News Crypto Investors Scammed Out of $7.7 Billion in 2021

Dec 1, 2021
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Your opening sentence should be corrected to read:

"According to a new Minority Report report, cryptocurrency-related scams weighed in at $7.7 billion in 2022. This might have been the year cryptocurrency officially went mainstream ".

This comment posted 19/12/2020.
 

spongiemaster

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Dec 12, 2019
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Wish the graphs had a bar to represent the amount of crypto used by people to buy from known legitimate vendors for scale - how much of crypto gets hoovered by scams vs actually spent.
Outside of bitcoin, most coins are not accepted for direct purchases. Basement miners aren't buying products directly with cryptocurrencies, they're converting to fiat and then buying things. The small fee for converting outweighs being severely limited where you can currently spend your crypto.
 

ASK THE COMMUNITY