Scams in the crypto world are reaching new heights. — AFP Relaxnews
The 2020 boom in cryptocurrencies has brought a new surge in fraud in an environment that's still largely unregulated. An Elliptic report gives worrying figures, with an increase of more than 600% in cryptocurrency losses due to theft or scams between 2020 and 2021.
It’s the trend of the moment in the crypto world, with new cryptocurrencies coming out every day, all trying to make their mark and survive in a hyper-competitive and profitable universe.
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