The increasing frauds, crimes in cryptocurrencies since 2018 has given a setback to the authorities and has asked the traders to keep a check on the individual companies one is dealing with. As per the police report, there were almost 393 fraud cases reported last year which is increasing day by day.

https://www.thecoinrepublic.com/2021/05/28/fraudulent-and-crime-cases-rise-in-cryptocurrency/