CRYPTOCURRENCY FRAUD DECLINING AMID FALL IN CURRENCY PRICES SAYS NEW REPORT
August 30th, 2022
Rates of cryptocurrency fraud are running at 65% less than a year ago, according to a new report (1) from blockchain data platform Chainalysis.
The New York-based company said total scam revenue for the first seven months of 2022 sits at USD1.6 billion in a dip apparently linked to declining prices across different currencies. And the number of individual transfers to scams by the end of July was the lowest for four years, suggesting “fewer people than ever are falling for cryptocurrency scams,” said the report.
One reason they suggest for the fall is ...
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