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HYIP stands for High-Yield Investment Program, is a form of ponzi scheme which is also a form of investment fraud. HYIP sites promise large profits to their members by paying previous investors using new investors’ money. Usually HYIP sites are run by unnamed companies making it difficult to track. Now there are many HYIP sites that also use Bitcoin or digital assets as a means of payment so users need to be careful in investing in these companies.
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