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With more than 400000 crypto scams created in 2020 increase of 75% predicted for 2021

More than 400,000 crypto scams created in 2020, there was a 40 percent increase compared to 2019. Global market capitalization for all cryptocurrencies reached a peak of $1.7 trillion in January 2021, which is an eight times increase from January 2020. The most prolific types of scams in 2020 were fake prizes, giveaways, or sweepstakes, followed by investment related scams, advance fee schemes and celebrity impersonations. The report analyzed more than 300 million websites to identify those related to cryptocurrency scams.

Source: https://www.helpnetsecurity.com/2021/03/26/crypto-scams-increase/

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