GKB: Fraud Part I: Fraud in Digital Assets
Fraud in the Cryptosphere
The world fixated on the sheer spectacle of the FTX scandal in early 2023, but the event also raised greater questions regarding digital assets. With parallels the Tornado Cash and Bitzlato debacles, FTX’s collapse and the subsequent impact on the industry it represented has led many to question the long-term viability of crypto assets. Part I of this three-part series on fraud examines common fraud schemes seen in the early stages of a crypto-asset world.