Report: The United States is the Main Source of Cryptocurrency Scams and Failed Projects
On November 29, 5Money and Storible conducted a study on 1,544 global cryptocurrency projects from January 2022 to October 2024. The data shows that the United States accounted for as much as 43% of crypto scams, while China and the UK each accounted for 8% and 7%, respectively. In terms of the number of failed projects, the United States also topped the list with a share of 33%. The number of failed projects in China (7.63%), UK (7.22%), South Korea, and Singapore all exceeded 6%, ranking high in the survey results.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
StraitX to launch Singapore Dollar and US Dollar stablecoins on Solana in early 2026
Two Paradigm executives have announced their resignation in the past two days.