Online crypto scams: Vigilantes help root out online frauds
cnbctv18.comCryptocurrencies are all the rage now and everyone wants to jump on the bandwagon. On the flip side, cryptos have caught the fancy of not just investors, but also scammers.
While regulators are trying hard to crack down on frauds and scams, the nature of cryptocurrencies and the pace at which these scams occur makes it difficult to root them out. But some crypto enthusiasts have now decided to help track down and expose such scams in the crypto space. According to research from CipherTrace, a crypto intelligence firm, there were hacks, frauds, and scams worth $681 million in the crypto world in the first half of 2021.Tim Robinson, chief scientist at crypto-compliance company Elliptic, told CNBC, "The DeFi ecosystem is an incredibly exciting
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