Moser shared his experience with cryptocurrency as a warning for others.

Moser says he woke up to his Coinbase account wiped out, $2,000 gone overnight.

“It said zero, and I said, ‘Well, that can’t be right,’ ” Moser said.

So where did his money go? Moser said he didn’t have a clue.

“Eighteen emails later, 45 days later, no response. No meaningful non-automated response,” Moser said. “It’s hard to not feel like it’s theft! It’s hard not to feel like you gave $2,000 to somebody.”

And Moser isn’t alone. He shared a Reddit thread showing others who encountered the same problem.

University of Central Florida College of Business finance professor Dr. Buvameshwaram Venugopal said regulation of cryptocurrency is “very low to nonexistent.”

“The entire onus is on the consumer at this point in time,” Venugopal said.

Lack of government regulation is exactly what cryptocurrency founders wanted, Venugopal said. No centralized bank. No government oversight and no insurance for people whose money disappears.

“As of 2018, nearly 80% of the market are scams — $1.8 billion,” he said. “This is a lot of money that people are getting scammed out of. It’s very tough to identify.”

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