Last year cryptocurrency thefts reached $1.2 billion in the first seven calendar months.
However, from the specialized company they emphasized that when comparing, it must be taken into account that the volumes of cryptocurrency transactions so far in 2022, both for illicit and legitimate entities, fell compared to July of the year. past.
Still, overall criminal activity has been more resilient: Illicit volumes were down just 15 percent year over year, compared to 36 percent for legitimate volumes.
Specialists attribute much of these thefts to the rise in funds stolen from DeFi protocols, a trend that began in 2021, according to their own records.
Scams are down
Chainalysis revealed that total scam revenue for 2022 is currently at $1.6 billion.which implies 65 percent less than there was until the end of July 2021.
The biggest scam of 2022 so far netted $267 million in cryptocurrency.
Instead, the biggest scam of last year, was the case Finiko, which managed to get 1,100 million dollars.
According to Chainalysis, this decline appears to be related to crypto winter and the fall in prices of cryptocurrencies.
In that sense, they specify that since January 2022, income from scams has fallen more or less in line with bitcoin prices.
“No one likes a cryptocurrency bear market, but the silver lining of this situation is that illicit activity has dropped along with legitimate activity”expressed from the intelligence company.
Likewise, the firm assured that the accumulated number of individual transfers to scams so far in 2022 is the lowest in the last four years.
Source: Ambito
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