- Chainalysis has found that illicit crypto volumes are down this year, with total scam revenue sitting at $1.6 billion, 65% lower than where it was through the end of July last year.
- Specifically, “Total scam revenue for 2022 currently sits at $1.6 billion, 65% lower than where it was through the end of July in 2021, and this decline appears linked to declining prices across different currencies,” Chainalysis noted.
- The former netted over $2 billion from victims in 2019 while the latter netted over $1.5 billion in 2021.
Chainalysis: Illicit Crypto Activity Falls — Scam Revenue 65% Lower Than Last Year
