Experts have criticized that data, which analyzed 27,000 tokens, saying that not every low-effort phishing or pyramid scheme has takers. Some, like Mark Zeller, vice president of the DeFi committee at L’Adan, a French digital asset industry group, said crypto users know the risks when they decide to get involved. That’s likely the case for people who know how to bridge crypto across blockchains or provision liquidity in decentralized money markets.