'Total scam revenue for 2022 currently sits at $1.6 billion, 65% lower than where it was through the end of July in 2021,' said Chainalysis. cryptocurrency crypto bitcoin
Chainalysis has found that illicit crypto volumes are down this year, with total scam revenue sitting at $1.6 billion, 65% lower than where it was through the end of July last year. “Those numbers suggest that fewer people than ever are falling for cryptocurrency scams,” the blockchain data analytics firm wrote.Blockchain data analytics firm Chainalysis published its mid-year crypto crime update titled “Illicit Activity Falls With Rest of Market, With Some Notable Exceptions” on Tuesday.
Furthermore, “the cumulative number of individual transfers to scams so far in 2022 is the lowest it’s been in the past four years,” the firm added.Those numbers suggest that fewer people than ever are falling for cryptocurrency scams. One reason for this could be that with asset prices falling, cryptocurrency scams … are less enticing to potential victims.
In addition, darknet market revenue is down significantly this year, and is currently 43% lower than where it was through July in 2021.
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