Cryptocurrency scams have seen exponential growth in recent years – a by-product of the boom in the cryptocurrency space.
Reports suggest that decentralized finance (DeFi) users and investors have suffered losses of $10.5 billion as of November 2021 due to theft and fraud. This meant that losses due to security breaches went up sevenfold from $1.5 billion in 2020 to $10.5 billion at the end of 2021.
In our podcast series we will deep-dive into the what and how of crypto scams. Listen to the podcast for more.