Express

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

Last Update:

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

Related Articles

  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 5 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago

    • You need to login to comment.