Roughly $14 billion in fraudulent transactions occurred in the cryptocurrency world in 2021, up by 79% from a year earlier, according to data firm Chainalysis. Israeli software and cybersecurity concern Check Point Software Technologies, which is tracking the fraudulent activity, expects that number to grow this year.
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3 Popular Crypto Scams (and How to Avoid Them)
The cryptocurrency blockchain was supposed to be impervious to fraud, but somebody forgot to tell the scammers.