Exploring Crypto Fraud: TRM Labs Sheds Light on Major Scams of 2022

In a recent study published by leading blockchain analytics firm TRM Labs, the ongoing issue of fraud within the cryptocurrency industry is brought to light. In the report released in the latter days of last month, TRM Labs points to a staggering balance of $7.8 billion. According to the platform’s data, that is the exact amount lost to scammers in the crypto industry during 2022. Researchers highlight that the top 10 cryptocurrency Ponzi schemes account for 54% of the total fraud amount. The company also identified the top three scam methods causing the most harm to crypto investors. Pig Butchering The method known as Pig Butchering involves psychological manipulation and is blended with social engineering techniques. Here, a long-term relationship is established with the person being defrauded, targeting their long-term investments with the aim of conducting long-term fraud. It is also mentioned that a large portion of these scams involve […] The post Exploring Crypto Fraud: TRM Labs Sheds Light on Major Scams of 2022 appeared first on COINTURK NEWS.