What is a Crypto Exit Scam?

A crypto exit scam is a fraudulent scheme in which a crypto company or individual, typically the team behind a crypto project or initial coin offering (ICO), makes off with investors' funds. The scam artists behind the scheme typically promise investors large investment returns. Still, once they've raised a significant amount of money, they disappear, leaving investors with worthless tokens or coins and little recourse for recovery. One example of this is the case of the project called OneCoin. OneCoin…