Fraudulent also includes tricking people into purchasing without understanding what they are buying or how much it would cost. In the case of crypto, there is

Fraudulent also includes tricking people into purchasing without understanding what they are buying or how much it would cost. In the case of crypto, there is no actual bank or payment provider through which to make a claim or facilitate a reimbursement. In the case of the EU, the law imposes guaranteed minimal protection for online purchases. For example, any online purchase is fully reversible (including network fees) within the first 14 days following the transaction. I don't think there are reasonable ways to meet this level of consumer service with crypto.