15% Fall in Crypto Crimes in 2022 But… – Katoch Tubes

THe Bearish  Crypto crimes

The Good in Bad

Acc. to a report published by Chainalysis, the crypto scam volume is down by 15%. Thanks to the  bear market.

Crypto Scam Revenue

The total scam revenue for 2022 is 65% lower compared to the end of July 2021. It stands at $1.6 billion so far this year

The Bear Effect

Although the scams are down by 15%, the same  is with the legitimate transactions which are  also down by 36%

Top Hacks in 2022

Top hacks include Solana $7 million wallet hack, Nomad bridge $5 million hack & Axie Ronin $650 million hack

Relation to Bitcoin

The total value received by crypto scam follows the price action of Bitcoin. Higher BTC price equals higher number of scams

Beware of Schemes

Any company that's promising superficial crypto returns is a scam. This include Ponzi Schemes & fake telegram groups

About Chainalysis

Founded in 2014, Chainalysis help govt. prevent crypto crimes & provide related tools to  the aurthoirty

Whom to trust?

If you want to invest in crypto markets, it's better to open account in top reputed exchanges like Binance or Coinbase.

WazirX Fraud

Checkout the latest update on Wazirx crypto fraud-

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