Crypto crime hit record $14 billion in 2021, research shows

Crime involving cryptocurrencies hit an all-time high of $14 billion last year, blockchain researcher Chainalysis said on Thursday, a record that comes as regulators call for more powers over the fast-growing sector.

Crypto received by digital wallet addresses linked to illicit activity including scams, darknet markets and ransomware jumped 80% from a year earlier, Chainalysis said in a report. The activity represented just 0.15% of total crypto transaction volumes, its lowest ever.

Source: Tom Wilson, 6th of January 2022. https://www.reuters.com/markets/us/crypto-crime-hit-record-14-billion-2021-research-shows-2022-01-06/