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With $7.7bn Lost, Cryptoscams Hit A New All-Time High in 2021

As cryptocurrency scams become more sophisticated, especially with the emergence of so-called “rug pulls”, recently released data shows that cryptoscams reached an all-time high in 2021. Illegal operations made off with more than $7.7 billion of investors’ wealth, which is 81% more than in 2020.


Eetika Kapoor

Eetika Kapoor is an India-based multimedia journalist for Asia Financial. Currently covering fintech and new economy, her articles were previously featured in The Hindu, Economic Times, Times of India, India News. You can tweet to her at @EetikaKapoor or mail her at [email protected]

Nitin Bhagat

Nitin Bhagat is an experienced visualizer working as Senior Graphic Designer with Asia Financial News Group. Before joining Asia Financial, Nitin worked for The Times of India with top corporate clients on high-profile custom projects.

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