Crypto Crime Wave: Rug Pulls Surge to $3.4 Billion in 2024
The rapidly evolving cryptocurrency ecosystem, for all of its potential to expand access to finance, has created new opportunities for scammers, specifically rug pulls. In 2024, investors were defrauded by an astounding $3.4 billion in rug pulls—up 22% over last year. This increase is evidence of the growing sophistication and...