In.
Thana Prasongsin is a photographer.
Robert Browning is a criminal.
The scam hunter from southern Indiana explained how he went from being a scam to a scam hunter in an article published by the company.
Browning said he became a fraud victim when he bet $8,200 on a coin called Altex to go from $86 to $8,200, and he felt like he was being rejected.
The occurrence caused him to start a group of people called the RugSeekers, who were able to find scam coins through group chats on Telegram and then spread the word on social media.
Insider did not get a response from rugseekers. People can submit requests for the group to investigate a contract that they think may be suspicious on its website.
The group said on its site that they are committed to helping eliminate fraud and corruption from the space. The Rug Seeker team is dedicated to rid investors of that very thing and was born out of our own experience with loss.
"We Save Moon" was the name of one of Browning's attacks. According to a detailed recount of his Telegram conversations, he tried to ask the moderators questions about the coin, but was eventually removed from the group. He said that the 4,000 impressions he got on his warning was "nothing" in the grand scheme of things.
The group is working to fill a void in the world of criptocurrency, where regulatory bodies in the US have warned about a lack of coverage. Gary Gensler, the head of the US Securities and Exchange Commission, said in August that the world of cryptocurrencies is rife with fraud.
He said in a speech to Congress that there wasn't enough investor protection in cryptocurrencies. At this time, it's more like the Wild West.
Business Insider has an original article.
