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2021 recap: Biggest crypto scams of the year
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cnbctv18.com2021 was a year of highs and lows for the cryptocurrency market with substantial gains and huge losses. The cryptocurrency frenzy also led to the launch of new coins and tokens every other day, giving scamsters the opportunity to trap ignorant investors who spent little time researching these new cryptos due to fear of missing out (FOMO).A report by blockchain firm, Chainalysis, suggests scammers stole around $7.7 billion from investors through various scams and rug pulls this year.
The report said crypto scams rose by over 80 percent in 2021 as compared to 2020. While there were many run-of-the-mill scams where scammers used phishing and email scams, some cons caught the world's attention.
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