Stephanie Hughes

Tell me what you think is happening here.

Yeah.

Tell me a little bit more about that.

You know, in the report, there's this line that, you know, this growth points to the idea that crypto is helping build a shadow economy alongside the legitimate economy.

Can you tell me a little bit more about what that means?

Is there any answer to that?

You know, you guys think about solutions, like how do you conquer that kind of growth?

We'll be right back.

You're listening to Marketplace Tech.

I'm Stephanie Hughes.

We're back with Ari Redbord, Global Head of Policy at TRM Labs.

You mentioned scams.

You know, let's talk about that in particular.

You know, you find that $35 billion worth of crypto was lost to scams last year, kind of basically on par with where it was the year before.

What kind of scams are people falling for?

You mentioned pig butchering.

Explain what that kind of scam is exactly.

In the report, you mentioned that work-from-home scams have also become big.

Can you tell me more about that?

Yeah, one thing that is sort of common is these are long plays on the part of the scammer.