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Cryptocurrency News

Crypto scams fall 65% after gullible noobs exit the market: Chainalysis

08/17/2022

Less than a minute

2022.08.17 18:02

Fewer people have fallen victim to cryptocurrency scams in 2022 so far due to falling asset prices and the exit of inexperienced crypto users from the market, a new crypto crime report reveals.

According to an Aug. 16 report from Chainalysis, total crypto scam revenue year-to-date is currently sitting at $1.6 billion, equating to a 65% decline from the prior year period, which appears linked to the declining prices of cryptocurrencies.