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Crypto scams are alive and well; CipherTrace reveals $1.4 billion in crypto stolen in 2020
Cryptocurrency scams were a hot topic in 2018, courtesy money-grabbing ICOs, Twitter impersonations, and ever outright disappearances. But a prominent research firm believes scammer efforts have not toned down, even as the broader crypto market is less popular than two years ago. 2020 might set another record CipherTrace, a Californian firm famous for its intelligence on the cryptocurrency and blockchain market, said Tuesday that crypto scams are well and alive. The firm noted 75 percent of all Bitcoin payments were cross-border, which in turn, creates “urgency” for compliance solutions for digital assets. As ... (full story)