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Crypto: The World�s Greatest Scam.About $ million was lost to fraud across 34 incidents in the same time frame. Both decentralized finance (DeFi) and centralized finance. Crypto scams remain the largest form of crypto-based crime but total cryptocurrency scam revenue fell significantly in , a 46% drop. The fraudster will then contact the victim to invest more money or introduce friends and family with the false promise of greater profits.