$37.5 Million lost to scams, not hacks, just in May alone. Meaning the majority of losses is the result of people being too greedy. This is a friendly reminder to check your ego and don't be greedy, which solves quite a lot of issues you will face in cryp

Crypto research firm De.fi has a REKT data base where they catalog the losses in crypto due to scams as well as hacks. Their REKT database for May showed losses of 37.5 Million for May due to scams alone. The number includes things like rugpulls, tokens that were abandoned after traders bought where devs did not follow-through on promises on development for the token, and honeypots, that attract token buyers but buyer may find themselves unable to sell or there is some malicious rebase code where buyers receive 99.9% less tokens when they actually sell.

In contrast, Defi hacks only came up to around 17 Million, including things like flash loans attacks, reentrancy attacks, price oracle vulnerabilities, minting issues etc. This means that more than twice the amount of money was lost from scams(being greedy) than to actual clever hacks.

Crypto can be difficult and it can be messy at time. Navigating the wild west if Defi is even worse. Make it easier on yourself and don't be (too) greedy.