Crypto scams represent a crisis, and if we move out of a bear market and into a bull market, the scams will come roaring back. 

Even though the Chainalysis 2023 Crypto Crime Report showed that revenue from crypto scams in 2022 dropped from 2021, this by no means signifies that we’ve turned a corner and that current efforts to make scamming unprofitable are working. 

To put that report in context, you have to consider that the price of bitcoin dropped from a high of almost $69,000 in 2021 to a low of less than $16,000 in 2022. The number of scams could have quadrupled in 2022, and the value of those scams would remain less than in 2021. Additionally, many people burned by scams in…

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