WARNING: Bitcoin Latina

Suggested Duration: 5 to 20 minutes

Following on last week's warnings about potential scams, here are some warnings by Stan Larimer after the fact.

1. John Gotts Just Violated the Crypto Code of the Hills
2. Stan Larimer Explains the Bitcoin Latina Incident
3. BitCoin Latina Market Manipulation Caught in the Act

John Gotts used a feature that was enabled for the BCL token, which is a user-issued asset, to retract tokens held by other people. This is typically only used by a token issuer in the case of an account being stolen or, in some cases, with keys being lost. But this was not the case for these tokens.

Takeaway: If something bad can be done, it will be done by bad people.

"Well, when the President does it, that means it is not illegal." - Richard Nixon