DeFi Scam Hits $3.18 Billion in 2022 What's the Status through 2024?

What are DeFi Scams? DeFi scams refer to Malicious Activities within the Decentralized finance sector aimed at Deceiving Users out of their assets.

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Watch out for DeFi scams! DeFi scams can be as simple as Rug Pulls or as tricky as Phishing Attacks. knowing about them helps protect your money.

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DeFi Scam Trends FY 2022-2024

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From 2022 to August 2024, DeFi scams have continued to pose significant challenges. In 2022, there were 155 incidents totaling $3,180,023,103 losses. By 2023, the incidents rose to 306, with losses amounting to $1,394,142,600.

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