How Crypto Scams are Exposing Global Fraud Loopholes
Antara Bhattacharyya
Crypto scams are on the rise globally, capitalizing on regulatory gaps and targeting unsuspecting investors through fake platforms and fraudulent promises.
Lack of strict regulations across borders allows scammers to operate freely, highlighting the urgent need for global crypto policy reforms.
Scammers exploit fear of missing out, luring investors with fake tokens, pump-and-dump schemes, and unrealistic profit guarantees.
Cross-border scams expose weak monitoring systems, enabling organized fraud networks to launder money through decentralized crypto transactions.
Experts stress stronger KYC, better investor awareness, and international cooperation to curb crypto scams and protect global financial systems.