Yes, and: it's not completely exclusive to crypto. The UK FCA had to ban "binary options", a financial instrument using traditional money, due to the high volum

Yes, and: it's not completely exclusive to crypto. The UK FCA had to ban "binary options", a financial instrument using traditional money, due to the high volume of scams. https://www.fca.org.uk/consumers/binary-options-scams https://www.fca.org.uk/consumers/binary-options-scams