The web3 industry has been subject to scrutiny due to the growing number of scams and amount of money that has been stolen. In 2020, $7.8 billion was lost through scams; this number has skyrocketed to nearly $14 billion in 2021. But, why are these scams happening? This article explores this question, and introduces you to the types of scams in the crypto industry. We also look at how specific crypto scams happened (Bored Bunnies NFTs for instance), and hopefully we can avoid these problems in the future.
A Brief Rundown of Crypto Scams
A Brief Rundown of Crypto Scams
A Brief Rundown of Crypto Scams
The web3 industry has been subject to scrutiny due to the growing number of scams and amount of money that has been stolen. In 2020, $7.8 billion was lost through scams; this number has skyrocketed to nearly $14 billion in 2021. But, why are these scams happening? This article explores this question, and introduces you to the types of scams in the crypto industry. We also look at how specific crypto scams happened (Bored Bunnies NFTs for instance), and hopefully we can avoid these problems in the future.