A Nigerian cryptocurrency wallet, Satowallet, has been suspected of pulling off over one million dollars ($1 million) in exit scam that has kept user deposits in a state of suspension. Today, cryptocurrency scammers use both old-fashioned and modern-day technique to trick people into falling prey to Ponzi schemes, cybercrimes or exit scams. Needless to say, investors must always remain leery of potential crimes looming over the cryptocurrency industry. Unfortunately, many cunning yet engaging plots often go unnoticed, and Satowallet’s alleged exit scam is one such example. Founded in 2017, Satowallet claimed to be a Dubai-based cryptocurrency wallet while its parent
