Glow Token Founder Falls Victim To Scam and Sues Crypto.com
Are you surprised to see some scams? You think what you are doing, that is legit. You discover later that's a scam. Glow Token founder Bryan Lawrence lost over $250,000 and one Bitcoin falling for a scam Now he is selling his home to continue the legal battle.
Bryan Lawrence wanted to list Glow Token FLARE to the crypto exchange crypto.com. He was in touch with individuals who claimed to be crypto.com employees. They communicated about listing the token and agreed to pay for it. He sent more than $250,000 and one Bitcoin to the address that is believed to belong to crypto.com.
He hoped that Glow Token FLARE would be listed on the exchange. He was informed later by crypto.com that he was talking to imposters and became a victim of scams. He did due diligence and verified every step he was taking including reviewing emails that he received and confirming contact information.
If there was any doubt that he was communicating with imposters, not crypto.com official employees, he would not transfer any crypto. He thinks it is crypto.com's negligence and a lack of security measures. It was crypto.com employees or any external third party that compromised the exchange's internal communication.
Glow Token founder filed a lawsuit against Forix Dax, the parent company of Crypto.com. He is forced to sell his home for a legal battle. A home is a special place you are emotionally attached to. It hurts the founder financially, mentally, and physically.
Bryan is going through a lot of stress that causes health issues. He has been suffering from stomach issues. He was in the hospital and consulting with specialists to recover from his health issues. Financial stress can put too much pressure. And I wish nobody would face this.
It may be difficult to believe that Bryan Lawrence communicated with imposters. He called crypto.com to verify the chat log. The crypto exchange not only revoked his access but also sent a cease and desist letter. Bad actors somehow managed to impersonate and scam the victim successfully.
Sometimes a costly mistake is enough to ruin everything that you build so far. Criminal actors are more advanced to launch phishing attacks and scams. Secure your crypto the best possible way you can. I think the allocation of your capital and diversification is very important.
You can lose your crypto. But when you don't put your all eggs in one basket, you at least do not lose everything. In case, something happens, you can recover your loss and it will not put too much pressure on you that hurt you pretty bad financially and psychologically.
