Web3 might be an attractive environment for scammers — but it also empowers you to look beyond the hype and verify a few things for yourself. In this article, we explain the key resources you have at your fingertips for doing just that.

In 2022, digital asset investment vehicles lost more than 55% in assets under management (AUM) from their peak at the beginning of the year, according to data from research firm CryptoCompare. “Due to the current state of panic in the market following the collapse of FTX, and rumours of similar problems at Binance, average weekly net outflows from digital asset investment products reached -$9.5 [million] in December, the highest level recorded since June 2022,” CryptoCompare analysts wrote in the report. (Blockworks)