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

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 4 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 10 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 13 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 14 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 17 days ago

    • You need to login to comment.