Crypto scammers took a record $14 billion in 2021

[Tom Foolery]

https://www.cnbc.com/2022/01/06/crypto-scammers-took-a-record-14-billion-in-2021-chainalysis.html

Key Points

• Scammers around the world took home a record $14 billion in cryptocurrency in 2021, thanks in large part to the rise of DeFi.
• Losses from crypto-related crime rose 79% from 2020.
• Cryptocurrency theft increased 516% from 2020, to $3.2 billion worth of cryptocurrency. Of this total, 72% of stolen funds were taken from DeFi protocols.

 

[Tom Foolery]

 

[Family Lives Matter]

Streets got to eat

 

[Standing on business]

“Of this total, 72% of stolen funds were taken from DeFi protocols.”

 

[Youhadasparkwhenustarted]

You need a high amount of savvy to navigate defi leads me to believe it may never take off. You're average user isn't knowledgeable; they need insurance, they need simplicity and need protection.

 

[EndDomination]

 

[buzzkill]

SOL nfts did me dirty

im not fukking with that shyt anymore just reg. good crypto projects

 

[Standing on business]

SOL nfts did me dirty

im not fukking with that shyt anymore just reg. good crypto projects

What happened

 

[Vandelay]

Elon told y'all.

 

[buzzkill]

What happened

i lost almost 2k on them shyts

they start off hyped then when the hype dies its over... they never go back up

too many projects to know which ones are good. Its too many rug pulls and scams.

Hell even the good projects you got too many people trying to flip quick and if they dont moon people start selling them cheap trying to get some of their money back and fukking up the value

be very careful with nfts. I only have 1 that is supposed to be for a MMO game that comes out this year it may be worth something later

 

[Standing on business]

i lost almost 2k on them shyts

they start off hyped then when the hype dies its over... they never go back up

too many projects to know which ones are good. Its too many rug pulls and scams.

Hell even the good projects you got too many people trying to flip quick and if they dont moon people start selling them cheap trying to get some of their money back and fukking up the value

be very careful with nfts. I only have 1 that is supposed to be for a MMO game that comes out this year it may be worth something later

This ain’t really being scammed though, more like trying to perfectly time the hype

 

[Youhadasparkwhenustarted]

i lost almost 2k on them shyts

they start off hyped then when the hype dies its over... they never go back up

too many projects to know which ones are good. Its too many rug pulls and scams.

Hell even the good projects you got too many people trying to flip quick and if they dont moon people start selling them cheap trying to get some of their money back and fukking up the value

be very careful with nfts. I only have 1 that is supposed to be for a MMO game that comes out this year it may be worth something later

NFT's are fukking nasty right now. Most are fomo induced derivative bullshyt that have no artistic merit nor a team with any conviction behind them. Things like Top Shots are cool and fill a niche, but then you have the millionth Bored Apes Club spinoff that does nothing other to serve as a game of hot potato; last one holding the nft loses. NFT's are more like memecoins right now, which sucks because NFT's are revolutionary in concept ( I can see it revolutionizing the music industry by cutting out most of the middlemen) but it's like the worst part possible of NFT's is being portrayed to the market, and the ones who aren't into crypto are being turned off by it.

 

[buzzkill]

This ain’t really being scammed though, more like trying to perfectly time the hype

Nah a few of the projects I got rug pulled for sure. The devs in the discord just vanish and you got a bunch of people like "wen secondary"

Actually I'd say 98% of nfts are just money grab scams. They have no plans for the actual project.

 

[Charly Wingate]

 

[Piff Perkins]

Look at all that freedom.

I’ll stick with the protection and stability of the FDIC and centralized banking.