Skip to main content

Crypto scammers stole $14 billion in 2021

The year 2021 is a remarkable year for cryptocurrency. New individual and institutional investors have shown much interest in digital currency. The number showed investors' interest in cryptocurrency.  The total market cap of cryptocurrency is around $30 billion in 2021 which was more than the total of all the investments made in the previous years in the traditional technology. This made an onus on the nation’s central banks to make a conclusive decision on crypto. Some nations dared to take a positive decision towards cryptocurrency and others are still in dilemma. El Salvador is the first nation that declares Bitcoin as its official currency effective from September 07th.  European Central Bank, China, and Reserve Bank of India plan to introduce digital currency without losing government control on the network.


The growing worldwide interest in new technology also increased the number of threats in the form of crypto scams. For scammers and hackers, cryptos appear to be quick money and speedy earned buck. 2021 is a profitable year for crypto scammers. Victims are obviously who don’t have knowledge of crypto technology and crypto functioning. Scammers stole $14 billion by exposing cryptocurrency technology in 2021. People have led to losses in 2020 for $7.8 billion. Crypto-related crime losses were increased by 80% in 2021 when compared to 2020. Europe continent is one of the hotbeds for crypto frauds in the world. Scammers and hackers in Eastern Europe have earned $950 million through crypto scams.


Indians are falling into scammers' trap as well in 2021. 900 Indians have lost 1200 crore rupees which is equivalent to more than $160 million because of the fraud. Most of them were created by buying fake cryptocurrencies in 2021. Hackers were cheated by creating fake cryptocurrency websites and cryptocurrencies to target new investors. The squid game token, which was a cryptocurrency named after getting inspiration from the South Korean popular TV show ‘Squid Game’. Through the Squid game coin’s tenure (approximately 11 days), the investors saw a peak of $2,861 and an appreciation of 310,000 percent. 
Labels:

Comments

Post a Comment

Popular posts from this blog

Photo : Savitri during her last days

Even after 4 decades of her death, people are very much interested to watched her (Savitri) biopic. Mahanati turned to be stupendous success. On eve of remembering Savitri, here we posted Savitri photo. The photo seems her last days. The man stand behind Savitri is Gemini Ganeshan who married Savitri. It seems that she suffered bad days during her last days.
Post a Comment
Read more

Jagan angry on Avanthi Srinivas on Bhimili meeting!

Avanthi Srinivas was joined in YSRCP in January this year. Avanthi joined in YSRCP seeking to contest as Bhimili Assembly segment in 2019 General Elections.
Post a Comment
Read more

Pawan Kalyan Dual stand on Mirchi issue in Telugu States!

Power Star Pawan Kalyan said again and again that he always raised the problems that existed in Two Telugu States. People from Telugu states too approached Pawan on their issues. Jana Sena President Pawan Kalyan issued a press note on Mirchi issues. It seems that Pawan questioning AP Government but silent on Telangana on Mirchi issues. Pawan Kalyan demand AP Government 11000/- as support price for Mirchi farmers. Pawan Kalyan linked Chandra Babu USA tour to Mirchi issues. Pawan compared that going other countries for investments is not much important than settling Mirchi issues. This indicates that Jana Sena President indirectly targeted CBN US tour. AP is offering highest price for Mirchi along with support price. On one side farmers from other states like Telangana, Maharashtra, Tamilnadu and Karnataka rushed to AP Market yards for selling their product. Mirchi issue started in Khammam where farmers agitated for not getting support price. Knowing this, Pawan Kalyan questioned C...
Post a Comment
Read more