TrueUSD Shows the ‘Trustless’ World of Crypto Still Has Trust Issues

The US Securities and Exchange Commission headquarters in Washington, DC.

Photographer: Kent Nishimura/Bloomberg

Muyao Shen reports on how the “trustless” crypto market suffers from a lingering trust problem.

One thing crypto aficionados like to argue is that most crypto scams are just old-fashioned scams, and digital assets just happen to be what gets plundered.