@ConnerDalfino, since you didn’t put a news source, I can’t comment on anything more than that it’s completely frivolous when someone sees an $80 million as a problem, and turns their head the other way when it comes to the hundreds of billions or even trillions their authorities have spent (evidently in vain) in Afghanistan or Iraq.
Crypto scams are definitely a problem, but they are still very insignificant compared to classic scams, and can be very easily prevented if children start learning Internet safety in time, and to force everyone involved in the chain to tighten their safety measures - and I mean the app play stores, advertising, and those selling domains/hosting.
In addition, laws should be passed that will provide for much harsher penalties for all those caught in crypto scams. As things stand now, you can get away with very little or no punishment if you’re smart enough - it’s actually encouragement, not prevention.