$7.8B lost in crypto Ponzi and pyramid schemes in 2022: Report By Cointelegraph
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According to a report published by blockchain intelligence firm TRM Labs on June 28, a combined $7.8 billion was paid to cryptocurrency pyramid and Ponzi schemes worldwide in 2022. In addition, another $1.5 billion in crypto was alleged by TRM to have been spent on darknets for illicit activities, while another $3.7 billion in crypto was lost in hacks or exploits.
In total, $9.04 billion in crypto was sent to all types of financial fraud schemes, as alleged by TRM Labs. Despite a collapse in cryptocurrency prices from the ongoing bear market, it appears that there has been no corresponding slowdown in crypto-related crime. The firm wrote:
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According to a report published by blockchain intelligence firm TRM Labs on June 28, a combined $7.8 billion was paid to cryptocurrency pyramid and Ponzi schemes worldwide in 2022. In addition, another $1.5 billion in crypto was alleged by TRM to have been spent on darknets for illicit activities, while another $3.7 billion in crypto was lost in hacks or exploits.
In total, $9.04 billion in crypto was sent to all types of financial fraud schemes, as alleged by TRM Labs. Despite a collapse in cryptocurrency prices from the ongoing bear market, it appears that there has been no corresponding slowdown in crypto-related crime. The firm wrote:
Continue Reading on Coin Telegraph
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