The illicit use of cryptocurrencies reached a new high of $20.1 billion last year.
Tag: crypto crime
Crypto Crime Falls During First Four Months of 2021, DeFi Fraud Soars Report Shows
Losses from cryptocurrency theft, hacks and fraud fell sharply in the first four months of the year, but crime in the booming “decentralised finance” space hit an all-time high, a report from crypto intelligence company CipherTrace showed. DeFi applications are platforms that facilitate crypto-denominated lending outside traditional banking, using an open-source code with algorithms that… Continue reading Crypto Crime Falls During First Four Months of 2021, DeFi Fraud Soars Report Shows