More and more investors have invested in cryptocurrency in 2021, but so have fraudsters who have discovered the crypto industry for themselves.
The number of crypto scams and thefts has increased significantly and the damage amounted to more than $7.7 billion this year alone
Cryptocurrencies have gained significant traction among investors. Investment in the crypto market has increased globally, and this trend is expected to continue for the foreseeable future. Crypto market volume size is expected to grow from $1.6 billion now to $2.2 billion by 2026, at an average annual growth rate of 7.1 percent. These figures come from an April 2021 report by Markets and Markets Research.
In many countries, even banks have started buying cryptocurrencies, the report said. Banks in the U.S. are now creating their own blockchain-based systems, including digital currencies, to enable B2B cryptocurrency payments between their customers.
However, the growing interest in cryptocurrencies has also led
