LONDON : Crypto crime fell overall in the first six months of 2023, but the volume of payments to ransomware attackers surged and is on track for its second-biggest annual total on record, blockchain analytics firm Chainalysis said on Wednesday.Cryptocurrency prices have gradually risen this year, recover
LONDON : Crypto crime fell overall in the first six months of 2023, but the volume of payments to ransomware attackers surged and is on track for its second-biggest annual total on record, blockchain analytics firm Chainalysis said on Wednesday.
Crypto inflows to illicit services identified by Chainalysis - which include darknet markets, ransomware actors, malware, scams, fraud shops and child abuse material - hit $2.8 billion in the first six months of 2023, down 65 per cent from $8 billion in the same period last year, Chainalysis said. Revenue from scams also declined, which Chainalysis said went against the long-standing trend of people being more susceptible to scams in times of rising prices, due to"market exuberance" and"FOMO" . But there was a rise in the number of people falling for impersonation scams, in which fraudsters pretend to be a law enforcement officer or other authority figure to extort money, Chainalysis said.
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