The fact that cryptocurrencies began to become mainstream in 2021 whetted the appetite of fraudsters.
The fact that cryptocurrencies and their related platforms were not placed in a certain legal framework was one of the important factors that whetted the appetite of fraudsters.
Turkey took the first place in cases of fraud, which we often see that the perpetrator gets away with it.
Chainanlysis has published an article examining the biggest Rug Pulls that occurred in the cryptocurrency world in 2021.
According to data from Chainanlysis, scammers made a total of $7.7 billion in scam in 2021.
When we look at the change of fraud cases in crypto money markets by years, it was observed that rug pull cases increased in 2021, although financial fraud cases were also high in previous years.
It was noteworthy that a familiar name appeared on Chainanlysis’s 15 largest Rug Pull charts by amount of stolen funds.
In the report, it was stated that the emphasis made by the managers of the domestic cryptocurrency exchange Thodex was the biggest fraud event that occurred worldwide in 2021.
Rug Pull cases such as AnubidDAO, Uranium Finance, Defi100 were among the biggest fraud cases after Thodex.
The CEO of Thodex exchange stole users’ funds and fled abroad and could not be caught. After the Thodex case, Turkey’s agenda turned to cryptocurrencies and studies for new regulations were accelerated.