Although the crypto industry has long been touted as the solution to some of the longest-running issues in the global economy, there’s one problem it has been unable to shake off so far: fraud. Scams have been in operation for centuries — from counterfeited versions of luxury products, to Ponzi schemes that have collapsed, leaving hard-working consumers out of pocket to the tune of billions of dollars. Unfortunately, the growth in awareness and demand for digital assets has seen sophisticated fraudsters turn their attention to duping those who may be…
The Effect on Consumers and Legitimate Businesses
