JuicyFields froze thousands investors from its platform and scrubbed its social media presence this month. Investors hoping for a quick return on their money in the cryptocurrency space have been feeling the pain as that market faces some severe turbulence.
Large exchanges like Celsius Network have filed for bankruptcy while others like Voyager and Zipmex have frozen withdrawals, maybe permanently.
But cryptocurrency wasn’t the only investment vehicle that saw increased interest during the pandemic.
Interest in cannabis jumped over the past two years, and not just in the plant itself. The industry became an investment vehicle for people who had funds to invest thanks to stimulus checks.
However, just like with the crypto industry, there are plenty of bad actors ready to take advantage of the sudden influx of cash.
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