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

  • Bitcoin DeFi and Layer 2s: The Next Trillion-Dollar Opportunity? 3 days ago
  • Is the Crypto Bull Market Over? 4 days ago
  • EIGEN Airdrop: The Evolution of Ethereum 4 days ago
  • The Endgame of Layer 2s, Explained 7 days ago
  • The Bitcoin Halving is Complete! What’s Next? 14 days ago

    • You need to login to comment.