25% of New Crypto Tokens in 2022 Were Fake Scams: Chainalysis
• Chainalysis, a blockchain analysis firm, released a report that showed 25 percent of digital tokens introduced in 2022 were scams. • The scams involved pump-and-dump schemes where developers talked up the token and encouraged investors to buy it before running off with the funds. • The ease of launching new tokens means these types of scams can happen easily, hurting the reputation of cryptocurrency […]