Crypto Scams Topped $4bn in 2019

According to crypto analytics firm Chainalysis there was more than $4bn stolen from investors in 2019, which counts as the highest year on record; it was more than the $3bn in combined scams from 2017 and 2018; “There’s been huge growth in ones that mimic investing opportunities,” said Kim Grauer, Head of Research at Chainalysis, to the Wall Street Journal; “They are becoming more sophisticated, larger in size and they reach into the mainstream, victimizing naive investors,” she said; the crypto markets have gone through a lot of turmoil in the last few years but the space it still ripe for get rich schemes which can lure investors in; A lot of it is just traditional crime dressed up,” said Christopher Janczewski, a Special Agent at the Internal Revenue Service, to the Wall Street Journal. “They’re still always driven by fear, or confusion, of missing the next boom.” Wall Street Journal

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.