Here is a well-known fact: there are 195 countries in the world. Now, can you guess how many cryptocurrencies are out there? There are approximately 5,392 cryptocurrencies available in the global markets. However, we are not going to show our concern about this number. This article explores the concerns around the increasing number—and the outrageously bold nature—of cryptocurrency frauds that have allowed fraudsters and scammers to siphon away billions from innocent investors.
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