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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 and John McAfee starts looking for ways to get out of eating his d*ck, let’s put things in perspective.

Crypto Fraud Looks Like a Big Deal—But It’s Really Not

Bitcoin-related scams are only a problem when you take them out of context. | Source: Shutterstock

First, $5 billion isn’t that much in the grand scheme of things.

Read the full story on CCN.com.