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Scammers Stole USD 7.7B in Crypto in 2021 Amid Rug Pull Surge - Chainalysis
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Scams continue to generate the largest stream of cryptocurrency-based crime by transaction volume, with more than USD 7.7bn worth of crypto stolen from victims across the world so far this year, according to a recent report by blockchain analysis company Chainalysis.
Sadly, the figure represents an 81% increase compared to 2020 - a year in which scamming activity reported a significant drop compared to 2019, largely due to the absence of any major Ponzi schemes, the company said.
“That changed in 2021 with Finiko, a Ponzi scheme primarily targeting Russian speakers throughout Eastern Europe, netting more than [USD] 1.1 billion from victims,” according to Chainalysis.
Another change that could be used to explain the 2021 surge in scam revenue
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