Global cryptocurrency scams resulted in a loss of $ 7.7 billion this year, an increase of 81%.

Blockchain data platform Chainalysis announced Thursday that the global cryptocurrency scam is worth $ 7.7 billion this year. Deception.

According to Chainalysis, "Fraud, the largest form of cryptocurrency breach, especially aimed at new users, is a major threat to the sustainability of cryptocurrencies."

Part of the increase in losses this year is due to the emergence of 'stack-pooling' scams, which have left many investors in the pattern of declining cryptocurrency.

Chainalysis says this has become a "favorite" scam in the decentralized finance (DeFi) ecosystem. This type of scam is a scam in the field, where the developer of a cryptocurrency project (usually a new token) abandons the project without warning and takes the thieves' money away from the company.

Sweepstakes scams have cost $ 2.8 billion down, accounting for 37% of all cryptocurrency scams this year, down from just 1% in 2020.

But this year's biggest “carpet draw” scam didn't start with DeFi business. Turkish cryptocurrency exchange leader Thodex disappeared shortly after the exchange ditched users, and users lost more than $ 2 billion in cryptocurrency.

The second biggest 'carpet pull' scam is AnubisDAO, which stole more than $ 58 million in cryptocurrency.