As more people get drawn into the profit potential of crypto, skeptics increasingly point out to the fraud and failure happening in the space. The various hacks, ransomware attempts on the Colonial Pipeline, and the high-profile failures of Terra/Luna, Three Arrows Capital, Celsius and most of all FTX/Alameda have done nothing to improve crypto’s tarnished image.

It doesn’t help that powerful opponents and influential voices consistently denounce crypto. The mainstream media sometimes piles up on it too. Count the number of times the words “crypto” and “scam” have been put together in an article. You’ll find a lot.

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