Crypto Crime Hit An All-Time High in 2021 As Adoption Increases

Published by
The Street

By Tony Owusu While crypto crime theft saw a nearly 80% year over year jump in volume, crypto adoption far outpaced the incidences of crime. As cryptocurrencies enjoyed a moment of inflection in 2021, crypto crime also had its day in the sun in a trend that could continue into 2022, according to a new report. Cryptocurrency-based crime hit an all-time high in 2021 as illicit addresses received $14 billion over the course of the year, according to a report from Chainanalysis, nearly double the $7.8 billion received in 2020. Despite the increase in crime, illicit transactions accounted for only …

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