Can We Please Stop the Ridiculous Hysteria About Cryptocurrency Fraud?

By CCN: Another week, another breathless report about cryptocurrency fraud. Is this even news anymore? On April 30, CipherTrace reported that it had identified $1.2 billion in cryptocurrency fraud in the first quarter of 2019, compared to $1.7 billion fraud over the entirety of 2018. If the pace continues, we’ll see almost $5 billion in cryptocurrency-related fraud this year. That’s bad, guys. Really bad. But before you wave the “crypto’s a scam” banner an