Crypto Scams Netted $2B in 2023, Roughly Half Last Year’s Figure: De.Fi

Tyler Spalding, CEO / Co-Founder, Flexa, 2Chainz and Zack Seward, Deputy Editor-in-Chief, CoinDesk

The reduction, largely attributed to the implementation of improved security protocols, increased awareness within the community and the overall decreased activity in the market, is even greater when the $40 billion lost to the collapses of stablecoin issuer Terraform Labs, crypto lender Celsius and the FTX exchange are taken into account.

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