High Scam Project Rate: The study revealed that 43% of scam projects originated from the US. The strong development of the cryptocurrency industry here is among the main reasons for this high figure.
Other Countries and Scam Rates: China and the UK ranked second and third in terms of scam project rates at 8% and 7%, respectively.
Failure Rates of Projects: South Korea has the highest failure rate with 59% of projects classified as unsuccessful. Vietnam also features prominently, with a 42% failure rate.
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