Cryptocurrency has become increasingly popular in recent years, as people have begun to realize the potential of this new form of currency. However, as with any new technology, there are always those who seek to take advantage of the uninformed. According to the 2021 Crypto Crime report by blockchain analysis firm Chainalysis, scammers conned victims out of US$14 billion in cryptocurrency in 2021, an increase of 79 percent from US$7.8 billion in 2020.