The New CS Board

[jumanji0881]

Here's one of the big problems with cryptos -
Crypto scams: $7.7 billion stolen in 2021 – report : https://www.kitco.com/news/2021-12-21/Crypto-scams-7-7-billion-stolen-in-2021-report.html

My Comment : I've noted this as a problem with cryptos here before. Other problems are loss of access if you forget your key, volatility, stolen by hacking, and lack of government acceptance. $7.7B stolen just from scams.

Excerpts:
Tuesday December 21, 2021 17:18
Kitco NewsShare this article:

(Kitco News) Volatility and trust issues bedevil the crypto space, which saw more than $7.7 billion stolen worldwide in scams, according to a report published by blockchain analytics firm Chainalysis.

"Scams were once again the largest form of cryptocurrency-based crime by transaction volume, with over $7.7 billion worth of cryptocurrency taken from victims worldwide," Chainalysis said in the report.

This was 81% higher than last year's total. However, the figure was still below 2019's number of around $9 billion.

Scams are one of the biggest barriers to crypto adoption, which is why all players need to contribute, Chainalysis concluded. "Fighting [crypto scams] can't be left only to law enforcement and regulators.