Crypto’s Popularity Is Growing But Criminals Remain on The Lookout

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The Street

By Rob Lenihan Crypto-based crime hit an all-time high last year, but blockchain security firm Chainalysis says crime is ‘becoming a smaller” part of the space. At last, some good news. Much has been written about the criminal use of cryptocurrency, including ransomware attacks, terrorist funding and outright theft. And crypto-related crimes are increasing. The 2022 Crypto Crime Report from Chainalysis, a blockchain analysis firm, found that cryptocurrency-based crime hit a new all-time high in 2021, with illicit addresses receiving $14 billion over the course of the year, up from $7.8 billion…

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