fraud could become a serious obstacle to the further development of cryptocurrencies. The question remains how law enforcement agencies will respond to legal violations and tax evasion. However, the case became a striking example of how even a child can use cryptocurrencies to achieve questionable goals. It is worth noting that only a 12-year-old businessman could earn about $55,000 (about 5,537,000 rubles) in this way.
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Source: VG Times