Remember when Logan Paul dropped $600K on an NFT? It’s now worth $4,000. That’s a loss of more than 99%.

Further info: floor price is now 1 eth for 0N1, avg price has cratered to 2.7 eth. Even being charitable about what this NFT might be worth, it's a MASSIVE L. pic.twitter.com/BEKCuDBCPH

— Coffeezilla (@coffeebreak_YT) November 5, 2021

In 2017, crypto-related scams accounted for just 1% of investment fraud. Today, cryptocurrency is the second largest contributor to investment fraud & accounts for 20% of all dollars lost. Cryptos continue to prove that they are the fraudsters asset of choice. pic.twitter.com/TLNiKnq2hj

— Steve Hanke (@steve_hanke) November 5, 2021