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Crypto Winter Didn’t Chill Fraudsters Ability to Score $20 Billion in 2022
Even the criminals have felt the chill of the crypto winter.
The interview came against the backdrop where Chainalysis said last month that the money the bad actors made off with from various scams — NFTs and romance schemes for example — was cut roughly in half. The 46% plunge took the tally of scam-related hauls to $5.9 billion.
“Scams are connected to market prices,” she told PYMNTS, “and because we’re in a bear market, scamming trended down.”
And, she noted, “the bread and butter crimes,” she said, “the Darknet marketplaces and fraud shops saw massive declines in 2022.”