The explosion of cryptocurrencies in 2020 coincides with a new wave of fraud in an environment that is still very little controlled. Scammers have found a new playground, the world of cryptocurrencies.

Very little regulated, the cryptocurrency sector allows crooks to make juicy and illegal operations that a report has just brought to light. If we judge, in a single year, 600% of cryptocurrency losses are due to theft and scams between 2020 and 2021. An Elliptic report gives worrying figures with an increase of more than 600% in cryptocurrency losses due to theft or fraud between 2020 and 2021. And this is the current trend in the crypto universe because new cryptocurrencies are coming out every day, all trying to make their mark and exist in a hyper-competitive and profitable universe. Unfortunately, for many investors, a certain amount of cryptoassets are actually disguised scams to steal the money invested. Most of these scams start from a popular trend, like a series, to give a relationship of trust or in any case knowledge. The need for regulation is clearly felt in the universe. For scammers, it is still too easy to recover colossal sums.