According to a study by 5Money and Storible, from January 2022 to October 2024, out of 1544 cryptocurrency projects worldwide, the United States, China, and the United Kingdom were the main sources of cryptocurrency scams and failed projects. Data shows that the United States accounts for as much as 43% of cryptocurrency scams, while China and the United Kingdom account for 8% and 7% respectively. In terms of failed projects, the United States accounts for 33%, China for 7.63%, and the United Kingdom for 7.22%. Research suggests that rapidly growing markets are often hotbeds for scams and failed projects. For example, the United States is one of the countries with the highest holdings of cryptocurrencies, with an FBI report stating that in 2023 alone, the United States suffered losses of up to $5.6 billion due to cryptocurrency scams. In addition, Russia has the highest fraud rate for cryptocurrency projects, reaching 24%, while South Korea has the highest project failure rate in the world, reaching 59%.