The number of individual transfers to scams was at its lowest level in four years , suggesting that fewer people are becoming victims of crypto frauds .
πππππππΌ ππππΎππΌππ β’ Revenue from crypto scams fell to $ 1.6 billion so far this year , 65 percent lower than levels in July 2021 , as cryptocurrency prices declined , a new report showed . The decline in scam revenue was largely in line with Bitcoin prices from January 2022 , blockchain data firm Chainalysis said in the report . Bitcoin currently trades at about $ 23,451 , down from its all - time high of over $ 68,500 in November 2021 .
It wasn't just scam revenue that dropped the total number of individual transfers to scams was at its lowest level in four years , suggesting that fewer people are becoming victims of crypto frauds , according to The Chainalysis 2022 Crypto Crime Report .
Yay more Crypto! So much more than money.
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Thank you β£οΈπ
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