“While some of the big rug pulls and scams make the news, like the famous Squid Games Token that’s estimated to have cost users around $3 million in lost funds, the full picture stemming from our data shows the vast majority of these scams go unnoticed,” Solidus’ Vice President of Regulatory Affairs Kathy Kraninger said in a statement. Before joining Solidus, Kraninger ran the U.S. Consumer Financial Protection Bureau.
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