Crypto crime hit record $14bn in 2021

Scamming was the greatest form of cryptocurrency-based crime

Pedro Gonçalves
clock • 1 min read
As of early 2022, Chainalysis said illicit addresses already hold over $10bln worth of cryptocurrencies
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As of early 2022, Chainalysis said illicit addresses already hold over $10bln worth of cryptocurrencies

Scammers took home $14bn in cryptocurrency in 2021, a new all-time high, according to data from blockchain analytics firm Chainalysis.

Crypto received by digital wallet addresses linked to illicit activity including scams, darknet markets and ransomware jumped 80% from a year earlier. Still, the activity represented just 0.15% of total...

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