The research includes all known crypto and digital currency-related investment scams that took place from Jan. 1, 2012, to Dec. 31, 2020. It was conducted using media articles, press releases, legal filings, and publicly available court documents.
Commenting on the findings, Lihan Lee, co-founder of Xangle, said, “For the crypto asset class to reach its full potential, we must ensure that investors are protected and that those who defraud investors are held accountable for their crimes. As a community, we must join together to drive scammers out of the industry by making complete transparency a core pillar that every crypto project is built on top of.”
- Investors have lost an estimated $16,546,541,956 since 2012 across 132 different…