Today news
About the same in other media
Revenue from crypto scams surges 81 percent in 2021, "rug pulls" make for most of it
Reading now: 873
moneycontrol.comThe money garnered from cryptocurrency-related scams and crimes worldwide touched almost $7.7 billion, reaching an all-time high in 2021, surging almost 81 percent over the last year, per the Chainalysis' 2022 Crypto Crime Report.
However, the lion's share of this $7.7 billion, almost 37 percent to stand at $2.8 billion belonged to "rug pulls" scams taking place in the Defi ecosystem.
Notably, this figure was just 1 percent in 2020, when the total illicit revenue collection was under $5 billion, highlighting the increased and urgent need to bring in regulations in this "shady" sector, as noted by US senator Elizabeth Warren recently.
Changing ways of scamming
Trends suggested that most cryptocurrencies sent from scam addresses, nearly 75
Read more on moneycontrol.comAbout this in other media
Florida has a new crypto-themed restaurant offering 'bitcoinana split,' 'crypto cuban' sandwiches, and 'dogedog' hotdogs that accepts all cryptocurrencies as payment markets.businessinsider.com /2 years ago
Beware of sophisticated scams and rug pulls, as thugs target crypto users cointelegraph.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
