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Coronavirus Has Dropped Cryptocurrency Scammers’ Profits By 33%

Ramsey Baker

Summary: Cryptocurrency scammers are taking an economic beating from the COVID-19 outbreak, according to forensics firm Chainalysis. Research released on Friday shows a considerable drop in profit made through cryptocurrency scams since the start of the year. On a seven-day moving average, scammers saw their revenue drop from $800,000 worth of cryptocurrency in the middle of ...

Cryptocurrency scammers are taking an economic beating from the COVID-19 outbreak, according to forensics firm Chainalysis.

Research released on Friday shows a considerable drop in profit made through cryptocurrency scams since the start of the year. On a seven-day moving average, scammers saw their revenue drop from $800,000 worth of cryptocurrency in the middle of January to below $300,000 at the beginning of April.

By Ramsey Baker

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Link: Coronavirus Has Dropped Cryptocurrency Scammers’ Profits By 33%   [Copy]
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