We know it’s a problem, but what’s being done about it?
have been particularly lucrative for bad actors, who collected about $575 million and $185 million from either scheme, respectively.Additionally, the letters also call attention to issues related to fraudulent listings that scammers use to conduct “rug pulls,” or the act of hyping up a coin to increase its value, only to shut down the project and make off with the assets themselves.
Legislators have reasons to be concerned about fraudulent listings. Coinbase is currently under investigation by the Securities and Exchange Commission
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