Cryptocurrency scams cost owners $7.7B in 2021, driven by DeFi-based “rug pulls”
blog.chainalysis.com
Cryptocurrency scams cost owners $7.7B in 2021, driven by DeFi-based “rug pulls”
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Re: Cryptocurrency scams cost owners $7.7B in 2021, driven by DeFi-based “rug pulls”
#2The price of 2 attack subs in 2012
Re: Cryptocurrency scams cost owners $7.7B in 2021, driven by DeFi-based “rug pulls”
#3I often wonder to what extent scams like this have positive externalities, insofar as the people who get scammed were perhaps unlikely to allocate capital in socially efficient ways.
Re: Cryptocurrency scams cost owners $7.7B in 2021, driven by DeFi-based “rug pulls”
#4Well, Melania just launched an NFT. gotta be legit. It even saves the kids, it says so.
Happy times /s
Re: Cryptocurrency scams cost owners $7.7B in 2021, driven by DeFi-based “rug pulls”
#5I often wonder to what extent scams like this have positive externalities, insofar as the people who get scammed were perhaps unlikely to allocate capital in socially efficient ways.
Eugenics-like slippery slope, there.
Re: Cryptocurrency scams cost owners $7.7B in 2021, driven by DeFi-based “rug pulls”
#6I hadn't heard the term rug pulls before. They used to be called exit scams. A rug pull sounds less scammy I suppose.
Re: Cryptocurrency scams cost owners $7.7B in 2021, driven by DeFi-based “rug pulls”
#7Well, Melania just launched an NFT. gotta be legit. It even saves the kids, it says so. Happy times /s
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What can possibly go wrong?
Re: Cryptocurrency scams cost owners $7.7B in 2021, driven by DeFi-based “rug pulls”
#8In related news, Tether has minted $3B USDT in the last month: https://beincrypto.com/tether-mints-three-billion-usdt-past-...
Re: Cryptocurrency scams cost owners $7.7B in 2021, driven by DeFi-based “rug pulls”
#9I often wonder to what extent scams like this have positive externalities, insofar as the people who get scammed were perhaps unlikely to allocate capital in socially efficient ways.
Are the scammers now in possession of $7.7B likely to "allocate capital in socially efficient ways"?
Re: Cryptocurrency scams cost owners $7.7B in 2021, driven by DeFi-based “rug pulls”
#10I often wonder to what extent scams like this have positive externalities, insofar as the people who get scammed were perhaps unlikely to allocate capital in socially efficient ways.
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