Citing a preview of 2022 Crypto Crime Report of Chainalysis, Stephen Graves reports in decrypt.co that "revenues from crypto scams in 2021 were up 81% on the previous year, with rug pulls accounting for 37% of all crypto scam revenue—up from 1% in 2020."
Highlights of the report:
Crypto scams up 81% in 2021 compared to 2020 - $7.7 Billion. But less than that was lost to scams in 2019 - almost $10 Billion.
Rug pulls accounted for 37% - more than $2.8 Billion.
Most crypto sent from scam addresses ended up at mainstream crypto exchanges.
In 2017 and 2020 the scams went up when the crypto prices went up and new crypto users entered the market, but in 2021 scams flattened out as the crypto prices went up, suggesting that the crypto sector is maturing.
Source credit and full story - https://decrypt.co/88453/crypto-scam-revenue-hit-7-7-billion-2021-chainalysis
https://blog.chainalysis.com/reports/2021-crypto-scam-revenues/
Lucky for us Hiveians, we can continue to invest in Hive and Leo without worrying about scams and rug pulls.
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