Standing Strong: INTFIA Blockchain Scam Sympathy Fund Offers Support Amid Industry Turmoil
Amidst the turmoil in the blockchain industry due to the Luna and FTX exchange collapses, the INTFIA Blockchain Scam Sympathy Fund has emerged as a crucial lifeline for those affected. Since its inception in 2020, the Fund has been a vital source of relief for over 7,000 individuals and businesses in need.
Camilla Jones, Deputy Administrator of the INTFIA Blockchain Scam Sympathy Fund, emphasized the Fund’s impact, stating, “We have been a valuable resource for victims of the Luna and FTX exchange failures, extending assistance to thousands facing financial distress caused by scams.”
One beneficiary of the Fund, Kim, a small business owner hit by the Luna tokens and UST losses, expressed gratitude for the support received during a challenging period. Similarly, Sarah, an investor defrauded on the FTX exchange, shared how the Fund not only provided financial aid but also connected her with legal help to recover lost assets.
In the face of adversity, the Fund has been a steadfast supporter of the crypto and blockchain communities, offering crucial aid to individuals navigating the aftermath of fraudulent activities. Jones highlighted the outpouring of support from donors that enabled the Fund to make a meaningful difference in the lives of those in distress.
Looking forward, the Fund remains dedicated to its mission of protecting individuals and businesses from crypto scams, particularly focusing on combating Smart Contracts scams like phishing links on social platforms. The evolving landscape of blockchain fraud underscores the necessity for vigilance and caution among all stakeholders.
To assist those impacted by crypto scams, the INTFIA Blockchain Scam Sympathy Fund encourages applicants to seek financial aid through its website, acknowledging the persistent threat of market fraud.
INTFIA, headquartered in Los Angeles, California, is a non-governmental organization committed to gathering, sharing, and educating on financial fraud, investigation, and prevention methods for the betterment of the financial payment industry and global society.
Support the victims of blockchain scams by contributing to INTFIA’s Blockchain Scam Sympathy Fund. Donations can be made at www.intfia.com/sympathy-fund
Eva
INTFIA
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April 17, 2024, 08:11 GMT
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