Revenue from cryptocurrency scams dropped 46% in 2022, according to blockchain data analytics firm Chainalysis.We attribute most of this decline to market conditions, as scam performance tends to worsen when cryptocurrency prices are in decline, the firm explained.Crypto Scam Revenue Fell Significantly in 2022' Blockchain data analytics firm Chainalysis published its 2023 Crypto Crime Report last week with a section on crypto scams.
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