HomeUncategorizedCrypto scammers feel the chill: Revenue drops 46% in 2022 — Chainalysis By Cointelegraph

Crypto scammers feel the chill: Revenue drops 46% in 2022 — Chainalysis By Cointelegraph

February 17, 2023

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Crypto scam revenue was slashed by almost half in 2022 due mainly to falling crypto asset prices, but two scam types managed to stay immune.

Crypto scam revenue in 2022, which includes investment scams, NFT scams and romance scams, among others, amounted to $5.9 billion in the year — down 46% from 2021.

Yearly crypto scam revenues from 2017-2022. Source: Chainalysis.
Average losses for victims throughout 2022 by scam type. Source: Chainalysis.